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 1 | 5% | $1,000 | $83.33 |
| Year 2 | 5% | $1,000 | $83.33 |
| Year 3 | 10% | $2,000 | $166.67 |
| Year 4 | 10% | $2,000 | $166.67 |
| Year 5 | 15% | $3,000 | $250.00 |
| Year 6 | 15% | $3,000 | $250.00 |
| Year 7 | 20% | $4,000 | $333.33 |
| Year 8 | 20% | $4,000 | $333.33 |
Planned Giving Inquiry Form
Once this form is submitted our legacy team will be in touch to help you plan your next steps.