- Students transferring to JCU must submit all transcripts for a Transfer Credit Evaluation in order for their federal loan eligibility to be calculated.
US Federal Aid recipients who complete coursework online or in the US risk losing federal loan eligibility upon returning to JCU. This affects students who spend a term(s) at a US university or study abroad with a program hosted by a US institution or study abroad organization. This also affects students via distance programs, including online and remote learning formats.
Students are required to make satisfactory academic progress in order to continuing receiving Federal Student loans. The JCU Financial Aid Office monitors Satisfactory Academic Progress at the end of each semester. Students must meet the following minimum requirements:
- Minimum cumulative Grade Point Average (GPA)
- Hours attempted versus successfully completed
- Maximum time to complete a program
Students who do not meet these requirements may have their Federal Student Aid withdrawn. Download the complete John Cabot University SAP Policy.
Once you have graduated, withdrawn, taken a leave or absence or are no longer enrolled at least half time, you will enter a 6-month grace period on your Federal Direct Subsidized and Unsubsidized Loans, during which time you are not required to make loan payments.
You must begin repayment at the end of your grace period. Your loan servicer will provide you with a loan repayment schedule that states when your first payment is due, the number and frequency of payments, and the amount of each payment.
If you withdraw from the university prior to completing more than 60% of a term, JCU will determine the amount of Title IV Federal Student Aid that you have earned, and what funds must be returned. The Title IV programs included are Direct Stafford Loans and Direct PLUS Loans. Download the complete Return to Title IV Policy.
Before you graduate or withdraw, you are required to complete the Exit Counseling. You may complete the Exit Counseling online.
U.S. Private Student Loans
Private loans are available to degree-seeking and study abroad students who are United States citizens and permanent residents. JCU encourages students and families to first consider paying for university with savings, grants, scholarships, and federal student loans. Students and families should estimate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan. Note, JCU does not endorse Sallie Mae loans, though they may be used at U.S. foreign schools. Students are encouraged to explore all private loans options.
When savings, scholarships, and federal aid are not enough to pay for your school expenses, you can find private graduate student loans designed for your field of study. The Sallie Mae Graduate School Loan can also be an alternative to the Federal Direct Grad PLUS Loan, and if you are highly qualified, you may receive a lower interest rate.
Students may be eligible to borrow the Per Merito student loan via Banca Intesa SanPaolo while studying at John Cabot University. Students must be at least 18 years of age and have Italian residency (Italian citizenship is not required).
International Student Loans, Grants & Scholarships
For studies in foreign countries, students are supported for four-year courses or for the last four years of longer ones. Support granted for studies in Denmark can be used to finance studies abroad when they are accepted as part of a study program at a Danish institution.
Estonian students may apply for loans to help finance their studies at JCU. For more information, please visit the below websites: