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Financial Aid FAQ

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Financial Aid Process FAQ

  • A typical financial aid package begins with the Expected Family Contribution (EFC) which is calculated once you complete the Free Application for Federal Student Aid (FAFSA). Concordia will use the EFC to determine what types of aid you may be eligible for including MN State Grant, Pell, Supplemental Equal Opportunity Grant (SEOG), work-study, Stafford loans, Perkins loans and private education loans.

  • Go to and complete the FAFSA (Free Application for Federal Student Aid).

    • Choose Concordia University, St. Paul with the code 002347
  • The U.S. Department of Education requires a PIN to complete the application. The PIN provides an added level of security to financial information, and allows the applicant to log out and return to their application later if they are unable to complete the application in one session. It also allows students to access their U.S. Department of Education financial aid records.

  • It is recommended you complete the FAFSA after you have filed your federal tax return for the year, or as early as possible to ensure your financial goals are met.

  • Prior to be being awarded, you must be admitted to Concordia University, St. Paul and have a complete FAFSA on file. Approximately two weeks after these requirements are met you can expect to receive your financial aid award letter in the mail.

  • Yes. If you have completed a FAFSA before, you will complete a Renewal FAFSA each year.

    • Grant money is applied to student accounts on the first day of classes.
    • Federal loan money is applied to student accounts approximately three weeks after the start of your program.
    • Private loans are disbursed as soon as all requirements are met.
  • If a credit balance remains after all tuition and fees have been paid for the semester, students receive the overage within 14 days.  Refer to CSPConnect for specific details.

  • Verification is a process that all universities receiving federal aid are required to complete. The purpose of verification is not to find fraudulent FAFSA applicants, but to find and correct common mistakes made during the filing of the Free Application for Federal Student Aid. If the verification process is not completed, a student will not be considered for any need-based financial aid.

    To Complete This Step:

    • Submit a copy of the Federal Verification Worksheet and a copy of the previous year’s tax information.
      Must be the same tax documents that were used to complete the FAFSA
    • If you are dependent, and were required to submit your parent’s information on the FAFSA, you will need to submit a copy of yours and your parent’s tax information.

    Refer to CSPConnect for specific details.

  • Concordia St. Paul is pleased that Congress is providing support for higher education through the Coronavirus Aid, Relief, and Economic Security (CARES) Act Higher Education Emergency Relief Fund.

    CSP has received an allocation from the CARES Fund which will be used to help eligible students with “expenses related to the disruption of campus operations due to the coronavirus.” The Department of Education (ED) has determined that Title IV eligible students who were not enrolled in a fully online program prior to March 13, 2020, are eligible to receive grant funding. Using the DoE guiding principals over 1,200 of our 5,139 students are eligible.  Students do not need to apply and funds will be disbursed in the near term. Eligible students will be notified via email from

    In compliance with reporting requirements prescribed for above referenced grants, the following information is posted on Concordia University’s Coronavirus (COVID-19) page on its primary website:

    1. Concordia University signed and returned to the Department of Education, the Certification and Agreement to receive funding under Section 18004(a)(1) of the Coronavirus Aid, Relief, and Economic Security Act (“CARES ACT”). No less than 50% of the funds received under this code section will be used to provide Emergency Financial Aid Grants to students. 
    2. The University received $794,368 pursuant to the institution’s Certification and Agreement for Emergency Financial Aid Grants to students.
    3. As of December 22, 2020,  the total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) was $794,805.
    4. Approximately 1,300 Concordia University students are eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and are thus eligible to receive Emergency Financial Aid Grants to students under Section 18004(a)(1) of the CARES Act.
    5.  1293students have received an Emergency Financial Aid Grant under Section 18004(a)(1) of the CARES Act.
    6. Concordia University made awards to Title IV eligible students who were registered on March 16, 2020 and enrolled in academic programs that moved from face-to-face classes to online instruction due to the coronavirus. The grants were awarded based on three primary factors including financial need as determined by the FAFSA, and undergraduate/graduate status. The amounts awarded was $500-755 per student based on these criteria. The grants were transferred via direct deposit to a student’s bank account or via check where banking information was not available.
    7. Students were apprised of the University’s plans to distribute the Emergency Financial Aid Grants via email and the University’s COVID information web-site. Students were not required to apply for these grants unless they had not filed a FAFSA, in which case an institutional application form whereby students attested to their Title IV funding eligibility was required.

    CARES Act Quarterly Expenditure Report-January 2021
    CARES Act Quarterly Expenditure Report-September 2020