Federal Financial Aid
As a Colorado State University-Global Campus student, you may be eligible to receive monetary assistance to help cover the costs of your continued education. Many students participate in some form for Financial Aid, which includes scholarships, grants, loans, and other educational programs, as a method of deferring education-related expenses or reducing overall costs. Use the sections below to learn more about financial aid options that are available to you, how to apply for federal assistance, and other information and requirements.
U.S. Department of Education Experimental Site: CSU-Global is currently participating in a project with the U.S. Department of Education that may limit a student’s eligibility for the full amount of Direct Unsubsidized Loans. This experimental program, effective as of the 2013-2014 Winter-C term (starting 1/6/2014), allows the university to reduce the Direct Unsubsidized Loans for students who do not have enough federal student loans to cover all of their program costs. Please email FinancialAid@CSUGlobal.edu if you have any questions about this project or its affect on our students.
CSU-Global Campus is committed to making paying for school easy for its students. There are different types of financial aid for college; Federal Financial Aid includes grants, loans, and military benefits while private loans and scholarships have independent terms and conditions for eligibility requirements. By completing the online application to continue your education, you can help advance your career, not create unnecessary expenses. CSU-Global will work to find a option that works best for you. With 100% degree programs that focus on applied learning and professional development, students gain the experience they need at a price that is affordable.
CSU-Global's low tuition rates and Tuition Guarantee make earning your degree at a public, regionally accredited university finally within reach. If you have any questions about types of college financial aid or other payment options, call 800-462-7845, x2 or email at FinancialAid@CSUGlobal.edu.
Federal Pell Grant
The Pell Grant is a form of gift aid (no service or repayment requirements) with eligibility based on need. To be considered for the Pell Grant a student must complete a Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov annually. Grants are restricted to undergraduates at Colorado State University-Global Campus.
The Federal Pell Grant amount is determined by the Expected Family Contribution (EFC) listed on the Student Aid Report and the student’s enrollment status. Pell Grants are only awarded to undergraduate students working on their first Bachelor’s degree. These awards require the completion of the federal financial aid application process, including the Free Application for Federal Student Aid.
Federal Stafford Loans
The U.S. Department of Education administers several loan programs designed to offer low-interest funding to students who need to borrow money to cover the costs of education. One such program is the Federal Stafford loan program. In order to qualify for a Stafford loan, a student must be enrolled in a status of at least half-time, complete the FAFSA, and submit any other required paperwork.
The Federal Stafford Loan Program is intended solely to aid students pursuing a degree in higher education. Students should borrow only the amount they believe is necessary to pay for educational costs. Keeping the amount of a loan at a minimum will ease repayment.
Subsidized and Unsubsidized Stafford Loans
- A subsidized loan is awarded on the basis of financial need. The federal government pays the interest while a student is in school and during grace and deferment periods.
- An unsubsidized loan is not awarded on the basis of need. You’ll be charged interest from the time the loan is disbursed until it’s paid in full. If you allow the interest to accrue while you’re in school or during other periods of nonpayment, it will be capitalized—that is, the interest will be added to the principal amount of your loan, and additional interest will be based on that higher amount.
Interest Rates and Fees
The Direct Stafford Loan interest rate and origination fees vary depending on the date of disbursement. Please visit http://studentaid.ed.gov/types/loans/interest-rates.
Annual Loan Limits for Stafford Loans
Federal Stafford loans have both annual limits and lifetime limits for what a student is permitted to borrow. These limits are based on an undergraduate’s classification (e.g. Freshman, Sophomore, Junior, or Senior) and whether a student is considered Dependent or Independent, based on results from the FAFSA application. Graduate students do not have Dependent or Independent distinctions, but do have different limits than undergraduate students. Lifetime maximum limit debt allowed includes all outstanding federal Stafford loans borrowed at other institutions.
