JBridge is a not-for-profit organisation established by JCA to facilitate affordable interest-free payment plans (JBridge plans) for parents wishing to send their children to a participating Jewish Day School in NSW. JBridge has been generously funded by a select group of major community donors who form part of The Giving Forum.
A JBridge plan is a means-tested interest-free deferred payment plan, available to eligible families, to help them afford an education at a participating private primary Jewish Day School.
JBridge plans may be made available to parents who satisfy the following criteria:
– their child/ren are entering a participating Jewish Day School in NSW
– their child/ren will be in any of years K-6 (ie. primary school)
– on completing the required financial application, are assessed as having the financial capacity (and an acceptable credit record) to pay the reduced upfront school fees and meet the agreed deferred repayments
– their child/ren are eligible to enrol and are accepted into one of the participating Jewish Day Schools
– they have a combined net household income of between $75,000 and $350,000 per annum.
Initially, JBridge has been established for primary school education at participating Jewish Day Schools in NSW only. At some point in the future, this may be expanded to include high school.
Currently, JBridge plans are available to those childen who wish to attend the primary schools of: Emanuel School, Kesser Torah College, Masada College, Moriah College and Mount Sinai College.
JBridge plans are currently only available to eligible children entering the Jewish Day School system for the first time (children currently attending Jewish pre-schools who are not enrolled at a Jewish primary school are eligible to apply).
There is a limited pool of funding available to provide JBridge plans. JBridge will try to facilitate as many applications as possible, subject to the funding constraints.
All eligible children can be included in the one application. You do not need to complete a separate application for each child.
Eligibility for a JBridge plan is means-tested. Repayments are also means-tested. There is no interest charged on JBridge plans and repayments are not indexed to take account of inflation. The amount and frequency of deferred payments are means tested and re-evaluated each year. This ensures that repayments are affordable.
The upfront school fee amount is reduced, but over time, the full school fees will be paid. It is important to note that this is an interest free deferred payment plan, not a fee subsidy.
The deferred payments are determined by JBridge on the basis of means-testing and subject to agreement with you. The repayment frequency can be weekly, monthly or as mutually agreed.
The deferred payment plan is means-tested on an annual basis. As such, if your financial circumstances change, this may be reflected in an amended repayment plan.
Applications for JBridge plans for the 2018 and 2019 academic year are currently open for new children entering into the Jewish Day school system.
Your application is assessed by a committee of JBridge. The Committee bases its decision on the information provided in your application and the annual amount of JBridge funds available.
You can do an assessment of your eligibility via the anonymous eligibility calculator on this website. If you are assessed as eligible for a JBridge plan, you will need to complete the full online application form found on the website. In the online application form you will need to provide sufficient financial details for the JBridge committee to assess your financial capacity (and credit record) to repay the deferred payments and associated school fees. Once your application has been assessed, you will be notified of the outcome and if successful, you will be required to complete the relevant JBridge participation agreement in order to finalise your enrolment with your chosen school. You will need to approve a direct debit arrangement to facilitate your agreed repayments.
Yes, your application information is confidential and is only seen by members of the JBridge committee and external third-party information providers and processors contracted by JBridge to perform certain functions (eg. credit check). Such third-parties are bound by strict confidentiality arrangements.
When your child completes primary school your financial circumstances will continue to be re-assessed each year and any remaining repayments to JBridge will be re-evaluated on a means-tested basis. This annual process will continue until all your outstanding JBridge deferred fees have been repaid. In certain circumstances, your repayment period may extend past your child leaving high school. Currently no JBridge plans are available for high school.
JBridge plans are available for up to 50% of the base school fees (i.e. excluding levies) at the participating Jewish Day School of your choice.
The calculations have been based on the 2018 published school fees as shown below:
|School||Emanuel School||Masada College||Moriah College||Mount Sinai College|
JBridge plans are interest free, with no indexing of outstanding balances.
Owning your own home does not mean you cannot receive a JBridge facility. While some schools may not provide a subsidy to families who own property (either your primary residence or investment property), JBridge will not exclude you from JBridge eligibility. We assess eligibility for JBridge facilities primarily on your ability to pay both your portion of the school fees directly to your chosen school and your ability to make your agreed monthly JBridge repayments.
JBridge plans are available for every year of primary school subject to you meeting the eligibility criteria.
The repayments on your JBridge plan are means-tested and re-assessed annually. In certain circumstances the repayment period can extend up to four years after your child’s high school graduation.
The minimum monthly JBridge repayment is $100 per month.
You are required to update your financial position on an annual basis for means-testing purposes and to meet ongoing eligibility requirements.
Provided you meet your obligations in relation to your agreed JBridge plan, you will not be liable for any fees. If you do not meet your agreed repayments, administration charges may apply to cover the associated costs.
After assessment by a third-party independent financial agency contracted to JBridge, your JBridge plan is assessed by a JBridge committee.
As part of the JBridge application process, we seek your approval to share information with a third-party service provider to conduct your credit check. Any third-party service provider is subject to confidentiality. Your credit assessment is not recorded against your credit record.
If your child leaves the participating Jewish Day School for which your JBridge plan was provided, you will no longer be eligible for a new JBridge facility (unless that child moves to another participating school). Repayments on your existing JBridge plan will continue, and will be reassessed annually. Should you leave a participating school to attend a non-Jewish Day School, any fees paid to the new school are not taken into account when determining your gross monthly expenses for the purposes of means-testing. As such, your annual JBridge repayments may increase and your repayment period may be shorter.
Once the relevant school enrolment is complete, you will be asked to complete a debit order agreement to facilitate your weekly, fortnightly or monthly agreed repayments to JBridge.
The deferred amounts under the agreed JBridge plan are paid to JBridge (as collecting agent for the school). The non-deferred amounts are payable directly to the school.