Financial Aid Services

Title IV Financial Aid Programs
2023 / 2024 Award Year

Our goal is to expedite and simplify the application process for financial aid. Please contact the Financial Aid Office with your questions or visit studentaid.gov.

Federal Pell Grant

Award amount from $614 to $5,916.  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 2021 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

Subsidized
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 2021 income.

Unsubsidized
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.

Corporate Reimbursement

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

Financial Aid Links

• To complete FAFSA, please click here.
• For disclosures, please click here.
• To complete MPN, please click here.
• For a repayment calculator, please click here.

Return to Title IV Aid Policy

Title IV Federal Student Aid (FSA) funds include: Pell grants, William D. Stafford Direct Subsidized and Unsubsidized Federal Loans, or Parent Loans for Undergraduate Students (PLUS).

If a student withdraws from CSHA and the student received Title IV Federal Student Aid (FSA) assistance during the payment period for which the Return to Title IV refund must be calculated, CSHA must determine the amount of Title IV funds a student has earned at the time of withdrawal using the Return to Title IV (R2T4) funds formula. The Title IV FSA program rules may require a return to the Federal government of all, or a portion of, the amounts disbursed during the term. The amount of FSA assistance earned by a student is based on the following formula:

Clock Hours Scheduled to be Completed through the Last Date Attended (Numerator)
Total Clock Hours in Payment Period (Denominator)

Note: Scheduled breaks of at least five consecutive days are excluded from the total number of calendar days in the numerator and denominator. The calendar days on an approved Leave of Absence are excluded from both the numerator and denominator. Percentages are calculated to the fourth decimal place.

Based on the calculation, through the 60% point in each payment period, scheduled hours are used to determine how much Title IV FSA funding the student has earned at the time of withdrawal. After the 60% point, a student has earned 100% of the Title IV FSA funds.

Title IV FSA funds that require refunds are credited in the following order:

• Unsubsidized Direct Stafford loans (other than Graduate PLUS loans)
• Subsidized Direct Stafford loans
• Direct PLUS
• Federal Pell Grants

Return of Unearned FSA Funds CSHA must return the lesser of the following:

• The amount of FSA Program funds that the student does not earn; OR
• The amount of institutional costs that the student incurred for the period multiplied by the percentage of funds that were not earned. Earned means the percentage of funds that were earned over time (during the payment period) by the student. 

If there are additional FSA funds that must be returned as indicated on the completed R2T4 calculation, the student must return or repay, as appropriate:

• Any FSA loan funds in accordance with the terms of the loan;
• Any remaining unearned FSA grant (Not to exceed 50% of the grant as an overpayment of the grant; the school currently refunds the Student Grant Overpayment on behalf of the student.)

If a student earned more aid than was disbursed, CSHA may owe the student a Post-Withdrawal Disbursement (PWD) which must be paid as soon as possible, but no later than 180 days from the date the school determined the student withdrew (for loans) or no later than 45 days from the date the school determined the student withdrew (for grants). The school is required to notify the student in writing within 30 days of the date it determined that the student withdrew that the student is eligible for a PWD of Title IV loan funds; however, if the student (or parent in the case of a PLUS loan) is eligible to receive a PWD of loan funds, the student or parent borrower must first confirm in writing whether the student accepts/declines all or some of the loan funds offered as a PWD. A PWD of Federal grant funds does not require student acceptance or approval and the grant funds may be applied directly to the student’s account in order to satisfy tuition and fees, or to the student. CSHA will seek the student’s authorization to use a PWD for all other educationally-related charges in addition to tuition and fees.