Home » Apply Now for Federal Stafford, Plus, Grad Plus, and NJCLASS loans

Apply Now for Federal Stafford, Plus, Grad Plus, and NJCLASS loans


The Federal loan process is unavailable from Friday, October 9th at 11:30 PM EDT until Monday, October 12th 6:00 AM EDT for routine maintenance.



HESAA allows both undergraduate and graduate students and their parents to apply online for a variety of loans. We insure Federal student loans (Stafford, PLUS, Graduate PLUS) through the Federal Family Education Loan Program (FFELP).


Federal Stafford Loan
Federal Stafford - There are two types of Federal Stafford Loans, subsidized and unsubsidized. If you qualified for a subsidized (need-based) Federal Stafford Loan, the federal government pays the interest on the loan while you are enrolled in school at least half time, in deferment, or in a grace period. However, if you borrow an unsubsidized (non-need-based) Stafford Loan, you are responsible for the interest during in-school, deferment, and grace periods. The interest rate is fixed at 6.8%. All other provisions of the two loans are identical unless otherwise noted.


HESAA allows both undergraduate and graduate students and their parents to apply online for a variety of loans. We insure Federal student loans (Stafford, PLUS, Graduate PLUS) through the Federal Family Education Loan Program (FFELP).


Federal PLUS Loans
Federal PLUS - Federal PLUS Loans are available to parents to pay for the educational expenses of financially dependent undergraduate students. These loans may be used to supplement Federal Stafford Loans. The interest rate is fixed at 8.50%.


HESAA allows both undergraduate and graduate students and their parents to apply online for a variety of loans. We insure Federal student loans (Stafford, PLUS, Graduate PLUS) through the Federal Family Education Loan Program (FFELP).


Federal PLUS Loans for Graduate and Professional
Degree Students
Graduate PLUS - The Federal Graduate PLUS loan is a student loan for graduate and professional students who need additional funds to meet educational costs. Graduate students should utilize Stafford loans before Graduate PLUS. The interest rate is fixed at 8.50%.


The NJCLASS fixed rate loan program allows students or parents to be the borrower. This loan features a fixed interest rate and low administrative fees. Flexible repayment options are available, including the option to defer all payments while the student is in school.


NJCLASS Loan for Student or Parent Borrowers

Graduate students can apply for an NJCLASS Grad/Professional Loan to meet the costs of a graduate education. There is no income requirement. Approval is based upon satisfactory credit history. The loan features a low fixed interest rate and administrative fees. Flexible repayment options are available, including the option to defer all payments while in school.


NJCLASS Loan for Graduate & Professional Students

When it is time to repay your NJCLASS loans, you may want to consider consolidating your NJCLASS loans into a single fixed rate loan with extended repayment terms and reduced monthly payments.


NJCLASS Loan Consolidation


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