Dependent Undergraduate Student:
- 1st Year $5,500 – Only $3,500 may be subsidized
- 2nd Year $6,500 – Only $4,500 may be subsidized
- 3rd and 4th years $7,500 – only $5,500 may be subsidized
- Lifetime Maximum Limit $31,000 – only $23,000 may be subsidized
Independent Undergraduate Student:
- 1st Year $9,500 – Only $3,500 may be subsidized
- 2nd Year $10,500 – Only $4,500 may be subsidized
- 3rd and 4th years $12,500 – Only $5,500 may be subsidized
- Lifetime Maximum Limit $57,500 – Only $23,000 may be subsidized
- Each academic year $20,500 – Only $8,500 may be subsidized
- Lifetime Maximum Limit $138,500 – Only $65,500 may be subsidized
Federal PLUS Loans
The U.S. Department of Education also administers a loan program for Dependent students that can be borrowed by the student’s parent. Awarding of this loan is subject to credit approval. Parents, step parents or adoptive parents may apply. Completion of the FAFSA is required for the PLUS loan. Yearly loan limits are calculated at the time the PLUS loan is awarded and are dependent on the student’s Estimated Cost of Attendance. The interest rate and origination fees vary depending on the date of disbursement. Please visit http://studentaid.ed.gov/types/loans/interest-rates.
Federal Graduate PLUS Loans
Graduate students can also qualify for a graduate PLUS loan. Like the Federal PLUS loan, it is subject to credit approval. Yearly loan limits are determined by the student’s Estimated Cost of Attendance. Completion of the FAFSA is not required for the PLUS loan, but is strongly recommended so that eligibility for other types of financial aid may be determined first. Students who receive graduate Stafford loans may not qualify for any graduate PLUS loan. The interest rate and origination fees vary depending on the date of disbursement. Please visit http://studentaid.ed.gov/types/loans/interest-rates.
Many private scholarships for college students are offered each year from various corporations and other organizations. These scholarships must be applied for separately from the federal financial aid application. To be considered, students must meet the eligibility criteria specified by the donor or sponsor and complete any independent scholarship application requirements.
These are some of the free private scholarship search tools available online:
Private student loans are offered through a variety of banks and other lenders. These loans must be applied for separately from the federal financial aid application. Interest rates on private loans generally are offered based on a student’s or cosigner’s credit. It is important to carefully look at a private loan’s terms during the application process as rates and conditions can vary greatly.
To be considered for Federal Financial Aid, students must first be accepted for admission in a degree program. Below is information on how to apply for Federal Financial Aid.
In regards to privately awarded scholarships and loans, CSU-Global Campus can verify enrollment, but cannot always assist in the specific application requirements, terms, and criteria. If you have any questions about financial aid, contact a call 800-462-7845, x2 or email at FinancialAid@CSUGlobal.edu.
Applications for Federal Financial Aid must be completed and processed by CSU-Global Campus ten (10) days prior to the start of each term. Deadlines for upcoming terms are as follows:
- Winter-C: December 27, 2013 (Term Start: January 6, 2014)
- Winter-D: January 24, 2013 (Term Start: February 3, 2014
- Spring-A: February 28, 2014 (Term Start: March 10, 2014)
- Spring-B: March 28, 2014 (Term Start: April 7, 2014)
- Spring-C: April 25, 2014 (Term Start: May 5, 2014)
- Spring-D: May 23, 2014 (Term Start: June 2, 2014)
Federal Financial Aid Application Steps
- Complete a Free Application for Federal Student Aid (FAFSA). Students may apply online at http://www.fafsa.ed.gov. You will need to provide the CSU-Global school code of 042087.
- Once the FAFSA has been processed, students will receive a Federal Student Aid Report from the U.S. Department of Education, which will also be electronically submitted to all the schools listed on the FAFSA.
- Students whose data has been selected for verification will be required to submit a verification form, a signed copy of their Federal income tax return(s), and any other documents requested by the Student Financial Services department prior to being awarded.
- Once all required information is received, eligible students will receive a Financial Aid Package Notification.
