JELF Loans Paying back a JELF loan is simple and interest-free.

Set up recurring payments or gift a repayment to a specific repayer.  Use the One Time Payment link to set this up.

Let us know what you need. We are here to help!

How does repayment work?

When does it begin?

Repayment begins 6 months after either graduation, termination of course of study or a status change to part-time student.

How long is repayment?

JELF's repayment period is 8 years (although it can always pay back sooner with no penalty!).

What are payments like?

JELF offers a graduated repayment schedule, which means that in the first years of repayment, when income is likely to be at its lowest, a borrower will make the smallest payments.

Repayment Year Percentage of Total Loan Annual Amount Monthly Payment
Year 15%$500$41.67
Year 25%$500$41.67
Year 310%$1,000$83.34
Year 410%$1,000$83.34
Year 515%$1,500$125
Year 615%$1,500$125
Year 720%$2,000$166.67
Year 820%$2,000$166.67