FAQ

WHEN SHOULD I APPLY?
Both students who are applying for the first time and students who have previously received WDJCLP loans are required to submit an application each year starting April 1. There are no automatic renewals for students who have received loans in the past.

WHAT IS FAFSA?
FAFSA is the Free Application for Federal Student Aid (FAFSA), which is the first step for students to apply for financial aid of all types. FAFSA is administered by the U.S. Department of Education’s Federal Student Aid office. The FAFSA is available at www.fafsa.ed.gov on October 1 for the upcoming school year. For help completing the FAFSA, contact your school’s financial aid office. The FAFSA is free; you should never pay to complete or submit your FAFSA.

HOW DOES THE PROGRAM WORK?
WDJCLP provides interest-free loans through donations from individuals and foundations, which are recycled by payments on loans previously issued.

HOW MUCH DOES IT COST TO APPLY FOR A WDJCLP LOAN?
There is no fee to apply for a WDJCLP loan.

WHO WILL KNOW THAT I HAVE APPLIED FOR A LOAN?
Only the appropriate staff at the WDJCLP office will know that you have applied for a loan.  We keep the information you share with us completely confidential, unless you otherwise ask us to disclose it to a specific party.  We ensure your privacy with the Loan Committee by using only codes to identify applicants.  We do not disclose the names or sell lists of our loan applicants to outside parties.

HOW MANY SEMESTERS DOES A WDJCLP LOAN COVER?
WDJCLP’s funding cycle is for one academic year.  WDJCLP accepts loan applications in the spring for the upcoming fall/winter terms.  There is also a second funding cycle for those who missed the first application deadline.  If you need assistance from WDJCLP for more than one year, you must re-apply each year that you need it.

IS THERE A MAXIMUM LIFETIME LOAN AMOUNT?
You may borrow up to $70,000 total during your lifetime from WDJCLP.

IS THERE AN AGE LIMIT FOR APPLYING FOR A LOAN?
There is no age limit for loan applicants.  The majority of our loan recipients are in their late teens and 20s, but some are older students who are learning new skills or returning to school to get an additional degree or to change careers.

HOW DO I DEMONSTRATE FINANCIAL NEED?
WDJCLP looks at all the information available to us from the loan application each year because we understand that financial circumstances can change.  For example, your parents may have had a high income in the previous tax year but the major wage earner may have suffered a job loss or a major illness since then.

WHAT EXPENSES ARE CONSIDERED TO DETERMINE POTENTIAL LOAN NEED?
WDJCLP considers the cost of tuition, fees, room and board, books, supplies, transportation, and limited personal expenses.  WDJCLP does not factor in social expenses, such as fees for sororities and fraternities.

HOW MUCH OF A LOAN CAN I GET FROM WDJCLP?
You are expected to apply for and accept all possible grants and scholarships and other loans before turning to WDJCLP. In addition, WDJCLP expects you to contribute to the cost of your education by working during the summer and, when possible, during the school year. We also expect that you will use earnings from past years, as well as money set aside in savings, to help finance your education.

WDJCLP subtracts your total financial resources from the total cost of attending school to determine the amount of the WDJCLP loan.

WHAT ABOUT PARENT PLUS LOANS?
Payments on Parent Plus loans begin immediately after the loans are issued. WDJCLP recognizes that many parents in need of assistance for their children’s education cannot meet that payment schedule. For that reason, WDJCLP does not require that parents take on Parent Plus loans.

IS IT POSSIBLE TO APPLY FOR A WDJCLP LOAN AND NOT TAKE IT?
Many of our applicants don’t know their exact financial needs when they complete their WDJCLP loan application, which is why WDJCLP requires that they submit their costs of attendance and financial aid award notice.  If you or the Loan Committee determines at some point that you have sufficient financial resources, we will withdraw your WDJCLP loan application from consideration.  You are welcome to apply for a loan for subsequent school years as needed.

WHAT OTHER INTEREST-FREE LOANS ARE AVAILABLE?
Students or their parents may be eligible for an education loan with Hebrew Free Loan. For information, go to www.hfldetroit.org or call (248) 723-8184.

MAY I DEFER MY LOAN PAYMENTS?
If a student is continuing or resuming his or her education, he or she may be considered for loan deferment while he or she is enrolled as a full-time student. To be considered for deferment, contact the WDJCLP office.