Federal Direct Loan Program | Capital University


Financial Aid Timeline

  •  Steps to Assure Available Financial Aid

    • In your junior or senior year, you should take the SAT or ACT and report your test scores to Capital
    • Apply for admission to Capital University early in your senior year
    • Get a federal Federal Student Aid ID after you apply to Capital so that you can file the Free Application for Federal Student Aid. online. Visit the https://fsaid.ed.gov/npas/index.htm to get your FSA ID.
    • Complete the FAFSA electronically as early as possible after January 1. The FAFSA is used to determine your eligibility for federal, state and Capital financial assistance.

    The FAFSA is available for electronic submission beginning October 1st of each year. Be sure to include Capital University's school code (003023) to allow us to receive your FAFSA information.

    • In your junior and senior years, you should talk to your guidance counselor to identify any local scholarships from community groups or other organizations that may be available to you.
    • Notify Capital University of any financial assistance (scholarships, etc.) from outside sources that you anticipate receiving.
    Notification Timeline
    • In the winter, if you are eligible, scholarship and grant information will be sent to accepted students.
    • Within approximately three days of completing the FAFSA online, you should receive a Student Aid Report via e-mail from the U.S. Department of Education confirming that the information is being processed.
    • Review your information that was submitted on the FAFSA. Make any adjustments, corrections or updates as appropriate.
    • If you submit estimated tax information on the FAFSA, return to the electronic form and update it approximately two weeks after your taxes have been electronically submitted. Be sure to use the IRS Data Retrieval Tool, if eligible. 
    • You should receive a notice of your Ohio College Opportunity Grant eligibility from the Ohio Department of Higher Ed one month after completing the FAFSA online.
    • Respond quickly if additional tax documentation is requested by the Financial Aid Office.
    • The Financial Aid Office will begin sending award packages in mid-March to all students with complete financial aid files.
    Payment Schedule
    • Your admission deposit of $300 for resident students ($200 for commuter students) is due by May 1 or within two weeks of acceptance if you were accepted after May 1.
    • First-semester bills will be sent electronically starting mid-July with payment due in early August of each year. Your second-semester tuition and fees will be billed in mid-November and are due in early December.