What is a cosigner and why does JELF require one?
A cosigner is someone willing to be legally responsible for a borrower’s repayment if the borrower defaults. While JELF does not charge any interest or fees, we are responsible for ensuring that every dollar loaned is repaid in full. JELF therefore requires a cosigner for each loan made.
JELF Cosigner Criteria:
- Must reside in the U.S.
- Provide tax returns, W-2s, and a government-issued photo ID
- Most cosigner relationships are a parent, legal guardian or relative. A cosigner cannot be the applicant’s spouse,
All cosigners must complete the cosigner application, including submitting required documentation. (Note: This step should not be done until the appropriate time and after receiving email instructions.)
From application to aid
Contact information for Local JELF Administrators will be provided by JELF after application submission.
If you are from JELF's five-state region but don't see your community, JELF will schedule your interview directly.
Our loans, which never accrue interest, help borrowers save instead of creating more debt while earning their higher education degree.