As of September 2017, the Federal Perkins Loan Program has expired. No new Perkins Loans can be awarded to students beyond the 2017-2018 academic year. Students will receive information about repayment of Perkins Loans at the time they graduate or are no longer enrolled at least half-time.
The Federal Perkins Loan is a low-interest rate loan made to qualifying ֱ students. ֱ is the holder of your loan. The interest rate is 5 percent and the repayment term is 10 years.
You must begin to repay your loan once you graduate, leave school, or drop below half-time enrollment status. You are allowed a grace period before beginning repayment. If your loan is newly activated (entering the repayment cycle), you have nine months before interest begins to accrue on your loan and 12 months before your first payment is due.If you return to school, your loan will go back into a deferred status until you leave that institution.
The terms of your promissory note provide for an assortment of benefits. You must, however, provide proper documentation to be eligible for these benefits.
Deferments and cancellations must have the original signatures of the certifying official and, in most cases, the institution’s seal or stamp. More information and appropriate forms can be found here:
Please return the form directly to JCU at:
ֱ
Attn: Perkins Loans
1 ֱ Blvd
University Heights, OH 44118
If needed, contact Roberta Roth at 216-397-4436.
1098-Tand Tax Credits
Electronic Delivery Option –When a student logs into their billing portal for the first time a pop-up will appear regarding Electronic Delivery option for the 1098-T. If a student selects “accept consent,” their 1098-T will be uploaded to the billing portal. If a student selects “I do not consent,” a paper copy will be mailed to their permanent address and uploaded the billing portal. This pop up will appear every log-in until a selection is made. To make changes to this selection students should contact the cashier’s office at 216-397-4494.
To access your 1098-T:
- Student access
- Log into yourand click on ‘Student Financial Services’ and then ‘My Student Account’ to:
- View 1098-T Statement
- Log into yourand click on ‘Student Financial Services’ and then ‘My Student Account’ to:
- Parent access
- Log in here:
- View 1098-T Statement.
- Log in here:
- Direct website access
Regarding the 1098T Form:
New legislation requires that ֱ reports payments received for qualified tuition and related expenses (QTRE) in Box 1 on IRS Form 1098-T, rather than reporting the amount billed in Box 2. Scholarships and Grants are reported in Box 5. We do not provide duplicates of Form 1098-T. Students can sign into their account to obtain a copy.
Taxpayers can elect anAmerican Opportunity Tax Credit(formerly named Hope Scholarship) or aLifetime LearningTax Creditfor eligible education expenses.The American Opportunity Tax Creditis available to eligible students in their first and second years ofcollege. Students beyond theirfirst two years of college may be eligible to claim theLifetime Learning TaxCredit. The issues affecting computationof these tax credits are extremely complex and will vary significantly byindividual taxpayer. Consequently, ֱ is not able to provide taxadvice. ֱ provides the information prescribed tax information on IRSForm 1098T. We recommend you opt for the electronic delivery option, above. Electronic delivery alsoallows you to print copies as needed.
The Internal Revenue Service’s helpline telephone number is 800.829.1040.
Information regarding the use of the tax credit is also available on JCU’s helpline at 216-397-4477.
The American Opportunity Tax Creditand theLifetime Learning Tax Creditare claimed on an individual’s tax return onEducationCredits. If the current year’s form is not available on our site, please check at.
What is new in the American Opportunity Tax Credit?
The term “qualified tuition and related expenses” has been expanded to include expenditures for “course materials.” For this purpose, the term “course materials” means books, supplies, and equipment needed for a course of study whether or not the materials are purchased from the educational institution as a condition of enrollment or attendance.Save your textbook receipts to claim your tax credit.
For moreinformation from the IRS,.
The Employer Reimbursement Program (ERP) is open to part-time students only. The student must be eligible to participate in their employer’s tuition reimbursement program.
It is offered for fall and spring semesters only. At time of enrollment in this program, the student must complete the application form, pay an application fee of $10, and provide us with a letter from the employer stating the terms of the company’s tuition reimbursement policy and student’s current authorization to participate in it.
The above items must be submitted together. Enrollment in this program closes two weeks after each semester begins.
To download the application form, .
Please contact Jenna Seifried 216-397-4494, for questions regarding the ERP Program.
ATM
Two cash dispensing machines are located across campus. Cash withdrawals and account transfers can be made in the Schott Atrium of the D.J. Lombardo Student Center or on the ground floor of the Administration Building.
Cash Check
Checks may be cashed in the Student Service Center (Rodman Hall 129) in the amount of $25 per day for students and $50 per day for employees. You must present a valid ֱ identification card to cash a check. ATM machines are located in the Schott Atrium of the D.J. Lombardo Student Center and the ground level of the Administration Building.
Carroll Card, ID Card
The Carroll Card is the official University identification card for students and employees. Visit the Carroll Card website for detailed information.
Credit Card
Although the University does not process credit card payments directly, MasterCard, Visa, and Discover payments can be made through your .
Holds, Registration, and Graduation
An unpaid student account will carry a hold. The hold prevents the student from incurring more debt by precluding registration for additional semesters. Transcripts and grades will be held for any unpaid balance on the student account. An unpaid balance will prohibit a student from graduating or receiving a diploma.
Mail payment for tuition and fees to:
ֱ Cashier’s Office
1 ֱ Carroll Boulevard
University Heights, Ohio 44118
Please include the student name and identification number on your check.
Refunds
Student accounts with credit balances are reviewed each week for refunding purposes beginning the first week of the semester. Refund resulting from a check payment will be released after three (3) weeks. Students should review their Title IV permissions in Student Profile. These permissions instruct the University to either hold or refund the excess funds on their student account.
How to Set Up Direct Deposit
The Student will sign into their Student Profile, select the Student Financial Services tab, and click on “My Student Account.” Once billing portal has opened click on “electronic refund” tab and then enter in your bank account information.
Please Note: When making an ACH payment, you will have the option to set up that account as a refund account. If you check that box it will override your previous refund account.
Tuition Benefits
Employees may earn tuition benefits for themselves and their immediate family members. Details on these benefits are in the Employee Handbook published by the Office of Human Resources.