Need-based Financial Aid

Grants

All grants are awarded to students based on financial eligibility as demonstrated by the family’s information on the Free Application for Federal Student Aid (FAFSA).

Grants	Yearly Amount
CSB and SJU Grants	Varies
Federal Pell Grants	$555 – $5,920
Federal SEOG Grants	$500 – $4,000
Minnesota State Grants	$100 – $11,500
TEACH Grant*	$4,000 a year (renewable)

*To be considered for the TEACH Grant, students must be completing or planning to complete the coursework necessary to begin a career in teaching. See other qualifying information.

Student Employment

Students who work through the CSB+SJU Student Employment Program gain valuable skills and earn money to assist in paying for college. Students generally work 5-10 hours per week. Priority consideration is given to students with financial eligibility as demonstrated by the Free Application for Federal Student Aid.

Student Loans

CSB and SJU students are eligible for all major federal and state student loan programs. These programs include:

Need-based Loan Programs:

Federal Direct Loan (Subsidized)

Loan Maximum	Interest Rate	Repayment Terms
First year: $3,500	Interest-free while enrolled at least half-time;	Six months after college enrollment ends
Second year: $4,500	Interest-free while enrolled at least half-time;	Six months after college enrollment ends
Third & Fourth years: $5,500	3.73% interest rate during repayment	Six months after college enrollment ends

Available to all students and parents regardless of family income:

Federal Direct Loan (Unsubsidized)

Loan Maximum	Interest Rate	Repayment Terms
First year: $3,500	3.73% rate during in-school and repayment	Six months after college enrollment ends
Second year: $4,500	3.73% rate during in-school and repayment	Six months after college enrollment ends
Third & Fourth years: $5,500	3.73% rate during in-school and repayment	Six months after college enrollment ends

Federal Parent Loan for Undergraduate Students (PLUS)

Loan Maximum	Interest Rate	Repayment Terms
Cost of education minus other aid	6.28%	60 days after loan is disbursed

Private Student Loans

Loan Maximum	Interest Rate	Repayment Terms
Varies	Interest rates and fees are determined by the lender.	These loans are taken out by the student with a credit worthy cosigner. The FastChoice web site provides additional details and loan comparisons for these private educational loans: CSB Students SJU Students

*Federal Direct Loan (unsubsidized) maximums will be reduced by any loan taken through the Direct Loan (subsidized) program.

Additional Information

• CSB+SJU Net Price Calculators
• Applying for Financial Aid
• Tuition and Costs
• Scholarships
• Apply for Admission to CSB+SJU
• Visit CSB+SJU