NEWS & EVENTS
  • ag
For Continuing Education
  •  Find Financial Aid for Adult Degree Completion Students
    Grants and loans, designed to help you pay for college, are available through a variety of federal and state programs.The key is completing the Free Application for Federal Student Aid (FAFSA). The fastest way to apply is to complete the FAFSA online. 
     
    Your Financial Aid Award package, which is accessed through WebAdvisor, consists of loan eligibility as well as grants for which you are eligible. A large majority of the students attending Capital University rely heavily on student loan programs to meet their financial obligations while obtaining their education. Educational loans may be used to help cover tuition, books, transportation and basic living costs.  
     
    It is highly recommended that you check the National Student Loan Database System (NSLDS). This site provides you with your federal grant and loan history and also provides you with the current status on any federal loans that you have previously borrowed. 
     
    Steps to Receive Financial Aid  
    1. Electronically submit your FAFSA annually  
    2. If requested, submit any necessary tax documents to the Financial Aid Office 
    3. Complete your Financial Aid Worksheet each academic year
            a. Teacher Licensure students must also complete a Statement of Purpose upon acceptance into the program 
       
    4. If you plan to borrow loans, you must complete two additional steps:
            a. Master Promissory Note agreeing to the terms of the loan
            b. Entrance Counseling — a tool to ensure that you understand your obligation to repay the loan 

    Types of Aid

    Federal Direct Loan Program


    The Federal Direct Loan Program provides low-interest loans to students to assist with educational expenses. It is federally guaranteed, which means you do not need to pass a credit check to obtain funding through this program. There are four minimum criteria that a student must meet to receive a Direct Loan:
     
    1. You must be a US citizen or eligible non-citizen. 
    2. You must not be in a current default status on a previous federal education loan. 
    3. You cannot have exceeded your annual maximum for loans, including all loans you may have borrowed at another institution prior to coming to Capital. 
    4. You must not have exceeded the aggregate Federal Direct Loan limit of $57,500 for an independent student or $31,000 for a dependent student. 

    Once your FAFSA has been filed and all requested documents are submitted, the Financial Aid Office will confirm that you meet these criteria and determine your eligibility. Your Financial Aid Award package will provide details on the amounts and types of loans you are eligible to borrow. 

    Federal Direct Subsidized Loans

    • Need-based 
    • Fixed interest rate (set on July 1 of each year) 
    • No payments required while you are in school 
    • Six-month grace period 
    • Must be enrolled in at least six credit hours 

    Federal Direct Unsubsidized Loans

    • Non-need-based 
    • Same interest rate as subsidized loan 
    • Interest begins accruing at the time of each disbursement 
    • Interest does not need to be paid while you are in school 
    • Six-month grace period 
    • Must be enrolled in at least six credit hours 
     

    150 Percent Loan Eligibility Limitation

    First-time borrowers on or after July 1, 2013, there is a limit on the maximum period of time you can receive a Direct Subsidized Loan. This time limit does not apply to Direct Unsubsidized Loans. If this limit applies to you, you may not receive Direct Subsidized Loans for more than 150 percent of the published program length. Since all Capital undergraduate programs are four years, new borrowers would be eligible to receive Direct Subsidized Loans for up to six years.

    Federal Pell Grant

    • A Federal Pell Grant, unlike loans, does not need to be repaid. 
    • The amount depends on your financial need, cost to attend school and enrollment status. 
    • Learn more about Pell Grants through the student aid website 
    • Each student can receive the equivalent of 12 full-time payments (or six years of full-time attendance) which is prorated for students who attend part-time. If you are unsure of your remaining eligibility, please contact the Financial Aid Office.  

    Ohio College Opportunity Grant

    • Need-based grant for students who have lived in Ohio for at least 12 months 
    • Eligibility determined by the State of Ohio 
    • Limited to 10 full-time semesters 
    • Grant amount is based on enrollment status 

     
     
     
    Contact the Financial Aid Office with questions, concerns, or suggestions:
    Capital University
    Financial Aid Office
    1 College and Main
    Columbus, Ohio 43209-2394
    Phone: 614-236-6511 ~ Fax: 614-236-6926
    finaid@capital.edu