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Financial Aid Information for Future CSP Students

Congratulations on your admittance to CSP!

We know that as you prepare to enroll there can be many questions around financial aid, tuition, scholarships and more.  We hope to provide the answers you need here!

Follow along with Leah Martin, Concordia’s Director of Undergraduate Admissions, to learn more about:

1. Financial aid terms and meanings (0.33)
2. Financial aid award example (2:54)
3. Accepting your financial aid award (5:02)
4. Commonly asked questions and answers (6:08)

Tell Me More About:

  • Review this document to learn how to accept or decline any Stafford loans, grants, or scholarships you have been offered by CSP, as well as the steps needed to complete any unsatisfied disbursement requirements.

    • Grant money is applied to student accounts on the first day of classes.
    • Federal loan money is applied to student accounts following the drop-add period (approximately 2 weeks after classes start).
    • 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 will receive any leftover funds after the drop-add period (approximately 2 weeks after classes start).
  • All students are asked to set up direct deposit upon enrollment at CSP. Direct deposit is necessary for student employment payroll, student refunds, or any other reimbursements.

    Please set up your direct deposit before the first day of classes.

    1. Login to Blackboard
    2. Under the “University Links” section select “Student Page additional links for students”
    3. Under “Details of Employment”, select “Direct Deposit Information”
    4. Click on “Add New Direct Deposit”
    5. Input your 9-digit Bank Routing Number
      1. Your routing number identifies your financial institution
      2. The routing number is typically the first nine numbers on your check
    6. Input your Account Number
    7. Select the appropriate Account Type (checking account or savings account)
    8. Select the Submit button
    9. Review the terms and select the Agree button
  • Completing Entrance Counseling and signing a Master Promissory Note (MPN) are required for students who wish to accept any Stafford loan. 

    Complete Entrance Counseling
    The entire counseling process must be completed in a single session. Most people complete counseling in 20-30 minutes. You will need your verified FSA ID to complete entrance counseling.

    Complete Your MPN
    The Master Promissory Note (MPN) is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your loan(s)

    For more details on federal aid, please go to the Accepting Financial Aid page on studentaid.gov. There, you will find information on the types of financial aid offered, the difference between subsidized and unsubsidized loans, and how to determine which loans (if any) to accept.

  • Students eligible for the Minnesota State Grant must complete this form in order to receive funding. Once the form is signed and completed, you may scan it and send it to your admissions counselor or finaid@csp.edu.

    For eligibility requirements, please refer here.

  • Parent/Guardian Proxy

    Setting up a proxy is necessary for students who would like to allow their parent(s) or guardian(s) to access their education records, including grades, billing, tuition and fees assessments, and financial aid.

    Please follow the instructions below to set up proxy access:

    1. Login to Blackboard
    2. Under the “University Links” section select “Student Page additional links for students”
    3. Under the “Registrar” section select “Student Information Release Authorization”
    4. Select the “Proxy Management” link
    5. On this page follow the five proxy set up instructions to complete the proxy process

    Parent/Guardian Payment Access

    Students can share payment access with their parent(s) and/or guardian(s) by sending a payer invitation via our tuition and fee payment portal.

    Please follow the instructions below to set up payment access:

    1. Login to Blackboard
    2. Under the “University Links” section select “Student Page additional links for students”
    3. Under the “Payments” section select “Tuition and Fee Payments Online”
    4. Click on your name in the left-hand column to access your profile
    5. Select “Send a Payer Invitation”
    6. Enter the payer’s first and last name and email address and select “Send Invitation”
    7. The payer you have chosen will receive an email with a Parent PIN, a password, and a link to login to their account
    8. The payer should log in using their Parent PIN and Username
    9. The payer will then be asked to update to a password of their choice
    10. The payer now has access to make a payment on your account
  • If your tuition was not covered fully by Federal Stafford loans and Need-Based Grants, you will need to pay the remainder out of pocket or apply for a Private Educational loan. There are many types of student loans, and it is important for you to choose the one that best meets your needs.

    Resources

    These tools can help you find loan and scholarship options, compare lenders, and more.

  • Refunds are produced when the aid received is greater than tuition and fees charged. Federal Loans, Subsidized and Unsubsidized, will initially disburse to qualifying students after the add-drop period for the most current term has expired.

