FINANCIAL AID HANDBOOK

FINANCIAL AID HANDBOOK 2019-20

WELCOME ? TABLE OF CONTENTS

Congratulations!

College is a significant investment, but at Concordia we're committed to helping you and your family afford your education. We start with a formula developed by the federal government to determine your financial need and your expected family contribution. We then put together a package just for you. Here is some information to help you make sense of your financial aid award and tips for taking the next step.

Table of Contents

CobberNet and Banner. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Financial Aid/Cost of Attendance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Need-Based Grants. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Scholarships. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Federal Loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Federal Direct Loan Acceptance/Decline Process. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Federal Direct Parent PLUS Loan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Private Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Outstanding Disbursement Requirements. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 View and Pay Your Statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Tuition Management Systems (Payment Plan). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Work Study. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Appeal Process. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Satisfactory Academic Progress Policy (SAP). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Withdrawal Policy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Center for Student Success . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Writing Thank Yous. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Downloadable Forms. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Important Contacts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Concordia College Financial Aid Staff. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25

Due to the fact the status of student assistance programs is continuously changing, we run the risk that published print information may become outdated. To access the most accurate and up-to-date financial aid information, please visit ConcordiaCollege.edu/financialaid.

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COBBERNET AND BANNER

COBBERNET

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CobberNet is the point of entry to your college information. Once you've logged in you can easily access the following: ? Email ? College-related messages/news ? Course management system ? Housing sign-up ? Dining services ? Banner

BANNER

System used for registration, financial aid information and Business Office accounts. Incoming Students: The Office of Admissions mailed you your username and password. If you can't find it, call the Admission Office at 800.699.9897. To Access: ? Log in to CobberNet at ? Select the Banner link at the top of the page. Banner will open in a new window. ? Select Financial Aid tab

Here you can access your financial aid status, eligibility and award, as well as general financial aid information.

Note: You must view and accept the terms and conditions set by federal and state regulations and institutional policy prior to viewing your financial aid award for the first time.

To do this: ? Log in to CobberNet at ? Select the Banner link at the top of the page. Banner will open in a new window. ? Select Financial Aid tab ? Select Award ? Select Award for Aid Year (2019-20 aid year) ? Please view the Financial Aid checklist to see the status of your financial aid award and the

requirements.

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FINANCIAL AID/COST OF ATTENDANCE

FINANCIAL AID/COST OF ATTENDANCE

You will need this information for some loan applications.

Financial Aid

To access your financial aid award: ? Log in to CobberNet at ? Click on the Banner link at the top of the page. ? Select Financial Aid tab ? Select Award ? Select Award for Aid Year (select the appropriate academic aid year from drop down box). ? Select Award Overview tab

The financial aid award will be at the bottom of the page. Be sure to record the TOTAL when using the figure for the private/PLUS loan application process.

Cost of Attendance

Cost of Attendance is the estimated full and reasonable cost of completing one year (two semesters) of full-time attendance at a college or university. The estimate includes tuition, room, board, fees, transportation, personal expenses and books. To access your cost of attendance: ? Log in to CobberNet at ? Click on the Banner link at the top of the page. ? Select Financial Aid tab ? Select Award ? Select Award for Aid Year (select the appropriate academic aid year from drop down box). ? Select Award Overview tab

The cost of attendance will be on the right side of the screen. Be sure to record the TOTAL when using the figure for the private/PLUS loan application process.

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