About

Financial Aid for CBU Online Students

CBU Online facilitates a number of financial assistance options. There are various scholarships and loans available for students who meet eligibility requirements, including Federal programs, State programs, and private scholarships. We recommend that students complete a Free Application for Federal Student Aid (FAFSA).

Online Estimator

Use the Online Estimator to see the aid you may be offered.

Grants

Federal Aid

Federal Pell Grant: This Federal program is awarded based upon financial need as determined by FAFSA.
Federal Supplemental Educational Opportunity Grant (FSEOG): FSEOG is a Federal grant designed to assist students with the highest need as determined by the FAFSA.

State Aid

Cal Grant: Cal Grant is funded by the State of California and awarded to residents who meet GPA and financial criteria. To be considered, students must submit a FAFSA Application. If you are applying for Cal Grant, then the priority deadline for filing your FAFSA is March 2 for the upcoming school year. Your community college or high school may submit your GPA electronically, however, it is the student’s responsibility to ensure that the GPA Verification Form is postmarked by March 2nd.
Chafee Grant: The California Chafee Grant Program provides grants to Foster Youth and Former Foster Youth to assist with college costs. Recipients must be or have been eligible for Independent Living Program (ILP) services between your 16th and 18th birthdays.

State and Federal Grant amounts and qualifications.

Loans

Federal Direct Loans: Federal Direct Loans are offered to graduate and undergraduate students at a fixed interest rate. Students must be enrolled at least half time, have completed a current FAFSA, be a U.S. Citizen or Permanent Resident, and not be in default on any Federal Loans to be eligible. Eligibility for Federal Direct Loans is not based on credit history. Depending on the student’s financial needs, Direct Loans may be subsidized or unsubsidized. Loan repayment begins six months after the student leaves school or falls below half-time enrollment.

Types of Federal Direct Loans:

Subsidized: for students who demonstrate financial need, as determined by the FAFSA. No interest is charged while a student is in school at least half-time, during the grace period, and during deferment periods. The Subsidized loan MUST be accepted in full before accepting the Unsubsidized loan.
Unsubsidized: not based on financial need; interest is charged during all periods, even during the time a student is in school and during grace and deferment periods. Student needs to complete the FAFSA.

Fixed interest rate and loan fee information.

Federal Parent PLUS (Parent Loan for Undergraduate Students): Loans are available to parents of undergraduate dependent students to help pay for the cost of education. Federal PLUS Loans are funded by the US Treasury, and parents may borrow up to the cost of education minus other financial aid. Interest rates, fees, and minimum deferment options are set by the Federal Government. Eligibility for Federal Parent PLUS is based on the parent’s credit history.

Fixed interest rate and loan fee information.

Apply for a Parent PLUS Loan (parent’s FSA ID is needed to log in).

Federal Graduate PLUS: The GRAD PLUS loan is available to graduate students who need additional loans outside their Unsubsidized loans (FAFSA required). Federal GRAD PLUS Loans are funded by the US Treasury, and graduate students may borrow up to the cost of education minus other financial aid. Interest rates, fees, and minimum deferment options are set by the Federal Government. Eligibility for Federal GRAD PLUS is based on the graduate student’s credit history.

Private Loans: Private loans are available to students who do not qualify for Federal loans or need additional aid. Students have the option to select the lender of their choice.

Undergraduate Online Cost of Attendance