Jewish Day School/Preschool Loan Application Rules and Guidelines

A copy of the Financial Aid application package submitted to the Jewish Day School/Preschool must be provided or a letter from the Jewish Day School/Preschool stating that financial aid is unavailable.

Rules & Guidelines:

  1. Jewish Day School/Preschool loans are for fulltime enrollment in a Jewish Day School or Preschool Program. “Sunday School” or part time Hebrew school programs are not included.
  2. Amount of Loan is not to exceed the lessor of i) $5,000 per child per year (limit: two children per family) or ii) up to 50% of tuition (limit: two children per family). Max terms are 12 months with option to renew twice. Reapplication to the program is permitted every three years.
  3. Each loan application must contain the following supporting documentation: a) Documentation of need (copy of financial aid application submitted to the school, or letter from the school stating no financial aid is available.) and b) a copy of the billed tuition cost must be provided.
  4. Once the initial loan is approved, renewal requests must be submitted with all supporting documentation for each subsequent year the child is enrolled in school (max 2 additional renewals per child). Only loans that are paid in full will be eligible for renewal.
  5. Loan Specific borrower and guarantor qualifications
    1. The applicant must be a parent or guardian of the child attending the Jewish Day School/Preschool program. The spouse of the applicant must complete the application and promissory note as a co-borrower and may not be used as a guarantor.
    2. A minimum of two (2) qualified guarantors are required for these loans.
    3. Guarantors cannot reside at the same address as the borrower or any other guarantor (spouses are exempt from this clause).


The borrower will be expected to begin repayment 30 days after obtaining the loan. The loan is to be repaid in equal payments to be completed by July 31 of each year in order to exercise the option to renew.

Processing Steps To Follow:

  1. The borrower or borrowers must complete a) his or her portion of the DHFLA loan application  in detail and b) sign the promissory note. The specific terms of the promissory note (commencement date and payment amounts) must be left blank and will be filled in by DHFLA at the time the loan is approved.
  2. Guarantors must complete their portion and sign the guaranty agreement, and the guarantor’s information release authorization form. Note: Original signed documents are required, no faxes or emails are accepted.
  3. Once the application has been filled out in detail, the borrower may deliver or mail the application to the DHFLA office . He or She will be contacted for a personal interview.