Paying for your education at The Kubert School.

The Kubert School is committed to providing educational excellence and equality for all students. We offer several types of financial aid to help qualified students meet their college expenses.


Available Programs:



WILLIAM D. FORD FEDERAL LOAN PROGRAM 

 

Federal student loans provide students and their parents the opportunity to borrow money to pay for a college education through federally supported lending programs. These loans offer a variety of benefits, including low interest rates and flexible repayment options.


DIRECT SUBSIDIZED LOAN

DIRECT UNSUBSIDIZED LOAN

DIRECT PLUS LOAN

Lender

Federal Government

Federal Government

Federal Government

Who’s the loan borrower?

Student

Student

         Parent(s) of dependent undergrad

        Graduate or professional degree student

Loan Eligibility

Undergraduate students who are enrolled in classes at least half-time that demonstrate financial need.

Undergraduate, graduate and professional degree students who are enrolled in classes at least half-time. Do not need to demonstrate financial need.

Parents with a dependent enrolled in classes at the undergraduate level and graduate and professional degree students enrolled in classes at least half-time.

Loan requirements

First-time Direct Loan recipients must sign a Master Promissory note and complete an entrance counseling session.

First-time Direct Loan recipients must sign a Master Promissory note and complete an entrance counseling session.

Direct PLUS loan recipients must sign a Master Promissory Note and complete an entrance counseling session.

Interest rate

Loans disbursed between July 1, 2015 and July 1, 2016 will have an interest rate of 4.29%.

Loans disbursed between July 1, 2015 and July 1, 2016 will have the following interest rates:

*Undergraduate: 4.29%

*Graduate: 5.84%

Loans disbursed between July 1, 2015 and July 1, 2016 will have a 6.84% interest rate.

Loan fees

Loans disbursed between October 1, 2015 and before October 1, 2016 will have a 1.068% loan fee.

Loans disbursed between October 1, 2015 and before October 1, 2016 will have a 1.068% loan fee.

Loans disbursed between October 1, 2015 and before October 1, 2016 will have a 4.27% loan fee.

How much can be borrowed?

Students may borrow between $3,500 and $5,500 annually, depending on the grade level.

Between $3,500 and $12,500 annually depending on dependent’s status and parents’ eligibility for Direct PLUS Loans

Total amounts borrowed are capped at the max cost of attendance as determined by the university after other financial assistance is taken into consideration.

When do loan payments begin?

Payments begin either when the student’s enrollment falls below half-time or 6 months after graduation.

Payments begin either when the student’s enrollment falls below half-time or 6 months after graduation.

Loan repayment begins when loan funds are disbursed.

Parent borrowers may request payment deferment while their dependent is enrolled at least half-time and for another 6 months after their dependent graduates or leaves school.


Federal:

·      Federal Stafford Loans are the major form of self-help aid and are available through the Federal Direct Loan Program. You must have a valid FAFSA on file. http://www.fafsa.ed.gov

·      Pell Grant - Eligibility for a Pell Grant is based on the Expected Family Contribution that is calculated from the information provided on the Free Application for Federal Student Aid (FAFSA). A Federal Pell Grant, unlike a loan, does not have to be repaid.

·      SEOG - Institutions are given a restricted amount of SEOG funds each academic year by the U.S. Department of Education. Students SEOG award is based upon exceptional financial need as demonstrated through the Free Application for Federal Student Aid (FAFSA).

 

State:

·      NJClass Loan - NJCLASS is available to in-state and out-of-state students attending a New Jersey school.

 

Canadian Students: 

·      The Kubert school is a designated institution for BC Students.  Visit StudentAid BC for more information.

How do I get a federal student loan?

1.    Complete and submit a Free Application for Federal Student Aid (FAFSA®). Based on the results of your FAFSA, your college or career school will send you a financial aid offer, which may include federal student loans. Your school will tell you how to accept all or a part of the loan. 

 

2.    Complete entrance counseling, a tool to ensure you understand your obligation to repay the loan.

3.    Sign a Master Promissory Note (MPN), agreeing to the terms of the loan.



Please email:financialaid@kubertschool.edu  for more information

Application Procedures

Steps to Apply:Complete the Free Application for Federal Student Aid (FAFSA).
 
The Kubert School federal school code is 015102, which should 
be entered when filing your FAFSA.

  • File the FAFSA online: www.fafsa.ed.gov Make sure to link your tax return to your FAFSA (clearly marked in the income section of the FAFSA) , otherwise your FAFSA can not be accepted.

What Happens Next - The Financial Aid Process

  1. About one week after filing, the institutions you list on your FAFSA form will receive the results of your application. The Kubert School will access this data electronically to prepare your award offer letter.

  2. Students selected for the federal or institutional process called "verification", will receive notification from the Kubert Office of Financial Aid listing materials required to complete the aid determination process.  Requested materials may include tax returns, proof of residency, proof of date of birth, citizenship, copy of social security card, selective service registration (males), proof of marital status, etc. All requested items must be received, before an award determination is made.

How Aid is Applied to Tuition 

All forms of aid are applied to a student's tuition account immediately after the add-drop period and the verification of attendance.  Student's whose aid exceeds their tuition cost will receive a refund check, which is processed by the School.

IRS Data Retrieval Tool for FASFA

Click here to edit your FAFSA and attach your tax return.

Gainful Employment

Gainful Employment Information - Please click here for current information.

Financial Aid Forms

Plus Loan

Click here to apply for a parent plus loan.

