![]() ![]() Students are encouraged to set up Direct Deposit, via EFT, to receive the excess funds posted on their CSU Student Account. If funds are in excess of account charges, a credit balance (stipend) will be issued within 14 days of disbursement. Funds are applied to tuition and fees first. Funds will disburse on day 14 of the term if a student still meets all eligibility requirements. Disbursement of Financial Aidįinancial aid is disbursed in four payments over the academic year (one disbursement each term). An Entrance Counseling Demo and an Exit Counseling Demo are available online as well. You will need your Student Aid PIN to access Entrance and Exit Counseling. Entrance Counseling and Exit Counseling are completed online. Exit Counseling provides important information you need to prepare to repay your Federal Student Loan(s). Exit Counseling is required when you graduate, leave school or drop below half-time. Below is an example for various Federal Student Loan amounts on a standard repayment schedule with a 10-year repayment period at the interest rate of 5.05%.Įxample Monthly Repayments Amount BorrowedĮntrance and Exit Student Loan CounselingĮntrance Counseling is required before you can receive your first Direct Subsidized Loan or Direct Unsubsidized Loan as an undergraduate or graduate student, or your first Direct PLUS Loan as a graduate/professional student. The terms of a student loan can vary depending on loan servicer, type of loan, interest rates, automatic payments and amount borrowed. Students and parents may view their loan record history online at. National Student Loan Data System (NSLDS)įederal Student Loan records of students and parents will be submitted to the National Student Loan Data System, and will be accessible by guaranty agencies, lenders and institutions determined to be authorized users of the data system. For information on student loan repayment, please visit How to Repay Your Loans. ![]() More information on Federal Student Loans is available at Student Loan Information. Entrance Counseling and a valid Master Promissory Note must be on file prior to disbursing Federal Student Loans to any student. Students are required to complete this requirement online at the Student Aid website. Student Loan InformationĪll students interested in receiving a Federal Direct Loan are required to complete a Master Promissory Note and Entrance Counseling. The Verification Policy is available at Policies and Procedures. Columbia Southern University must also verify any application the university has reason to believe is incorrect or discrepant. Verification RequirementsĪ percentage of financial aid applicants are selected for verification based on edit checks which identify inconsistencies and/or potential errors. Information on Federal Student Aid eligible programs is available at Eligible and Ineligible Programs. Information on applying for Federal Student Aid to attend CSU is available at How to Apply. In order for a student to receive Federal Student Aid to attend CSU, he/she must be eligible to receive Title IV, admitted unconditionally to the University and enrolled at least half-time in an approved undergraduate or graduate degree seeking program. They may apply online by completing the Free Application for Federal Student Aid. Students must apply for Federal Student Aid every year. Paper copies of this information are available from the Office of Financial Aid, which can be contacted at 80 Ext. More information is available at Federal Student Aid Programs. Federal Student Aid is awarded based on the results of the Free Application for Federal Student Aid (FAFSA). ![]() Pell Grants are awarded to students who demonstrate financial need and who have not yet earned a bachelor or professional degree. A federal Pell Grant, unlike a loan, does not have to be repaid. Department of Education rather than a bank. Federal Direct Loans (Student Loans) are low-interest loans that assist students and parents in paying for post-secondary education. Federal Student Aid is available in the form of grants and loans. CSU provides students with a variety of scholarship opportunities. Institutional and Financial Aid InformationĬolumbia Southern University offers financial aid resources to assist students in funding their college education.
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