Many students find it necessary to borrow money in order to help fund their educational endeavors. While this option is very helpful to students it is important to understand the terms and conditions of the loans before you borrow. At St. John’s College, we take great steps to make sure our students are financially knowledgeable about the funds they accept as part of their financial aid package. Unlike scholarships and grants, loans need to be repaid to the government, institution, or bank depending upon the type of loan being borrowed. The following information is to help you receive a financial education in loans before you borrow and depending on the loan, extra steps may be required before disbursement. As always, if you have questions or concerns about the information provide, please contact the Financial Aid Office.