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Financial FAQ

Financial FAQ

1. What types of Financial Aid are available?

All Douglas J campuses participate in the Federal Direct Student Loan programs as well as the Pell Grant program. Qualifying students may receive Pell Grants, Subsidized and Unsubsidized student loans and parents of dependent students may apply for the PLUS loan.

2. Do I have to pay back my financial aid?

Pell Grants are gift monies you do not pay back. All student and parent loans must be paid back.

3. When do I have to begin my payments?

Repayment of student loans is not required until the student has been out of school for 6 months. Parent PLUS loans usually begin repayment while the student is in school, however payments may be deferred.

4. How much financial aid can I get?

The information submitted on the FAFSA has a direct bearing on what type and how much financial aid a student/parent may receive. Since this is determined on an individual basis, you will need to submit your FAFSA then contact your nearest Douglas J campus to arrange a meeting with one of our financial aid coordinators. A personalized financial plan will be developed for you and explained in detail.

5. What is the difference between a Subsidized and an Unsubsidized loan? 

To speak of differences, let's start with what is common between the two loans.

The difference between the Subsidized and Unsubsidized loan is in the way the interest is managed.

6. What if I don’t have enough financial aid to pay for my school?

Douglas J has a financial plan for everyone. During your financial aid meeting, we will discuss all available payment options to find one that works for you.

7. How do I apply for financial aid?

Click here to find the Free Application for Federal Student Aid (FAFSA). The FAFSA applies for all Federal financial aid programs and is best submitted electronically using your PIN to sign the document. See our Apply for Financial Aid for more information.

8. How do I apply for a PIN

Parents and students can apply for a Federal Student Aid PIN by clicking here. You can also use this website to request a duplicate PIN in case you forgot your PIN.
If you create your own PIN, once your submit your request, you may use your PIN to immediately sign your FAFSA. If you request a PIN be created for you, you will need to wait 3-5 days until the PIN is emailed to you before you may use it to sign your FAFSA.

9. How do I get my information to your school?

When you fill out the FAFSA, you can enter up to 10 schools to send your FAFSA to. Douglas J’s school codes are:

Michigan/Tennessee campuses: 025882
Illinois campus: 041410

10. When will I know how much financial aid I get?

After you submit your FAFSA, you will want to contact your Douglas J campus to let them know you are interested in attending and have included Douglas J as one of your schools on the FAFSA. At that time, you’ll be scheduled for a ‘Career Counseling’ session. Once you and your admissions coordinator determine Douglas J is the school for you, your appointment with financial aid will be scheduled. Your financial aid coordinator will use information from your FAFSA to create a customized financial plan to meet your needs.