Skip Ribbon Commands
Skip to main content

NJCLASS Home | New Jersey Student Financial Aid | HESAA


1 NJCLASS cannot be compared to Federal Direct loans. Like the Federal Parent PLUS loan, the NJCLASS family loan is a supplemental loan that can only be used to cover unmet need after all other available aid, including Federal Direct Loans, is subtracted from the cost of attendance.

2 Principal and interest repayment calculations are based on repayment starting 45 days from disbursement for the immediate repayment option and 45 days after leaving school for full deferment and interest-only repayment option. Your actual payment may vary based on terms and conditions of your loan agreement.

3 Direct PLUS interest rate of 9.08% applies to loans disbursed on or after July 1, 2024 and on or before June 30, 2025. The interest rate for Direct PLUS loans disbursed on or after July 1, 2023 and before July 1, 2024 is 8.05%.

Student loan comparison information document (18A:71C-21.2) available here.

Fall 2024/Spring 2025 New Rates Effective May 31, 2024. Additional terms and conditions available here.