FAQ Category: Hebrew Free Loan

HFL does not run credit checks on students or their co-signers during the WDJCLP application and approval process.

If you are no longer a full-time student prior to graduation, please contact the WDJCLP office.

Contact us immediately, before your loan becomes past due.  We will try to work with you to determine a possible solution.

Yes.  You are welcome to accelerate your repayment as much as you would like.  There is no penalty for paying back your loan early.

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.

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.

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 … Read more

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.

The maximum loan amounts are $10,000 per year for undergraduate students and $15,000 per year for graduate students. WDJCLP subtracts your total financial resources from the total cost of attending school to determine the amount of the WDJCLP loan.

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.