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NJCLASS Home
NJCLASS provides fixed rates with several repayment options to fit your budget.
NJCLASS Family Loans Offer:
  • No Administrative Fee
  • No Penalty for Early Repayment
  • Lower Rates than Parent PLUS1
  • Student and/or the Parent can be the borrower.
Academic Year 2025–2026
NJCLASS
Federal Parent PLUS
Rate³/APR – Origination Fee 4.228%
10-Year2
OPTION 1
6.50% APR
Immediate repayment of principal and interest while in school
8.94% / 9.960% APR
15-Year2
OPTION 2
7.99% APR
Interest only payments while in school
8.94% / 9.868% APR
20-Year2
OPTION 3
8.75% APR
Full deferment while enrolled in school at least half time
8.94% / 9.642% APR
Refinance
Save money by refinancing your loan. Interest rates as low as 7.50%.
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Lower Interest
Lower your interest rate with auto pay. Log in or create an account to enroll.
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In/Out State
NJCLASS loans can be applied to your in-state, out-of-state, or online learning!
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Cosigning Considerations
Considerations on cosigning on a loan.
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Service Members
Servicemembers Civil Relief Act
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Pay NJCLASS Online Pay NJCLASS Online
Credit Scores Learn More About Credit Scores

1 NJCLASS cannot be compared to Federal Direct loans. Like the Federal Parent PLUS loan, the NJCLASS family loan is a supplemental loan that can only be used to cover unmet need after all other available aid, including Federal Direct Loans, is subtracted from the cost of attendance.

2 Principal and interest repayment calculations are based on repayment starting 45 days from disbursement for the immediate repayment option and 45 days after leaving school for full deferment and interest-only repayment option. Your actual payment may vary based on terms and conditions of your loan agreement.

3 Direct PLUS interest rate of 8.94% applies to loans disbursed on or after July 1, 2025 and on or before June 30, 2026. The interest rate for Direct PLUS loans disbursed on or after July 1, 2024 and before July 1, 2025 is 9.08%.

Student loan comparison information document (18A:71C-21.2) available here.

Fall 2025/Spring 2026 New Rates Effective June 4, 2025. Additional terms and conditions available here.