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The CCU Enrollment Services Office provides assistance with your student finances, including financial aid, student account information and tools to achieve your education goals. Financing your education involves careful decision making. Begin the financial aid process early to ensure that your aid will be in place by the time you are ready to begin classes.

Getting Started

The Free Application for Federal Student Aid (FAFSA) establishes your eligibility for financial aid by collecting data about your family's income, assets, size, and number in college. The results of the FAFSA will determine your eligibility for Federal Direct Loans. The FAFSA can be found online at fafsa.gov. The application must be filed annually and it is available each year beginning on October 1.

When you complete your FAFSA online, you will sign the application using your FSA ID comprised of a username and password. Your FSA ID confirms your identify when you access your financial aid information and electronically sign Federal Student Aid documents. Create your FSA ID at fsaid.ed.gov

Be sure to include Cincinnati Christian University in the school section of your FAFSA. Our Federal School Code is 003029. This will enable Enrollment Services to receive your FAFSA results electronically from the Federal Processor.

Maintain good records with regard to your financial aid application. Carefully complete all information, and keep a copy for your files.

Should I apply?

Financial aid for graduate students includes Federal Direct Unsubsidized Loans. You cannot obtain a federal loan unless the FAFSA has been completed.

Even if you do not plan to take out a loan, it may benefit you to fill out the FAFSA. Occasionally unforeseen situations will arise that create a financial need. By completing your financial aid file early, you will be better prepared for an emergency.

Your Award Letter

After receiving your FAFSA, the Enrollment Services staff will contact you if additional information is needed to complete your financial aid file. Your Award Packet will be mailed to you approximately two weeks after your file is complete. The Award Packet will include a letter detailing your financial aid eligibility. It also will include further instructions for completing the financial aid process.

Types of Financial Aid

Grants/Scholarships - Free money awarded based on merit, ability, or personal characteristics. Due to reductions in pricing of Seminary classes, CCU does not provide scholarships for Seminary students.

Federal Direct Student Loans - Low-interest loans available to students who are accepted for admissions into a graduate-degree program. You must enroll in at least 5 credit hours per semester to borrow a Federal Direct Loan. No credit check is required. Repayment on the loan begins six months after you graduate or drop below half time. 

 

How do I obtain a Federal Direct Unsubsidized Loan?

You must complete the FAFSA to begin the Direct Loan process. The FAFSA results enable Enrollment Services to determine your loan eligibility. You will receive an Award Letter detailing your federal loan eligibility and the exact steps for obtaining a Federal Direct Loan.

Additional Facts about Federal Direct Loans

The Federal Government deducts a loan fee from each federal loan disbursement, which means the amount of money you borrow will be more than what you receive. The federal loan fee is 1.062% for Federal Direct Unsubsidized Loans first disbursed on or after October 1, 2018 and before October 1, 2019. 

The maximum amount a graduate student may borrow through the Federal Direct Loan program is $20,500 per year. You are responsible for paying all interest on your Unsubsidized Loan. Although payment of the loan is not required while you are in school, the interest will accrue during this time and increase your indebtedness. You have the option of paying the interest as you go to help keep your loan debt to a minimum. The interest rate for Unsubsidized Loans disbursed to graduate students between July 1, 2018 and June 30, 2019, is fixed at 6.6%.

All students who wish to borrow Direct Loans must complete Loan Entrance Counseling and sign a Master Promissory Note before any loans may be disbursed. The Entrance Counseling helps to ensure you understand your rights and responsibilities as a Direct Loan borrower. the MPN is a legal document in which you promise to repay your loan(s) to the US Department of Education. It also explains the terms and conditions of your loan(s).

Instructions for completing the online Entrance Counseling and MPN will be provided with your financial aid award packet.

Federal loan funds are sent directly to CCU via electronic transfer.

 

Processing of Financial Aid

Financial aid funds will be applied to your student account at various time starting on the first day of the semester, after verification of enrollment and upon receipt of funding from the Department of Education. Most federal loans are applied within the first three weeks of the semester. Institutional grants, scholarships, and discounts are applied after the add/drop period, generally about 4-5 weeks after the start of the semester. 

Billing Method

Upon registering for classes, housing and meal plans at CCU, your incur a financial obligation for the cost of these services and all related charges. Charges are added to your student account. Student-account information (including charges, financial aid and payments) is available to you through CCU's web-based Student Account Center (SAC). The SAC provides real-time updates of all account activity.

All billing is communicated electronically through the SAC, so you will not receive a paper bill in the mail. Each month a reminder will be sent to your university email account when a new billing statement posted to the SAC. You may share account access with parents, spouse or other sponsors through the SAC.

Payment Due Date

Bills for Spring 2019 will be posted to the Student Account Center beginning in December. Payment arrangements for Spring 2019 must be completed by January 8, 2019.

A late payment fee of $100 will be added to your account if you have not completed payment arrangements by the due date. Monthly finance charges (1.25% per month; 15% APR) are added to unpaid account balances. In addition, blocks are placed on student accounts with unpaid balances. An account block keeps you from registering for future semesters and prevents you from receiving grades, a transcript or your diploma.

If your account is delinquent after 90 days, it will be placed with a collection agency. You will be responsible  for paying all fees and expenses incurred by CCU in the collection of your account balance.

Payment Methods

Financial Aid - includes loans, grants, scholarships

Payment - 529 Savings Plan, online payment (through Student Account Center), office payment (cash, check or credit card) 

Monthly payment plan - through Student Account Center

Third-party payment - includes outside scholarship, state vocational assistance, military tuition assistance

Monthy Payment Plan

CCU's monthly payment allows you to pay your bill in smaller, more manageable monthly installments. The cost for the monthly payment plan is a $35 per semester enrollment fee. CCU partners with Tuition Management Systems to offer the monthly payment plan through the Student Account Center. Use the payment plan to pay your entire bill or the balance that remains after financial aid is applied. Payment for all plans is due the 25th of each month.

Fall Semester plans available: Choose 6, 5, 4 or 3 monthly payments.  Six-month plans begin in May, with shorter plans beginning in successive months. The final payment is due on October 25 for all fall plans. Enrollment fee is $35.

Spring Semester plans available: Choose 5, 4 or 3 monthly payments. Five-month plans begin in November, with shorter plans beginning in successive months. The final payment is due on March 25 for all spring plans. Enrollment fee is $35.

Refund Policy

Students who withdraw from classes will have their tuition, room and board charges refunded according to the CCU Institutional Refund Policy

The Financial Aid staff must recalculate financial aid eligibility for students who withdraw, are dismissed, or drop out prior to completing 60% of a semester. A student should contact Enrollment Services Office to withdraw from all classes. The student’s notification will initiate the Return of Title IV (Federal) Funds calculation which will be computed by the Financial Aid staff. Refer to Return of Federal Financial Aid for additional information.

Refund of Student Account Credits

All credit balances resulting from the disbursement of financil aid will be refunded to you automatically. No refunds are processed for pending or unposted aid. All student account refunds are processed on a weekly basis. You have a choice of refund methods, which include direct deposit to your bank account or a Discover prepaid card. Select your refund method through the Student Account Center. If you do not select a refund method, your refund will be processed as a check which will be miled to your home address.