About Financial Aid
Types of Financial Aid
Scholarships are a great source of aid, and you do not need to pay them back. Many scholarships are available for students with special interests and backgrounds.
You may be eligible to receive federal, state, and/or institutional grants. Certain federal student aid programs require a percentage of aid to be returned if a student completely withdraws from all courses.
Work-study programs give you the opportunity to work on campus or with approved off-campus employers to earn money for college. These jobs are often flexible, working around your class and personal schedules.
You also may be eligible for student loans, which must be repaid. Federal student loans usually have a lower interest rate than other kinds of loans.
Financial Aid Deadlines
CSCU institutions may have different priority or deadline dates regarding financial aid. All institutions require students applying for financial aid to file the Free Application for Federal Student Aid (FAFSA), which is used to package federal, state and often institutional aid. The application is required annually and should be completed after Jan. 1 for students planning to be enrolled in college the following fall semester. Check the colleges and university websites for more specific financial aid priority or deadline dates.
How to Apply Contact Info
Satisfactory Academic Progress Policy
Students receiving financial assistance under the federally supported Title IV Programs must comply with a set of standards to be eligible for such assistance. Such standards are referred to as Satisfactory Academic Progress (SAP). Please check below for the policies of each institution.
If you've served in the Armed Forces, you may be eligible for additional financial aid. Stop by one of the on-campus veterans centers for information, support and assistance.
How to Apply
File a Free Application for Federal Student Aid (FAFSA)If you are a new student, do not wait until you are admitted to the university or college to apply for financial aid. The earlier you apply, the better chance you have that funds will be available.
File a FAFSA Online
- Submit one FAFSA for each academic year.
- To access all Federal Student Aid's online systems and sign your FAFSA, apply for an FSA ID at fsaid.ed.gov.
- To reduce possible mistakes, use the Internal Revenue Service Data Retrieval process.
- Enter the institutional code in the Federal School Code field.
- Review the application to ensure all answers are complete and accurate.
You will receive various notifications
- An email notification from college/university Financial Aid office
- An email notification from the Federal Processor
If eligible, you are awarded financial aid
If you are eligible, you will be awarded financial aid. You will receive an email notification of your financial aid award sent to your email address.
Complete additional requirements
If you accepted your Federal Direct student loan, you must complete additional requirements to receive the loan.
- Complete an online entrance interview at StudentLoans.gov
- Complete an online master promissory note committing student to repay the loan. Complete the promissory note online at StudentLoans.gov
If you have been offered and accepted a Federal Perkins loan please go to signmyloan.com to complete the Federal Perkins Loan Process.
Your financial aid refund
CSUs and CCCs Fifteen days after the semester begins, financial aid refunds (minus tuition, fees and housing fees) will be either directly deposited or have a checked mailed to those students who have completed steps 1-4 above.
Charter Oak State College View the Charter Oak disbursement procedures (doc)
Financial Aid Resources
The College Board: College Financing CalculatorsBy entering such information as expected family contributions, anticipated monthly loan payments, and your current savings, you can figure out how you can pay for college.
Visit College Board
FastwebFastweb members are matched to relevant scholarship opportunities completely free of charge. With roughly 1.5 million scholarships worth over $3.4 billion, there are scholarships for every student's educational goals, activities and interests. Additionally, Fastweb members can depend on us for insider financial aid tips and job and internship matches in their area.
FinAid.org: College Cost CalculatorsThis award-winning web site is designed to help students figure out how much money they will need to pay for college. Other calculators on the site will also be helpful to you and your parents.
College Savings PlannerReview your savings goals and model different ways to meet them. All you need to do is enter some basic information about the children you're saving for, the cost of the college they're likely to attend, and how much you've already saved.
Visit College Savings Planner
ACT: Financial Aid Need EstimatorUsing this free service, you can calculate your family contribution, your eligibility for need-based aid, and the costs of attending the college you choose.