Office of Financial Aid
The Office of Financial Aid is here to help you bridge the gap between your family contribution and the cost of your educational expenses. Understanding the types of aid available, how loans work, and how to manage your costs can be a daunting experience to students and their families. The good news is nearly all Capital students receive some financial assistance.
We’ll help you learn what you need to do to apply for financial aid. Keep in mind filing early will generally provide you with the greatest access to all types of financial assistance. Look over our timeline for applications and decisions to know when you need to start planning your college finances.
Capital works with each student and family to make their higher education experience as accessible as possible. There are a number of payment strategies for meeting remaining costs at Capital:
- Capital Pay Plan – Interest-free monthly payment option.
- Twice-a-Year Option – You can split your cost in half and pay in two installments before the start of each semester.
- Direct Parent PLUS Loan – Borrowing additional funds with a fixed interest rate and no collateral.
- Alternative Educational Loans – Financial institutions also provide student loans. Payment on most can be deferred until after college graduation.
- Combination of Plans – Many students choose to combine payment plans.
Keep in mind filing early will generally provide you with the greatest access to all types of financial assistance. Look over our timeline for applications and decisions to know when you need to start planning your college finances.
- Apply for an FSA ID online with the U.S. Department of Education. This will be used to complete all federally related steps in the financial aid process, including the FAFSA and accessing loan history once you have graduated.
- Complete the FAFSA online before March 1 to be considered for all federal, state and Capital University assistance.
- Once we get the results of your FAFSA, we review the information and determine if we must complete the Verification Process.
- Complete Entrance Counseling for Federal Loans
Students receiving Federal Direct loans must complete loan entrance counseling online to ensure that you understand the conditions of your loan before you accept the funds.
Not only is this step required by the Department of Education, but we believe it is an essential step in understanding what it means to be a student loan borrower. This process only needs to be completed once and thoroughly helps you assess your need for student loans.
- Sign a Master Promissory Note if you are a first time Federal Direct loan borrower. This Note is your pledge to repay your student loans.
If you have a Federal Direct loan, you can electronically sign the Master Promissory Note at StudentAid.gov.
Please note the data in the net price calculator reflect institutional aid awarded in previous years. The new data that informs institutional aid awarded in this year will be updated later this fall. If you have questions about your financial award, the net price calculator or anything else related to admission, financial aid or affording Capital, please contact your admission counselor.
The Financial Aid Office is located on the first floor of Yochum Hall. If students have any questions about their Financial Aid Award, they can visit the office or call 614-236-6511 (or toll free: 1-866-544-6175).
Students should use myCap to view the following information:
- Financial Award Letter
- Financial Aid required documents needed
- Satisfactory Academic Progress
The Student Accounts Office can answer questions about the Capital Payment Plan, Twice-a-Year Option, or Combination Plans.
Parents can be added as a Proxy User in myCap to view bill statements, make payments, and view awarded financial aid.
Capital University is required by federal law to conduct quality assurance and verification of selected students’ financial aid. Get more information about the federal quality assurance and verification process.
Capital University’s Financial Aid Office operates under the guidelines established in the Financial Aid Code of Conduct (PDF). Please contact the office if you have any questions.