How To Pay

Complete all steps below to apply for financial aid. Note: There are financial aid options that are not based on need. Most students in the off-campus programs use financial aid to pay for the program. We recommend that you complete these steps as soon as possible to make sure that your payment arrangements are in order by the first night of class. For help, please contact the Financial Aid Office at (708) 209-3113. *Please note: Endorsement Only programs are NOT eligible for Financial Aid. Only degree granting programs are eligible for Financial Aid.

Complete the FAFSA

1

Complete the Free Application for Federal Student Aid at www.fafsa.gov

Students will need to complete the 2017-2018 FAFSA. You will need your 2015 Federal Tax Return, your FSA ID (https://fsaid.ed.gov/npas/index.htm) and Concordia University Chicago’s School Code (001666). Graduate students are considered independent for financial aid purposes.

Review Student Aid Report

2

Review your Student Aid Report (SAR) for accuracy

You will receive this form 7-10 days after the FAFSA is submitted. If there are any errors on your SAR, log back into your FAFSA to make corrections.

Receive Award Letter

3

You will receive your financial aid award letter from Concordia University Chicago

This lists the financial aid that you qualify for. If you wish to decline all or a portion of the award, notify the Financial Aid Office in writing. Be sure to contact the Financial Aid Office if you have any questions about your award.

Complete Loan Requirements

4

Complete Loan Entrance Counseling and the Master Promissory Note

Entrance Counseling is only required for first time Federal Direct Loan borrowers; all borrowers must complete a Master Promissory Note. Both can be completed at www.studentloans.gov (you will need your FSA ID from Step 1).

 

Additional Information

Federal Loan Requirements

To be eligible to borrow funds under the Federal Direct Loan Program, you must:

  1. File the Free Application for Federal Student Aid (FAFSA)

  2. Be a U.S. Citizen or permanent resident

  3. Not be in default on prior educational loans

  4. Maintain satisfactory academic progress

Questions? Call the Financial Aid Office at (708) 209-3113.

 

The Federal (Title One) Teacher Loan Forgiveness Program

If you and your school qualify, this program may provide loan forgiveness for eligible Federal Direct Loans. This is a separate program requiring separate forms and processes. The U.S. Department of Education will determine your eligibility for this program; Concordia University Chicago is not responsible to verify your eligibility for this program. Please do not base your enrollment on this program, as it can be difficult to ensure qualification for government programs which are subject to reform and funding changes.

You must call 1-800-4-FED-AID to verify your eligibility or visit https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/teacher for more information.

Applying for Financial Aid

Complete all steps below to apply for financial aid. Note: There are financial aid options that are not based on need. Most students in the off-campus programs use financial aid to pay for the program. We recommend that you complete these steps as soon as possible to make sure that your payment arrangements are in order by the first night of class. For help, please contact the Financial Aid Office at (708) 209-3113.
*Please note: Endorsement Only programs are NOT eligible for Financial Aid. Only degree granting programs are eligible for Financial Aid.

1

Complete the Free Application for Federal Student Aid at www.fafsa.gov

Students will need to complete the 2017-2018 FAFSA. You will need your 2015 Federal Tax Return, your FSA ID (https://fsaid.ed.gov/npas/index.htm) and Concordia University Chicago’s School Code (001666). Graduate students are considered independent for financial aid purposes.

2

Review your Student Aid Report (SAR) for accuracy

You will receive this form 7-10 days after the FAFSA is submitted. If there are any errors on your SAR, log back into your FAFSA to make corrections.

3

You will receive your financial aid award letter from Concordia University Chicago

This lists the financial aid that you qualify for. If you wish to decline all or a portion of the award, notify the Financial Aid Office in writing. Be sure to contact the Financial Aid Office if you have any questions about your award.

4

Complete Loan Entrance Counseling and the Master Promissory Note

Entrance Counseling is only required for first time Federal Direct Loan borrowers; all borrowers must complete a Master Promissory Note. Both can be completed at www.studentloans.gov (you will need your FSA ID from Step 1).

 

Federal Loan Requirements

To be eligible to borrow funds under the Federal Direct Loan Program, you must:

  1. File the Free Application for Federal Student Aid (FAFSA)

  2. Be a U.S. Citizen or permanent resident

  3. Not be in default on prior educational loans

  4. Maintain satisfactory academic progress

Questions? Call the Financial Aid Office at (708) 209-3113.

 

The Federal (Title One) Teacher Loan Forgiveness Program

If you and your school qualify, this program may provide loan forgiveness for eligible Federal Direct Loans. This is a separate program requiring separate forms and processes. The U.S. Department of Education will determine your eligibility for this program; Concordia University Chicago is not responsible to verify your eligibility for this program. Please do not base your enrollment on this program, as it can be difficult to ensure qualification for government programs which are subject to reform and funding changes.

You must call 1-800-4-FED-AID to verify your eligibility or visit https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/teacher for more information.