Overwhelmed?

The world of Financial Aid and Federal Student Aid can be overwhelming. Let us break this down for you and help make the process easier.

Here are the answers to the questions you always wanted to ask:

What is Financial Aid?

The Financial Aid Office assists students and their families with college expenses by helping them identify and qualify for the financial resources needed to achieve their goal of becoming servant leaders for the church. A student’s financial aid package may include:

  • Institutional aid
    • Tuition Scholarships
    • Academic Scholarships
  • Federal aid
    • Pell Grant
    • Federal Direct Loans
    • Work Study
    • FSEOG Grant
  • State aid
    • Vocational Rehabilitation (Voc Rehab)
  • Veteran’s aid
    • Chapter 33 (Post-911 benefits)
    • Chapter 35 (Dependent benefits)
  • Private aid sources
    • Churches
    • Private foundations
    • Civic organizations
    • School district scholarships

What is the difference between Federal Student Aid and Federal Direct Loans?

Federal Student Aid is financial aid from the federal government to help pay for your education expenses at an eligible college. Grants, loans, and work study are types of Federal Student Aid. You must complete the FAFSA to apply for this aid.

Federal Direct Loans are loans funded by the federal government to help pay for your education. A federal student loan is borrowed money you must repay with interest. View the Federal Student Loans document for more information.

What are the benefits of Federal Student Aid?

Whether it’s grants or loans, every student is eligible for some type of Federal Student Aid if they have completed the FAFSA. This allows students to help pay for their college expenses at Central. Because we are so affordable, Federal Student Aid may allow a student to graduate with minimal debt, if they so choose. A student who works, saves, and plans can achieve financial success while in college.

What are the benefits of a Federal Direct Loan?

Federal Direct Loans will help you pay your college bill. You are not required to pay your student loans while you are in school, but you my choose to.

Federal Direct Loans may not cover your entire school bill if you are a residential student. A combination of scholarships, grants, payment plan, and loans may be used to help pay your college bill. Please contact the Financial Aid Office for more information.

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