Capella Financial Aid Agreement: Understanding Your Options
If you`re considering attending Capella University, it`s important to understand the financial aid options that may be available to you. Capella offers a variety of financial assistance programs, including scholarships, grants, and loans. One option to explore is the Capella Financial Aid Agreement.
What is the Capella Financial Aid Agreement?
The Capella Financial Aid Agreement is a contract between you and Capella University that outlines the terms of your financial aid award. It includes information about the types of aid you will receive, the amount you will receive, and the conditions you must meet to maintain your eligibility for aid.
The agreement will also include details about the cost of attendance, which includes tuition and fees, books and supplies, and living expenses. It`s important to understand these costs so you can make informed decisions about your financial aid options.
What types of aid are included in the Capella Financial Aid Agreement?
The types of aid included in the agreement will depend on your individual financial situation and the programs you are eligible for. Some common types of aid that may be included are:
– Federal grants: Grants are awards that do not need to be repaid. Capella participates in several federal grant programs, including the Pell Grant and Federal Supplemental Educational Opportunity Grant (FSEOG).
– Scholarships: Capella offers several scholarships to eligible students, including the Capella Progress Reward and the Capella Alumni Scholarship.
– Federal loans: Loans are funds that must be repaid with interest. Capella participates in several federal loan programs, including the Direct Subsidized Loan and Direct Unsubsidized Loan.
– Private loans: Private loans are offered by banks, credit unions, and other lenders. These loans may have higher interest rates and less favorable repayment terms than federal loans.
How do I maintain my eligibility for aid?
To maintain your eligibility for financial aid, you must meet certain requirements outlined in the Capella Financial Aid Agreement. These requirements may include maintaining a minimum GPA, completing a certain number of credit hours each semester, and remaining enrolled in an eligible degree program.
It`s important to carefully read and understand the terms of your financial aid agreement so you can avoid losing your eligibility for aid. If you have any questions or concerns about your financial aid package, don`t hesitate to contact Capella`s financial aid office for guidance.
In conclusion, the Capella Financial Aid Agreement is an important part of your financial aid package if you`re attending Capella University. By understanding the types of aid available to you and the conditions you must meet to maintain your eligibility, you can make informed decisions about your educational expenses and set yourself up for success in your academic and professional goals.