Federal Financial Aid Eligibility Requirements
To be eligible for federal financial aid, students must meet all of the following requirements:
- Citizen: Be a citizen of the United States or an eligible non-citizen
- Selective Service: Be registered for the selective service, if required to do so
- High School Diploma or GED: Have a high school diploma or GED, or have successfully completed an Ability to Benefit Test
- Degree-Seeking: Be enrolled as a degree-seeking student
- Not Owe Refund: Not owe a refund on any federal grant, be in default on a federal student loan, or have borrowed in excess of the loan limits under the Title IV programs at any institution
- Academic Good Standing: Maintain good academic standing in your program and make satisfactory progress toward the degree sought (see Satisfactory Academic Progress Policy for more information)
- Enrollment: Be enrolled at least half-time; undergraduates at least 6 credits half-time, 12 credits full-time; graduate students 3 credits half-time, 6 credits is full-time. All credit hour requirements are on a per semester basis
If you have any questions about financial aid, contact an Admissions Counselor at 800-920-6723 or email Admissions@CSUGlobal.edu. Current students with questions about their specific award package should contact their advisor.
Explanation of Your Federal Financial Aid Package
You will be notified if your FAFSA was selected for verification and you will need to provide the required documents needed to verify the information submitted on your FAFSA application.
Once we have received the FAFSA information and any required verification or clearance documentation, you will receive a Financial Aid Package Notification. This notification will ask you to review your package, accept the awards that you would like to receive, and complete the remaining documents necessary for you to receive the aid (i.e. Loans require a Master Promissory Note and Entrance Counseling).
All documents must be submitted within ten (10) days from the date you are notified.
Your Federal Financial Aid package is determined based on your computed Expected Family Contribution (EFC) number with consideration to the estimated cost of attendance for the academic year (as listed below) and any other specific financial aid program requirements. A financial aid package can include a variety of combinations of gift aid and self-help aid. Your federal financial aid package is based on need and award limits; all tuition and fee charges for the academic year may not be covered completely through the Federal Program. The only way for CSU-Global Campus to determine your eligibility is if you apply.
Cost of Attendance
The estimated cost of attendance includes tuition, books, and estimated indirect costs (housing, food, personal expenses, etc.) as well as estimated loan fees. Indirect costs (living expense allowance) are based upon guidance of the suggested monthly amounts from the Colorado Commission on Higher Education (CCHE). As a fully online university, CSU-Global’s cost of attendance, however, does not include transportation and housing is modified to be 50% of the actual amount provided by the CCHE.
Estimated 2013-2014 Cost of Attendance Budgets Based on Eight (8) Months of Attendance
|Cost of Attendance Component||UG Full-Time||UG Half-Time||GR Full-Time||GR Half-Time|
|Credit Hours Expected in AY||24||12||12||6|
|Tuition (based on standard rate as of July 1, 2013)||8,400||4,200||6,000||3,000|
|Total Living Expenses (off campus | with parent)||6,560 | 4,024||6,560 | 4,024||6,560 | 4,024||3,280 | 2,012|
|Total Cost of Attendance (off campus | with parent)||16,880 | 14,344||11,700 | 9,244||13,604 | 11,068||6,874 | 5,606|
Cost of Attendance is based on the assumption that a student would attend all terms of the academic year. If a student chooses to take a term off within an academic year, the cost of attendance would be reduced by two months worth of indirect costs and estimated loan fees. Tuition and book amounts will be based on the credit hours expected for the academic year.
Students who are enrolled less than half-time have a separate cost of attendance, which does not include any housing allowance. Further, students who are living on a military base or who receive Basic Allowance for Housing (BAH) will not have a housing allowance included in their budget. This applies to students where a member of the household (student, spouse, or parent) is receiving BAH during the academic year. Incarcerated students will only have tuition, books, and fees included in their budgets. Original budgets and packaging is based on the assumption that students attend all terms or all eight (8) months of the academic year.
Accepting Your Awards
Now that you’ve been awarded financial aid, the next step is to review your award letter and choose which awards you would like to accept. Accepting your awards means that you are acknowledging that you want to receive the financial aid awarded to you. When you accept a loan, you are accepting the responsibility of repaying these funds. Please note that you do not have to accept the entire award given to you if you do not need it. The Pell Grant is automatically accepted.
