To be eligible, you must:
- Be enrolled at least half time in an eligible program.
- Be enrolled internally at James Cook University and not be undertaking external (online) subjects.
- Understand the University’s satisfactory academic progress and maximum timeframe stipulations.
- Be a citizen or eligible non-citizen of the United States.
- Not be in default on an education loan or education grant.
- Not owe a refund on any Title IV funding.
- Not have been convicted of any offence under US law involving the sale or possession of a controlled substance while receiving Title IV funding.
- Be in compliance with Selective Service registration requirements if you are male and between the ages of 18-25.
- File a Free Application for Federal Student Aid (FAFSA) entering JCU’s school code G12206 for the relevant loan period.
- For PLUS loans, the borrower must also pass credit checks.
- Comply with requests for documentation if selected for verification by the U.S. Department of Education and relevant Federal legislation.
- To be eligible you must also submit all documentation required by James Cook University to verify your eligibility and determine your financial need.
Some programs offered at JCU are not eligible for US Federal Aid. These include:
- Study Abroad (6 month/12 month length programs) and Exchange. Students may still be eligible through the Financial Aid office at their US school.
- Bachelor of Medicine/Bachelor of Surgery.
- Bachelor of Dentistry.
- Bachelor of Veterinary Science.
- Bachelor of Nursing Science.
- All Graduate Certificate and Diploma programs.
- All Undergraduate Certificate and Diploma programs.
- Any program that cannot be completed without external (online) subject enrolments.
James Cook University will estimate your “Cost of Attendance” (CoA) for the relevant loan period based on the regulations established by the US Department of Education. JCU will also advise you of your eligibility for each loan type, however the total amount of loans you can borrow will not exceed the total CoA.
You will find general information on cost of living on the JCU website however the CoA that is determined by the JCU Financial Aid Administrator can vary due to both exchange rate fluctuations and the US Department of Education regulatory limitations.
James Cook University will estimate your CoA firstly in Australian dollars and subsequently convert to US dollars using the current exchange rate at that time. The USD amount will appear on your JCU Financial Aid Award letter. Subsequently, upon disbursement of the loan amounts to the University the funds are converted again, this time from USD to AUD.
The two conversion points as explained above may result in variances to the loan amount due to exchange rate fluctuations between the USD and AUD. As the two conversions above occur at different points during the year, each conversion will result in a rate risk due to movement in the USD/AUD exchange rate. It is the borrower’s responsibility to understand and accept this risk as part of studying at James Cook University and borrowing US Financial Aid. The University is unable to set any exchange rates.
New students applying for US Federal Aid follow this link.
Continuing students applying for US Federal Aid follow this link.
When you complete your program, withdraw, take a leave-of-absence or drop below half-time enrolment, JCU will notify your lender and your grace period will begin. The grace period will give you six months before you must start making monthly principal and interest payments on your loans. If you re-enter university at least halftime during your grace period, the grace period is usually renewed for another six months so you have the full grace period available when you leave university again. You must also undertake Exit Counselling online: Exit Counseling.
Students who apply for a JCU Leave of Absence from their studies may be eligible to also take a Federal Aid Leave of Absence in certain circumstances. Enquiries should be made to the JCU Financial Aid Administrator before you go on LoA. If you are not eligible or do not apply for a Federal Aid LoA, you will be reported as ‘withdrawn’ to the US Department of Education, even if your enrolment status at JCU is LoA.
- Satisfactory Academic Progress (SAP) for US Federal Aid eligibility
- US Federal Aid – Return to Title IV
- Admission Progression Policy
- JCU AccessAbility Services (for students with disabilities)
- Critical Incident Policy
For any further questions about James Cook University’s administration of US Federal Aid Loans please contact the Financial Aid Administrator at FinancialAid@jcu.edu.au or phone +61 747815507.