Payment Options

The College sends bills for each semester and while many families pay this bill in full, other families choose to use one or more of the following financing options.

The Nelnet Payment Plan benefits include

• easy online enrollment
• flexible payment options
• no interests.

This monthly plan allows families to spread all or part of the semester's expenses over four equal monthly payments. Participation in the plan requires a non-refundable $60 fee. The plan is interest free when using an ACH Automatic Bank Payment, interest fee applies when using a credit card or debit card.

NOTE: Nelnet payment plans are no longer available directly through Saint Joseph’s College for students in the ABSN, MMC and Hebrew Senior Life Programs.

Target dates to enroll by

Fall 2024
Payment plans available May 26, no down payments

Spring 2025
Payment Plans available November 10, no down payment

FMI, contact Nelnet Campus Commerce at 800-609-8056 or mycollegepaymentplan.com/sjc-maine

Many of our families choose to use a federal parent loan to pay all or part of the balance remaining after financial aid. Families of incoming students may apply as early as May, but returning students will want to have your Financial Aid Award letter first to determine the amount that you will need to borrow for the academic year. For more details about this credit-based federal program, go to studentaid.gov.

To apply for this loan:

1) Complete the application process at studentaid.gov website - the parent borrower signs in with his or her FSA ID. This can be done at studentaid.gov. We recommend that you apply for this ID as soon as possible.

2) If the application is approved, the parent borrower must complete the Master Promissory Note.

Repeat borrowers for the same student do not need to complete a new promissory note, but must apply for the loan each year by completing Step 1.

There are also credit-based private education loans available to pay all or part of the balance remaining after financial aid. We encourage you to research your loan options carefully. You may begin the application process in May, but you will want to have your financial aid award letter first to determine the amount that you will need to borrow for the academic year.

We recommend that you apply for federal financial aid and exhaust all federal loan sources first as the terms and conditions of those loans may be more favorable than the provisions of private education loans.

To begin your search regarding private education loan lenders, select the following link:

• http://www.elmselect.com/link/query?schoolid=504

You will have the option to review and compare lenders and their various loan options, as well as completing a loan application online. The student in most cases will need a credit-worthy co-signer. This does not necessarily need to be a family member. For questions regarding your loan options, please contact the lender directly.