Title IV Financial Aid Programs
2020 / 2021 Award Year
Our goal is to expedite and simplify the application process for financial aid. Please contact the Financial Aid Office with your questions and to schedule an appointment. For more information, see our Financial Aid FAQ’s or visit studentaid.ed.gov.
Federal Pell Grant
Award amount from $538 to $5,196. The Federal Pell Grant is money awarded to eligible students that does not have to be paid back. Eligibility for the grant is based on 2019 income as well as other factors. Students who have received a Bachelor’s degree are ineligible to receive the Pell Grant. Monies are awarded per payment period (1st half and 2nd half of the program) and applied directly to college tuition and fees.
Federal Direct Loans
This need-based loan program provides funds to eligible students, and is required to be paid back. Interest on this loan is subsidized by the federal government while the student is enrolled in school at least half-time. Principal repayment of the loan begins after the six-month grace period. Eligibility is based primarily on 2019 income.
This loan program is not need-based. Interest on this loan is accrued on the day of disbursement, but can be deferred. If the interest is deferred, it may be capitalized (added to the principal amount borrowed). Principal repayment of the loan begins after a six-month grace period following the student’s graduation or last day of attendance.
Federal PLUS Loans
Loan amount is based on remaining need or more as student budget allows. The PLUS loan (Parent Loan for Undergraduate Students) is available to eligible parent(s) of dependent students. Both the interest and principal repayment begin upon the student completing the program or their last day of attendance. The lender will perform a credit check on the parent(s). If the parent(s) is/are declined for the PLUS loan, the dependent student may apply for additional direct loans up to independent student award limits.
We accept Corporate / Tuition Reimbursements, which is money that employers contribute to the employee’s continuing education. The amount of money contributed varies with employer.
Code of Conduct for Education Loans
CSHA is responsible to publish a code of conduct that prohibits a conflict of interest with the responsibilities of an agent of the school. All agents with responsibility for loans must be informed annually of the provisions of the code. The code of conduct must prohibit:
- Revenue-sharing arrangements with any lender
- Receiving gifts from a lender, a guarantor, or a loan service
- Contracting arrangement providing financial benefit from any lender or affiliate of a lender
- Directing borrowers to particular lenders, or refusing or delaying loan certifications
- Offers of funds for private loans
- Call center or financial aid office staffing assistance
- Advisory board compensation