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Graduate students enrolled in the Capital University Master's programs are eligible to participate in the Federal Stafford Loan program. Students should anticipate 6-10 weeks for loan processing and must be enrolled when eligibility is determined.
Law School Students should contact the Capital University Law School Admissions Office.
To be eligible to receive financial aid at Capital University you must:
You should file for aid early.
Your financial aid award letter identifies the maximum loan amount available to you. If you are a continuing student at Capital and have a Master Promissory Note on file, and Great Lakes Higher Education Corp. is your guarantee agency, you will automatically receive a disclosure statement from GLHEC indicating exact loan amount(s) and scheduled disbursement dates.
An expense period represents the academic period a student wishes to have covered by the loan application. The most common periods are:
Federal Stafford funds are electronically transmitted by GLHEC to Capital University. The Capital University Finance Office will notify you when a disbursement has been received. In the few instances of disbursement by check, the Finance Office will contact you for appropriate procedures.
Capital will attempt to deliver all loan proceeds as soon as possible; however, students should not assume these funds will be available before the second week of classes. All students should have sufficient personal funds to cover non-billed costs such as books and living expenses each term until excess loan funds can be made available.
All students who are receiving funds in excess of institution charges must request receipt of these funds by completing a (available through the Finance Office). Forms are available the first official day of the term.
Capital University is responsible for assuring accuracy of data reported by you and/or your family. If selected, you will need to provide additional documentation.
If selected for verification, you must complete this process prior to receiving any notification of aid eligibility. If a term has started and verification has not been completed, enrollment should not be attempted unless adequate resources are available from your own personal funds to pay for that term's tuition, fees, and books.
Many students who enroll in Capital University programs are eligible to receive assistance from their employer. These payments may be paid at the beginning of a term or after grades have been received. The timing depends on employer policy. Regardless of the payment policy, the federal government requires that this resource must be considered when determining eligibility for Federal Stafford Loans. Students should notify the Financial Aid Office in writing that they have tuition reimbursement and the amount of reimbursement.
Additional loan assistance may be available for students who need extra financing. Terms are often similar to the federal loans, but because they aren't guaranteed by the government, interest and guarantee fees may be higher. Review the Alternative Student Loan page for more information about these loans.
Capital University is a private four-year undergraduate institution and graduate school located in the Columbus, Ohio, neighborhood of Bexley. Copyright © 2013 Capital University