To accept financial aid that has been awarded, follow these steps:
- Open your web browser and go to https://mycampus.csuglobal.org/
- Click on the first link, labeled "Student Portal Homepage"
- Log in using your user ID and password
- On the left hand side of the menu you should see a series of links with a green background.
- Click on the link labeled "My Financial Aid."
- Once you've clicked on it you should see a couple of options pop up underneath the green label. Click on the option labeled "Award Letter."
- This will pull up information about your award letter. The award letter shows you all of the awards that you are eligible to receive including grants and loans. Grants are automatically approved if you qualify; however, loans require your acceptance.
- In the loan section you can accept the full amount of each award by clicking on the box all the way on the right hand side of the loan. However, if you want to accept only a portion, there is a text box to the left of the check box where you can enter the amount of the loan(s) you wish to accept. Be sure that you submit the changes for the lower amount.
- Be sure to check all of the awards that you want to accept, then scroll to the bottom of the page click on the "Accept All Awards" button.
Loan Entrance Counseling
The Department of Education requires that every student who accepts a federal Stafford loan first complete Loan Entrance Counseling. Loan Entrance Counseling provides you with important information regarding your rights, responsibilities, and obligations for the student loans you borrow. To complete entrance counseling, go to https://studentloans.gov and click on “Complete Entrance Counseling.” You will need a PIN issued by the Department of Education in order to utilize the loan counseling site. If you do not have a PIN or have forgotten the PIN, please visit the PIN website at http://www.pin.ed.gov.
Master Promissory Note
Students that receive the federal Stafford loan are also required to complete the Master Promissory Note (MPN). The MPN is used to simplify the loan process and only needs to be completed once even if you renew financial aid over multiple semesters (a new FAFSA form is required to re-apply each year). Your MPN includes instructions for deferment, repayment, and interest. You will receive information on how to complete your MPN online after you accept your loan. The Borrowers' Rights and Responsibilities form and disclosure statement will be provided with your MPN. The disclosure statement is a reminder that you will be receiving a loan that must be repaid and includes:
- Loan principal amount
- Origination fee
- Insurance premium fee
- Cumulative principal debt for loans made by your lender
- Actual interest rate
- The name and address of your lender
- Net amount of each scheduled disbursement
- Expected date of each disbursement
Reapplying for Financial Aid
Students must reapply for Federal financial aid every award year by completing the most current FAFSA at http://www.fafsa.ed.gov. Privately awarded financial aid may require additional documentation to continue to receive scholarships and loans. Carefully review your individual financial aid terms and conditions to ensure compliance with eligibility and academic standing while receiving financial aid.
Financial Aid Disbursements
Financial aid awards are divided into disbursements that coincide with the number of remaining terms in the semester. Disbursement of funds will not occur until all of the required paperwork has been completed, the drop/add period for the term has passed, and the student has met the disbursement criteria for the fund source.
- Federal Pell Grant – Funds can be disbursed even if enrollment status is less than half-time.
- Federal Loans– Loans will not be disbursed until a student is enrolled in at least half-time status for the semester. For undergraduate students, attendance in at least 6 credit hours is required. For graduate students, attendance in at least 3 credit hours is required.
The individual plan and schedule for disbursement is detailed in the Financial Aid Package Notification.
In the event that financial aid exceeds all the expenses for a term, a credit balance is created in the amount due back to the student. A check for this difference will be mailed to the student or an Automated Clearing House (ACH) deposit will be initiated to the account on file within 14 days. For ACH deposits, student must have provided the approval form to CSU‐Global Financial Services 10 days prior to the start of the term. It is the student’s responsibility to ensure that the mailing address and account on file are accurate.
Financial Aid Repayment
Loans and some other financial aid types require a student to repay the borrowed amount with interest after graduation or change in student status. For many student loans a grace period of 6 months is typical, but each student loan (federal and private) is different, so contact your lender for specifics on your repayment expectations. Please visit http://studentaid.ed.gov/repay-loans for current about current Federal Loan repayment information.Note: Grants and Scholarships generally do not have to be repaid if a student graduates from their degree program in good academic standing.
