Recycle the Fund Repay With Purpose

When a borrower repays their loan, funds recycle to empower another student in need. With JELF’s consistent 99% repayment rate, each payment helps the next generation.

Use JELF’s secure forms to set up ACH (recurring payments), gift a repayment to a current repayer — or check your balance + more!

How does repayment work?

When does it begin?

Repayment starts 6 months after a student’s final graduation, withdrawal, or change in status (e.g., from full-time to part-time).

How long is repayment?

JELF offers an 8-year repayment period, though loans can always be repaid sooner with no penalty.

What are payments like?

Payments follow a graduated schedule, starting lower when income is typically smaller. For example, if a student borrowed $20,000 ($5,000/year for 4 years), this chart shows how repayment would look over 8 years. Borrowers may also defer repayment if returning to school.

REPAYMENT YEAR PERCENTAGE OF TOTAL LOAN ANNUAL AMOUNT MONTHLY PAYMENT
Year 15%$1,000$83.33
Year 25%$1,000$83.33
Year 310%$2,000$166.67
Year 410%$2,000$166.67
Year 515%$3,000$250.00
Year 615%$3,000$250.00
Year 720%$4,000$333.33
Year 820%$4,000$333.33
repayment faqs

Each time a loan repayment is made, JELF can help more students in need.

Set Up Repayment

Planned Giving Inquiry Form

Once this form is submitted our legacy team will be in touch to help you plan your next steps.

Repayer Requests

Repayer Assistance Form

How can we help you?

Select an option below to help us understand what you need. In the next section we'll need a little information to just verify you and your loan.

In order to change bank information, you must fill out a new ACH form.

Update ACH Bank Information

In order to change bank information, you must fill out a new ACH form.

Update ACH Bank Information

In order to make a one time payment with new bank information, you must fill out a new ACH form.

Fill Out One Time ACH Form

If you have recently graduated or will be graduating soon from your final degree-seeking program, you should expect to hear from JELF approximately 5 months after graduation to set up your student loan repayments through ACH.

- If you graduate in May/June --> you will hear from JELF by November or December.
- If you graduate in August --> you will hear from JELF the following January or February.
- If you graduate in December --> you will hear from JELF by the following May or June.

At that time, JELF will provide an ACH form to set up automatic student repayments.

If you are going back to school full-time for an additional degree, JELF will gladly defer your repayments until your final graduation.  However, we may not be aware of this information, particularly if you are not using JELF for your upcoming degree, so you must inform JELF by continuing to fill out this form.

In order to defer repayment, JELF requests a copy of your school acceptance letter and school schedule (or letter showing the number of credit hours you plan to be taking). If you do not have this yet, you must send it to [email protected] when it is available.