What is a “last dollar” loan?
A “last dollar” loan from JELF covers the remaining expenses after all other financial aid options have been exhausted. JELF provides “last dollar” loans, typically ranging from $1,000 to $8,000 annually, based on the remaining financial need.
How a JELF “Last Dollar” Loan Works:
- Students apply to JELF after securing all possible scholarships and loans, including Federal Direct Loans.
- JELF calculates the loan amount based on the student’s remaining financial need after other aid is applied.
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.