You have a choice of several repayment plans that are designed to meet the different needs of individual borrowers. The amount you pay and the length of time to repay your loans will vary depending on the repayment plan you choose. The Federal Student Aid website has Repayment Plans and Calculators for more information about the various repayment plans available to help calculate estimated repayment amounts under each of the different plans. Repayment options and expectations for private loans are available from the specific lender.
Loan Exit Counseling
You should complete Loan Exit Counseling when you have either dropped below half-time, withdrawn from the University, or graduated from your program. Loan Exit Counseling provides important information regarding your rights, responsibilities, and obligations for student loans you borrowed. Exit Counseling prepares you for repayment once you are no longer enrolled at least half-time and provides you with important information regarding your loan history. Loan Exit Counseling is provided through https://studentloans.gov, and this counseling will allow you to view all federal student loans that you have borrowed throughout your education and provides you with estimated repayment information.
Below are some pertinent university policies and procedures as they relate to Federal Financial Aid. Please view the Academic Catalog for a full list of all current official student policies for the university.
Satisfactory Academic Progress Policy
Federal and state regulations require that all students receiving financial assistance meet standards for satisfactory academic progress to maintain eligibility for their financial assistance. In order to comply with these regulations, CSU‐Global Campus has developed the Satisfactory Academic Progress Policy. This policy is designed to measure minimum acceptable academic progress for financial assistance purposes and includes both Qualitative and Quantitative criteria as outlined.
Qualitative and Quantitative Policy Criteria
Satisfactory Academic Progress Policy is designed to measure minimum acceptable academic progress for financial assistance purposes and includes both Qualitative and Quantitative criteria as outlined.
- Cumulative Grade Point Average (GPA): Undergraduate & Degree-Plus students must maintain a cumulative GPA of 2.00. Graduate students must maintain a cumulative GPA of 3.00.
- Repeating Courses: If a student does not receive a passing grade for a course, he/she may repeat the course one time (per course). Only the grade and credit for the most recent attempt will be used in calculating total hours earned and total cumulative grade point averages.
- GPA Calculation: Grades of W (Withdrawal) are not computed in the grade-point average but will count towards attempted hours addressed below.
- Credit Hours Earned: A student enrolled at the University must satisfactorily complete a minimum of 75% of the credit hours attempted. Satisfactory completion is defined as receiving a passing grade of D or better. Any transfer credits accepted by the university will count as completed courses in this calculation. Courses dropped within the drop/add period will not count towards completion percentage.
- Cumulative Credit Hours Limit: Students at the University may earn a maximum number of credit hours while pursuing a degree. Students will be allowed to earn a maximum of 150% of the number of hours required by the degree-granting program. Maximum credit hour limits for each type of degree-granting program are as follows:
- 1st Bachelor’s Degree: 180 semester hours
- 2nd Bachelor’s Degree: 45 semester hours
- Graduate Programs: 54 semester hours
- Please Note: Maximum credit hours earned include hours transferred from other institutions, all attempted credit hours at CSU-Global Campus including repeated courses, and hours earned during a period of academic renewal.
- Withdrawals and Incompletes: A grade of “W” for withdrawing from all or some of a student’s classes and incomplete grades are counted towards the students credit hours attempted. Students who receive incomplete grades are expected to complete the coursework by the end of the following term, unless there is an existing Satisfactory Progress issue.
Failure to Meet Satisfactory Academic Progress Requirements
Satisfactory Academic Progress requirements will not be enforced until the student has attempted 12 credit hours at CSU-Global Campus (students in the undergraduate program) or 6 credits (students in the graduate program). After that point, Satisfactory Academic Progress will be measured at the end of each semester, regardless of the number of credits attempted therein.
