Federal Grants, North Dakota State Grants and Scholarships
In addition to scholarships, you may be eligible for other financial aid programs. For a quick estimate of eligibility for federal aid, you might want to check out an online need estimator such our Net Price Calculator. The FAFSA, available from your high school guidance counselor, Jamestown College, or online is the form you use to apply for state and federal aid. Consult the FAFSA for deadline information. Jamestown College's Federal School Code is 002990.
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Federal Pell Grant (up to $5,550 during the 2012-13 school year); eligibility determined by federal guidelines.
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Federal Supplemental Education Opportunity Grant (annual amount varies from year to year); is need-based; limited funding available.
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North Dakota State Grant ($1,500 annually for the 2012-13 school year for eligible Jamestown College students); eligibility determined by state guidelines. In order to be considered for a North Dakota State Grant, your FAFSA form needs to be processed by April 15.
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North Dakota Academic Scholarship/North Dakota Career and Technical Education Scholarship ($1500/year to be reviewed each semester for minimum 2.75 GPA); eligibility based upon ACT or WorkKeys scores and determined by state guidelines. The student must be enrolled for at least 12 hours the first two semesters and 15 hours each term thereafter.
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North Dakota Scholars - full-tuition scholarships (shared by the state and Jamestown College); merit-based (ACT score) as determined by state guidelines; required to maintain cumulative GPA's of 3.5.
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North Dakota Indian Scholarships - ranges from $800 - $2000/year; merit and need-based; must maintain minimum 2.0 GPA; eligibility determined by state guidelines.
Institutional Grants
Jamestown College may have need-based funding available to qualifying students. Please complete the FAFSA for determination of your eligibility for this funding.
Federal Loan Programs
Jamestown College participates in the federally-funded Direct, Perkins, and PLUS Loan programs.Free Application for Federal Student Aid (FAFSA) results determine eligibility for Direct and Perkins Loans.
Subsidized vs. Unsubsidized Direct Loans?
You pay no interest or principal on federally-subsidized loans until six months after graduation, withdrawal from college, or until your course load is less than six credits. Interest on unsubsidized loans accrues while you are in college, but the principal is still deferred.
Perkins Loan?
You pay no interest or principal on Perkins loans until nine months after graduation, withdrawal from college, or until your course load is less than six credits.
Loan Limits
Subsidized vs. Unsubsidized Direct Loans
The Direct Loan limit for freshmen is $3,500 beginning in the fall of 2007. The Direct limit for sophomores is $4,500, while juniors and seniors can borrow up to $5,500. Unsubsidized loans are an option for those not eligible for the subsidized loan program. In addition, a student may borrow up to $2,000 Unsubsidized Direct Loan per year.
Perkins Loan
The Perkins Loan is need-based with limited funding. The annual limit is $5,500 with an interest rate of 5 percent.
Entrance Counseling
In order to borrow funds through the Direct or Perkins Loan programs, students must complete entrance counseling. If you have both Direct and Perkins Loans, you must complete entrance counseling for both types of loans:
Alternative / Private Education Loan Program
Students have the right to select any eligible lender under the Alternative/Private Education Loan Program and Jamestown College will process the request in compliance with federal and institutional packaging guidelines. It is, however, crucial that you consider your options when choosing an alternative student loan. Choose a lender that demonstrates a strong commitment to students and their education. Further, be sure to check the lender’s value and benefits, fees, interest rates, repayment options, and customer service. Below you will find the list of lenders used by Jamestown College students for the processing of Alternative/Private Education Loans over the past five years. It does not include those lenders that no longer fund student loans. (The Jamestown College historical list will be reviewed and updated annually.) Jamestown College does not endorse or accept incentives from any lender nor does it promote any specific lender. The historic list is provided as a courtesy and should not be interpreted as a requirement to use any of the lenders listed. Jamestown College will process an Alternative/Private Education Loan from any participating lender that requires school certification.
NOTE: Effective February 2010, the Federal Reserve and the Department of Education implemented new regulations that impact students who borrow private educational loans. All lenders must be in compliance with these regulations but can handle the application process differently. Contact the lender regarding processing and disbursement time frames. Please be aware that due to the new regulations, it may take a minimum of 15 - 20 business days from the day the application process begins until loan funds are received. Historical Lender List for Jamestown College.
Employment
You also may qualify for campus employment. Two programs, one under federal guidelines and the other through Jamestown College, enable students to perform a variety of jobs: office work, residence hall maintenance, food service, custodial help, lab assistance, tutorial services and more. Your earnings from campus employment are intended to offset educational charges. Early application is encouraged, as we have a limited number of jobs for students.
Installment Payment Plan
Jamestown College participates in a custom billing installment plan administered by Tuition Management Systems. This option can help ease payment of college costs. Monthly payments are interest free. No credit checks or finance charges apply. An enrollment fee is required. You may change the amount budgeted and the monthly payments after enrollment if changes in financial aid, scholarships or loan amounts occur. For more information, refer to the Tuition Management Systems brochure or contact the agency at 1-800-722-4867.
