Paying for college can be a difficult and confusing process, yet it is one of the most important investments you can make. Here at Concordia University, the financial aid process is designed to help both those with academic merit as well as those with financial need. More than 95% of freshmen receive financial aid, with an average award from the university of $11,000. See what grants, scholarships and work study and loan options are available for you.
Please refer to the Merit Grid for eligibility.
Steps in Applying for Financial Aid
- Apply for financial aid using the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov. Concordia’s title IV school code is: 003191. Make sure you are applying for the correct year (i.e., using the 2013-14 FAFSA for the Fall of 2013 attendance).
- Apply for admission to Concordia University. Find out more information on Admission requirements.
- Apply for outside scholarships. Oregon residents should apply for the scholarships from the Oregon Student Access Commission. There are a number of resources for scholarship searched under our links section
- Review budget information. We will send you information on costs to attend Concordia, but you should look at those costs and determine if they are accurate for your situation (books, travel, personal). While we don’t update those costs on your budget, it may help you decide on things like loans and if you need to take out the full amount
- When you are admitted and we have received your financial aid information, we will package you and send you an award letter. We begin sending award letters to students in early March.
- Review your award letter when that is received. It will give you a fairly accurate estimate on any out-of-pocket expenses you may have to attend, as well as provide other information about your financial aid. Please review this information carefully.
- Compare awards. Compare the direct costs of tuition and housing (if you will live on-campus) to the gift aid of scholarships and grants. The difference is your out-of-pocket costs that you will pay through loans or other means. You can do that math to awards from other universities to compare your costs for attending each institution.
- Go to the My.CU portal to accept or decline your award package components. If there is additional information that we need from you, My.CU will provide the details.
- If you are selected for verification, submit the verification worksheet and any other required documents. We will then verify that the information on your FAFSA against the documentation you submitted.
- If you will take out loans, you will need to complete entrance counseling and the Master Promissory Note. That information is in My.CU, but you can also go here: www.studentloans.gov
- If your situation is unique, contact your financial aid counselor. Sometimes we can consider things like loss of income or unusually high medical expenses in making adjustments to your financial aid information. Those adjustments might help improve your financial aid award.
- For students attending in the Fall, your bill will come during the summer. Be sure to work with the Finance Department on your bill. If you have questions about this, contact the Student Accounts Department
- If you are receiving scholarships from outside sources, you need to let us know about them. You can do that by contacting us directly, or by reporting these online on the My.CU web portal.
- If your financial aid is less than your bill, consider your options. Those may include a Parent PLUS loan, a payment plan, or an alternative loan. We can help if you have questions about your options. More information about the Parent PLUS loan is available on the Loan Information page
- Your financial aid will be applied shortly after the start of Fall term (for students attending Fall). If you have more financial aid than your charges, you can ask for a book voucher. You can take this to the Bookstore to get your books.
We use an annual Cost of Attendance (COA) budget to determine your financial aid eligibility. The COA budget includes expenses which are billed directly by CU (e.g. tuition as well as room and board if you live on campus), and other expenses that are not billed by CU, but are directly related to attending school (e.g. books and supplies, transportation, personal expenses and off-campus living expenses).
|Full-Time Cost of Attendance Budget for Bachelor of Arts Program|
|Average Standard Fees and Course-Related Fees||$592|
|Average Room and Board||$8,100|
|Average Books and Supplies||$900|
How We Determine Need
We subtract the Expected Family Contribution (EFC) from the Cost of Attendance budget created for you. The difference between the two is the financial need of the student. That need calculation helps us determine what types of aid you qualify for and in some cases amounts. Even students who have no need will generally qualify for gift aid and loans. We encourage everyone to complete the FAFSA so they can at least get the best financial aid package we can put together for them.
Satisfactory Academic Progress
All students receiving financial assistance from the University, State Scholarship Programs, or Federal Student Aid Programs must maintain Satisfactory Academic Progress for Financial Aid. Quality and quantity of work is reviewed each semester. Undergraduate students will be expected to complete 67% of attempted hours each term with both a term and cumulative GPA of 2.0 or better. In addition, a minimum cumulative GPA of 2.0 must be earned by the time they have earned the equivalent of 60 semester credit hours. Students in baccalaureate programs must complete their program within 186 attempted credits, and students in associates programs must complete their credits within 93 attempted credits. Earned credits include those courses graded as "A", "B", "C", "D", or "P". Courses graded as "F", "NP", "I", or "W" do not count as credits earned, but they do count as courses attempted for financial aid Satisfactory Academic Progress purposes. If you fall below this scale or have an insufficient number of credits earned at the end of each term, you will be placed on Financial Aid Warning for the next term. During the Warning term, you must raise your GPA to the required level and/or remove the deficiency in credits earned or your aid will be revoked until the required GPA or credits earned is reached. Appeals for Financial Aid Revoke may be addressed to the Director of Financial Aid. Students who have been re-instated after being revoked are considered to be on Financial Aid Probation and must meet specific requirements to continue to receive aid. Students who have been academically suspended are automatically revoked from financial aid and if re-instated to the institution through appeal, may also need to appeal their financial aid status. Appeals received within the first 3 weeks of the term will be considered for that term. Any later appeals can be considered for subsequent terms.
For more information on financial aid, please contact our office. Our financial aid counselors are happy to help you navigate the process.