Students who do not meet the SAP minimum requirements will be placed on a probationary status for the following semester in which they attempt credits. Students will have one probationary semester in which to meet SAP requirements. At the end of the probationary semester, if students fail to meet SAP requirements, their financial aid will be suspended and they will lose their financial aid eligibility until SAP requirements are again being met, or an appeal for reinstatement has been submitted and approved by the Satisfactory Academic Progress Committee. Appeals from students who are on Academic Suspension will not have their financial aid appeals reviewed until they have received an approval for the academic suspension appeal. Students who have been denied their academic suspension will not have appeals for financial aid reviewed.
If mitigating circumstances exist (e.g. medical withdrawal, death of an immediate family member, call to active duty military, catastrophic event, etc.) an appeal may be submitted up until the Friday before the next semester begins. Appeals submitted after the deadline will not be considered until the following semester. Complete appeal packets will consist of the following documents:
- Financial Aid Appeal Form
- Documentation supporting appeal (i.e. letter from advisor or faculty, medical documentation, obituary notice, graduation planning sheet)
Return to Title IV Refund (R2T4) Policy
Students who are Title IV funds recipients are considered to be withdrawn for financial aid purposes and are subject to the Federal Return of Title IV funds calculation if one of the following conditions applies:
- The student drops all courses during a term and does not submit in writing his or her intent to attend a future term within the academic year.
- The student receives only grades of W, F, or FN for all courses during their academic year.
- The student officially withdraws from the university.
The Return of Title IV funds calculation determines the amount of aid the student earned based on the percentage of time the student participated in coursework during the trimester. If it is determined that the student has not earned the full amount of the financial aid that was disbursed, CSU-Global will return the unearned portion of funds to the U.S. Department of Education. This may create a balance of unpaid charges with the university for which the student is responsible.
The law specifies how CSU-Global must determine the amount of Title IV program assistance students earn if they withdraw from school. The Title IV programs offered by CSU-Global that are covered by this law are: Federal Pell Grants, Iraq and Afghanistan Service Grants, Stafford Loans, and PLUS Loans.
The Return to Title IV calculation is based on the date the school determined the student to have withdrawn.
Official Withdrawals. Students who withdraw for the term or trimester are considered "official" withdrawals for financial aid purposes, and the withdrawal date for the calculation will be the date that the school was notified of the student’s intent to withdraw or the date the student withdraw themselves from all courses within the term or trimester. The calculation for official withdrawals are based on the percentage of time attended in the payment period prior to the date of withdrawal. For students who officially withdraw, and receive grades of W for all courses within a term or trimester, the amount of assistance earned is determined on a pro rata basis using the date of withdrawal. For example, if a student completed 30% of the trimester, they earn 30% of the assistance originally scheduled to receive. Once more than 60% of the trimester is completed, the student earns all the assistance scheduled to receive for that period.
Unofficial Withdrawals. Students who earn all grades of W, F, or FN for a term or a trimester are considered to have "unofficially" withdrawn, and the withdrawal date used for the calculation will be the date that students’ final grades are all posted for that term or trimester. Unofficial withdrawals are subject to a 50% calculation, in which a student may only receive up to half of the total amount of eligible aid for the payment period. Retroactive withdrawals are considered unofficial withdrawals and are subject to that calculation; however, the withdrawal date will be based on the date the student's grade(s) were modified to a W. If a student (or school or parent on the student’s behalf) received less assistance than the amount earned, the student may be able to receive those additional funds. If more assistance was received than earned, the excess funds must be returned by the school and/or the student. Beginning with the Winter 2013-2014 trimester, the last date of academically related activity is used to determine the percentage of aid earned during a term or trimester for all unofficial and retroactive withdrawals.
For students who only receive grades of W, F, or FN for term or trimester, the amount of assistance is based on 50% eligibility. For example, if a student received two F grades in the term, the student would only qualify for 50% of the eligible scheduled assistance.
