There are two types of financial aid that students may be offered: grants and loans. When creating the award package students are automatically considered for both grants and loans.
Grants are considered gift aid. The amount of gift aid a student can receive depends on her/his financial need and enrollment status as well as a variety of other factors. If a student is eligible for gift aid, it will be included as part of her/his financial aid award package.
Loans are considered self-help aid. Students who accept loans must agree to the repayment and enrollment status terms specified for the loan.
Students are automatically considered for all types of financial aid. Student Financial Services will determine what aid students are eligible for and award accordingly. Regardless of the type of financial aid included in the award package, the total amount of financial aid cannot exceed the student's Cost of Attendance. Any outside resources (ex: outside scholarships, employer tuition reimbursement, and private/alternative educational loans) that a student receives must be included in the financial aid calculation.
Up to $5,550 per year
Students must meet all of the following requirements:
must not already have a degree
be enrolled in at least 3 hours
fall below a certain estimated family contribution (EFC) from the FAFSA
The Pell Grant will not be credited to the student’s Concordia University account until the student has begun all coursework for the term.
Independent students:
| Number of Hours to Date | Yearly Loan Limit |
| 0 to 29 hours | $9,500 |
| 30 to 59 hours | $10,500 |
| 60+ hours | $12,500 |
$57,500 aggregate limit, no more than $23,000 of this may be Subsidized
Dependent students:
| Number of Hours to Date | Yearly Loan Limit |
| 0 to 29 hours | $5,500* |
| 30 to 59 hours | $6,500* |
| 60+ hours | $7,500* |
$31,000 aggregate limit, no more than $23,000 of this may be Subsidized*
Loans cannot exceed COA.
The direct subsidized loan is a need-based loan. Interest does not accrue while the student is enrolled at least half-time and it does not accrue during their six-month grace period. However, it does accrue once the student enters repayment. The interest rate is 6.8% and the lender is the Department of Education.
The direct unsubsidized loan is not a need-based loan. Interest does accrue while students are enrolled, during the six-month grace period and during repayment. The interest rate is 6.8% and the lender is the Department of Education.
be a U.S. citizen or permanent resident
if the student is male, he must be registered with the Selective Service
must not be in default on a federal student loan
must not owe an overpayment for a federal grant
must not have reached or exceeded the annual or aggregate loan limits
be enrolled at half-time status
complete Loan Entrance Counseling and the Master Promissory Note
complete Loan Exit Counseling if student graduates, leaves college or drops below half-time enrollment