Student must

• Be a U.S. Citizen or eligible non-citizen.
• Be a New Jersey resident attending an approved school (in or out-of-state) or an out-of-state resident enrolled in an approved NJ-based school.
• Be enrolled in a title IV approved degree or certificate program.
• Be enrolled at least half-time and be making satisfactory academic progress, as defined by the school.
• Have submitted a FAFSA and determined all available Federal loan eligibility before applying for a NJCLASS Loan.
• Not have reached the NJCLASS aggregate loan limit, if applicable.

Borrowers must

• Be a U.S. Citizen or eligible non-citizen.
• Be creditworthy and meet minimum income requirements, or have an eligible Coborrower or Cosigner.
• Not be delinquent on any existing NJCLASS Loans or have a Federal or State loan in default status.

Parent Borrowers must

• Be the biological or adoptive parent of the student, or the spouse of the student's parent.
• If you are the spouse of the parent, your income and assets must be reported on the Free Application for Federal Student Aid (FAFSA) or be reported if a FAFSA were filed.
• Be a U.S. Citizen or eligible non-citizen.
• Be creditworthy and meet minimum income requirements, or have an eligible Cosigner.
• Not be delinquent on any existing NJCLASS Loans or have a Federal or State loan in default status.

Cosigners must

• Be at least 18 years old.
• Be a U.S. Citizen or eligible non-citizen.
• Be creditworthy and meet minimum income requirements.
• Not be delinquent on any existing NJCLASS Loans or have a Federal or State loan in default status.