If the student did not receive all of the funds earned, they may be due a post-withdrawal disbursement. If a post withdrawal disbursement includes loan funds, the student must give permission before the funds can be disbursed. The student may choose to decline some or all of the loan funds so that additional debt is not incurred. Students will receive a letter providing the amount of loan funding they qualify for and must return the signed form in order to receive the post-withdrawal disbursement of loan funds. If a student qualifies for a post-withdrawal disbursement of grant funds, CSU-Global will automatically apply these funds toward tuition and fees; student permission is required to use the post-withdrawal grant disbursement for all other school charges. If the student does not provide permission, the funds will be offered. It may be in the student’s best interest to allow CSU-Global to keep the funds and reduce their debt to the school.
Some Title IV funds scheduled for disbursement may not be disbursed once the student withdraws because of other eligibility requirements. For example, if a student is a first time, first-year undergraduate student and has not completed the first 30 days of their program before withdrawal, the student will not receive any Direct Loan funds that would have normally been received if enrolled past the 30th day.
If a student (or school or parent on the student’s behalf) receives excess Title IV program funds that must be returned, the school must return a portion of the excess equal to the lesser of:
- the institutional charges multiplied by the unearned percentage of your funds
- the entire amount of excess funds
The school must return this amount even if it didn’t keep this amount of Title IV program funds. Funds that are returned to the federal government are used to reimburse the individual federal programs from which a student has received the aid. Financial aid returned (by CSU-Global and/or the student or parent) must be allocated, in the following order, up to the net amount disbursed from each source:
- Federal Unsubsidized Direct Loan
- Federal Subsidized Direct Loan
- Federal Direct PLUS (Parent) Loan or Grad PLUS Loan
- Federal Pell Grant
- Other Federal Loan or Grant Assistance
If CSU-Global is not required to return all of the excess funds, the student must return the remaining portion. Returned loan funds from the student (or parent for a PLUS Loan) must be repaid in accordance with the terms of the promissory note with scheduled payments to the holder of the loan over a period of time.
Any amount of unearned grant funds that the student must return is called an overpayment. The maximum amount of a grant overpayment that must be repaid is half of the grant funds the student received or was scheduled to receive. Students do not have to repay a grant overpayment if the original amount of the overpayment is $50 or less. Students are responsible to make arrangements with CSU-Global or the Department of Education to return the unearned grant funds.
The requirements for Title IV program funds when a student withdraws are separate from any refund policy of the school. Therefore, the student may still owe funds to CSU-Global to cover unpaid institutional charges and may also be charged by CSU-Global for any Title IV program funds that the school was required to return.
Students who have questions about Title IV program funds should call the Federal Student Aid Information Center at 1- 800-4-FEDAID (1-800-433-3243). Text Telephone (TTY) users may call 1-800-730-8913. Information is also available on Student Aid at http://www.studentaid.ed.gov.
Book Allowance Voucher Policy
Students who are eligible to receive Federal Pell Grant, who have submitted all required documentation, and are registered ten days prior to the start of each term will be eligible to receive a Book Allowance Voucher to assist with financial costs of course textbooks. The book allowance voucher program allows students to charge the cost of their books to their student account so that the costs can be covered by their financial aid when it disburses. Pell eligible students must obtain their books by day seven (7) of the term and follow all instructions to participate in the Book Allowance Voucher program. Students who qualify for the Federal Pell Grant will automatically receive the Book Allowance Voucher each term they are registered.
In-School Deferment and NSLDS Reporting Policy
Students who have loans from prior schools may choose to complete the In-School deferment Form (obtained from their lender) and submit it to their advisor. An in-school deferment request will not be certified until the student is enrolled at least half-time for the trimester. Enrollment statuses are reported to NSLDS every 30 days. Students who are not attending courses during a trimester are reported as less than half-time for that trimester. Enrollment status reporting through NSLDS can affect eligibility for in-school deferments and grace periods on federal Direct loans.
Professional Judgments Policy
Students who have unusual circumstances that may affect their financial aid eligibility may apply for a professional judgment. A professional judgment allows the Financial Aid Office to review the student's circumstances and determine if an adjustment to their financial aid package can be made. Students should contact their advisor if they have unusual circumstances in order to apply for a professional judgment.