Each July and November, members of JELF’s Loan Review Committee review and evaluate all the applicant summary forms. During these sessions, the committee determines which applicants will be granted loans and for how much. While JELF would like to fully fund all qualified applicants, this is not always possible due to a lack of resources.
In the days immediately following the Loan Review sessions, JELF’s central office will email you to let you know if you were granted a loan and for how much.
If you are granted a loan, you will receive half the loan amount in early August and half in December. Students who apply in September will receive one check for the full granted amount in December. To obtain your December loan check, you must also submit your fall grades to demonstrate that you are still in good academic standing with a minimum cumulative GPA of 2.0.
Both in August and December, you and your co-signer(s) must fill out and sign a promissory note (which will be witnessed by your LJA) and provide a copy of your driver’s licenses (or other photo ID if no license).
As soon as your promissory note is fully filled out and signed, you will receive your loan check from your LJA or it will be mailed to you at your home address.