    Once funds are disbursed, if a refund is produced it will be issued within two weeks (14 calendar days). Refunds are issued two times per week: Wednesday and Friday.

    If Federal Stafford Loans are borrowed, a Disclosure Statement will be mailed to your permanent home address from the Department of Education. Please retain these records for your future use, and review them to determine loan disbursement amounts and dates. Refunds are sent to students via paper check issued to permanent home address, or via Direct Deposit.

    CSP encourages students to use the Direct Deposit option.

  • Scholarship Universe is a free tool available to all admitted CSP students to easily apply for multiple scholarship opportunities through a personalized portal. *CSP Network Account needed for login

    CSP students will be able to:

    • Answer questions and match scholarship opportunities you are eligible for
    • Easily apply online to multiple scholarship opportunities through a personalized portal
    • Track application statuses
    • Be alerted whenever new you are matched to new scholarship opportunities
    • Receive automated reminders about outstanding tasks and next steps

    Steps to access Scholarship Universe:

    1. Login to Blackboard
    2. Within the Student Tools section, click on Scholarship Universe
    3. Login using your CSP Network Account credentials
    4. Create a profile, and start matching to scholarships!
  • The Tuition and Fees payment deadlines for each term are:

    Fall Semester: First Wednesday in October
    Spring Semester: First Wednesday in March
    Summer Semester: June 15

  • Payment Options

    Option 1: Pay Each Semester in Full
    Pay your “out of pocket” cost in full (for each semester) by the following tuition due dates:

    • Fall Semester: First Wednesday in October
    • Spring Semester: First Wednesday in March
    • Summer Semester: June 15

    Option 2: Enroll in the CSP Installment Plan
    Enrolling in the CSP Installment Plan will allow you to divide your “out of pocket” cost into 2 payments for each semester. *Please note there is a $35 enrollment fee if you are enrolled in the CSP Installment Plan. Please see below for detailed payment breakdown.


    How to Make a Payment

    Online:

    1. Login to Blackboard
    2. Click on My Account by Term
    3. Select the Payments tab

    We accept the following credit cards: VISA, MasterCard, American Express, and Discover.

    Please note: Online payments take 2-3 business days for them to be received and posted to a student account.

    Check:
    Please include student’s full name and ID#

    Checks can be mailed to:
    Concordia University
    NW 5884
    PO Box 1450
    Minneapolis, MN 55485

    In Person:
    You can make a payment in person at the Business & Cashier’s office. This is located on the first floor of the Poehler Administration building. The Business & Cashier’s office is closed for lunch between 12:00 – 1:00 PM daily.

    Business & Cashier Address:
    275 Syndicate Street North
    St. Paul, MN 55104

    Phone: (651) 641-8206


    CSP Installment Plan

    Enrolling in the CSP Installment Plan will allow you to divide your “out of pocket” cost into 2 payments. There is a $35 enrollment fee if you are enrolled in the CSP Installment Plan.

    Below is how your tuition payments would be divided for each semester if you enroll in the CSP Installment Plan:

    Fall Semester Due Dates

    • First Wednesday in October (At least half of outstanding balance due)
    • First Wednesday in November (Total remaining balance due)

    Spring Semester Due Dates

    • First Wednesday in March (At least half of outstanding balance due)
    • First Wednesday in April (Total remaining balance due)

    Summer Semester Due Date

    • June 15

    If you do not pay your balance due, or have not completed financial aid requirements, by the first due date, you will be automatically enrolled in the CSP Installment Plan.

    Semester fees are due in full by the initial posted date as referenced above. Students with outstanding semester fees by the second due date may be assessed the following:

    • $35 processing fee
    • 1% monthly finance charge on outstanding principal balance
    • Future enrollment prohibited

    Please connect with your financial aid counselor if you would like to enroll in the CSP Installment Plan.

  • What is Verification?

    Verification is the process schools use to confirm that the data reported on your FAFSA form is accurate. This doesn’t mean you’ve done anything wrong. If you’re selected for verification, CSP will request additional documentation that supports the information you reported on your FAFSA.

    Steps to Verify your FAFSA

    Questions?
    Don’t hesitate to reach out to our Verification Team with any questions. They are here to help!