Financial Aid for Current Undergraduate Students
Capital University offers many kinds of financial aid to help students and their parents defray the expenses of the students’ education. Several scholarship programs recognize academically superior students without regard to financial need.
While most types of need-based financial assistance programs are granted for only one academic year, students may receive financial assistance in subsequent years of undergraduate study if they:
- Refile the FAFSA each year;
- Remain in good academic and personal standing (students are required to be in compliance with the Student Code of Conduct as explained in the Student Handbook);
- Meet Standards of Progress (PDF); and
- Their computed financial need does not decrease.
FAFSA
You must complete a FAFSA each year in order to be considered for need-based aid. It is recommended that you complete this form by April 1 of each year. Please complete this form electronically on the Federal Student Aid website.
Once Capital receives the results of the FAFSA, the Financial Aid Office determines if additional tax documents are required for the verification process. Once all requested documents are received and reviewed, the financial aid package is determined and students are notified at their Capital email address that they can view their award for the upcoming academic year. Because aid eligibility is effected by academic performance, financial aid awards will not be available until after the spring semester grades are calculated.
All financial aid awards are subject to change or modification if a student changes enrollment status, housing plans, or receives additional funding not considered at the time of the original award.
Capital University strongly encourages all families to annually complete the Free Application for Federal Student Aid (FAFSA) so that all eligible resources can be identified. The process is free. Families can file electronically or on a paper application. Electronic filing is faster and less error-prone. By filing electronically, students can avoid delays because the software immediately identifies errors and allows for on-the-spot corrections. FAFSA on the Web is available to students to apply electronically through the Internet at www.fafsa.ed.gov. Help is available by calling the customer service hotline at 1-800-801-0576 (TDD 1-800-511-5806).
Withdrawal from the University
Students who withdraw from the university during a term should understand that reimbursements are made to aid programs first and the student last. Withdrawals at any time may affect loan repayment options. Students should always check with the Financial Aid Office before withdrawing.