FSA Direct Stafford Loans

Notice to Federal Student Loan Borrowers –
The Kubert School processes federal subsidized and unsubsidized Stafford loans under the federal Direct Loan program (DL).   This program allows all student loan borrowers to borrow “electronically directly from the US Department of Education.  

In order to participate in the Federal Direct Loan Program, borrowers are required to follow and complete the below steps:

• Complete the Free Application for Federal Student Aid (FAFSA) –
   (completion required, prior to Step 4.) To apply login to:
   www.fafsa.ed.gov/index.htm
• Complete your “electronic version” Subsidized/Unsubsidized,  Federal
   Direct Loan - Master Promissory Note (MPN) online:
   www.studentloans.gov
• Complete your Direct Loan Entrance Interview online:
   www.studentloans.gov

Note:  All above steps must be completed in order for The Kubert School Financial Aid Office to receive and certify your Federal Direct Loan.
 
What happens after you complete the above steps?
 
• The Financial Aid Office will receive all applications electronically from the Federal Processing Center
 
• Once received, your application will be reviewed. If additional information is needed our office will contact you by mail or your Kubert School email.

• Once the review process is completed, your loan will be certified by our office.

Entrance/Exit Counseling - Financial Aid

Federal Direct Loan student borrowers are required to complete mandatory online entrance and exit counseling. The purpose of the counseling is to provide the student with information regarding their rights and responsibilities; the commitment that comes with the acceptance of a student loan; and to help the student understand how to manage their student loans. It is important for all borrowers to realize that student loans are not grants or scholarships; they require repayment. 

You will need to have a personal identification number (PIN) to access the entrance and exit counseling websites. If you used a PIN to apply for federal financial aid, you should use that PIN to complete entrance and exit counseling. If you have forgotten your PIN and need it reissued or if you need to obtain a PIN, go to www.pin.ed.gov.
If you have any problems completing the online counseling or have any questions, call the Office of Student Financial Aid at (973)361-1327. 
Entrance Counseling:Online entrance counseling is required for all first-time Federal Direct Stafford and Parent PLUS loan borrowers. Entrance counseling takes approximately 20-30 minutes to complete. After signing in on the www.studentloans.gov web site to complete entrance counseling, be sure to click on the Entrance Counseling link. 
The Office of Student Financial Aid receives results of entrance counseling once a week. Federal Direct Stafford and Parent PLUS loans will not disburse until entrance counseling has been completed. 
Exit Counseling: All student borrowers who leave the Kubert School either by graduating, withdrawing, or failing to return for a subsequent semester are required by Federal Law to complete exit counseling on the web at http://www.studentloans.gov. Student borrowers must complete exit counseling to obtain an official transcript, diploma or to register for classes at the Kubert School. 
Exit counseling takes approximately 30-40 minutes to complete. The Office of Student Financial Aid receives results of exit counseling once a week. Official transcripts may be released only after results are received.  
For borrowers of NJCLASS Loans go to www.hesaa.org to review your loan information.

Dependent

Undergraduate Student (excluding students whose parents cannot borrow a PLUS Loan *)

1st Year
$5,500 TOTAL
$3,500 (subsidized)
$2,000 (addl. unsubsidized)

2nd Year
$6,500 TOTAL
$4,500 (subsidized)
$2,000 (addl. unsubsidized-loans)

3rd Year
$7,500 TOTAL
$5,500 (subsidized) $2,000 (addl. unsubsidized)

Independent

Undergraduate Student
-Combining Loan-
(including dependent students whose parents were denied a PLUS Loan)

1st Year
9,500 - Max of $3,500 can be in subsidized loan with an addl. $6,000 Unsubsidized

2nd Year
$10,500 - Max of $4,500 can be in subsidized loan with an addl. $6,000 Unsubsidized

3rd Year
$12,500 - Max of $5,500 can be in subsidized loan with an addl. $7,000 Unsubsidized

Net Price Calculator

Click here for the Net Price Calculator



  • U.S. Department of Labor's Standard Occupation Classification Codes for the students preparing to enter  the workforce are 1125 - Commercial Art and 375 - Cartooning.
  • The on-time graduation rate for students completing the course is 75%.
  • The typical cost of books and supplies is on an average $1,200.  Housing fee is $6,150.
  • The job placement rate for students is 92%.
  • The median loan debt incurred by students who completed the program is $19,500.

NJ Class - Private Loan

NJCLASS allows students to borrow as much as they need to meet the cost of their education after other sources of student aid are exhausted. In addition to tuition, NJCLASS may be used for school related expenses including fees, books, supplies, and room & board. With quick approvals and electronic funds transfer, NJCLASS offers the resources you need when you need them. 


Visit the State of NJ Higher Education Student Assistance Authority (HESAA) for more information.

Veterans - Post 9/11 GI Bill

Effective October 1, 2011, under the new law, eligible students my use the Post-9/11 GI Bill for non-college degree programs. At private institutions, benefits include the actual net costs for tuition and fees. Eligibility levels are dependent on length of service. Students may also be entitled to a books and supplies stipend.


 The Post-9/11 GI Bill allows three separate benefit payments for most students: (1) a tuition and fees payment, (2) a monthly housing allowance equal to the Department of Defense Basic Allowance for Housing provide to service members at the E-5 pay grade with dependents within the same zip code as the student's school, and (3) a stipend for books and supplies.


Please go to the GI Bill website for more information.