Introduction
Higher education often requires motivated students to make some difficult financial choices. Whether assistance is needed from parents or from financial aid resources, students are encouraged to explore a variety of college financing options. As a state approved agency that is dedicated to helping high school graduates locate funding, the Higher Education Student Assistance Authority (HESAA) provides information about a variety of unique loan programs, scholarships and grants.
New Jersey Student Loans
Money is available for students who attend higher educational programs in New Jersey. Additionally, residents of New Jersey may apply for loan programs to finance in-state educational expenses or to pay for higher education costs in another state.
Affordable financing solutions offered through the New Jersey College Loans to Assist State Students (NJCLASS) may be used to meet certain educational costs that are needed beyond traditional funding sources. Students may use the money that is received from NJCLASS to pay for tuition, books, campus-based housing or off campus housing, educational fees, computers, equipment and other expenses.
Scholarships and Grants in New Jersey
HESAA offers a large list of resources for New Jersey residents who need financial assistance for higher education expenses. Students may apply for merit-based programs and scholarships to help pay for certain educational costs. Financial aid counselors are available to discuss a variety of ways that a New Jersey resident may be able to cover higher education costs via NJCLASS and HESAA resources.
Consideration
Many students apply for financial assistance through the HESAA and NJCLASS. Certain deadlines are established for each year to apply for financial assistance. Students are encouraged to timely submit the required financial aid documents that are needed to determine whether an application will be approved.
Students who are awarded financial aid through the Higher Education Student Assistance Authority or the New Jersey College Loans to Assist State Students generally receive low-cost loans that are extremely competitive.
On the NJCLASS website, students can review loan information and receive tips about borrowing money for higher education costs. The website also offers options to make student loan payments and to consolidate student loans.
