There are three primary forms of loans available for CCSJ students
- Federal Subsidized Loan – This is a loan for
which you must qualify based on financial need. The amount for which
you qualify is based on your enrollment status and on your level of
need.
- Federal Unsubsidized Loan – This loan is not
based on financial need. However, the amount that you may borrow is
limited by your enrollment status and cost of attendance.
Your CCSJ estimated award letter will list the maximum federal subsidized
and unsubsidized loan amounts for which you qualify based on the information
available to the CCSJ Office of Financial Aid at the time the award letter
was created. Though federal subsidized and unsubsidized loan money may
be listed on your award letter, there is no requirement that you take
out these loans. Also, you do not need to apply for the entire loan amount;
you may apply only for the portion of the loan that you need.
>>Apply
for a Stafford Loan
- PLUS* (Parental Loan for Undergraduate Students) Loan – PLUS loans are federal loans available to parents of undergraduate
students. The loan limit for PLUS loans is based on the student’s cost
of attendance minus other forms of financial aid received. The parent
must pass a credit check to qualify for a PLUS loan. Repayment of PLUS loans can be differred until the participating student ceases to attend college at least half time.
>> Apply
for a PLUS Loan
*PLUS loans are not listed on CCSJ Estimated Financial
Aid award letters. Please contact the CCSJ Office of Financial Aid to
find out more about applying for a PLUS loan.
Alternative Loan
Alternative Loan Code of Conduct: Calumet College of St. Joseph does not participate in any revenue -sharing arrangements with any lenders, does not steer borrowers to particular lenders or delay alternative loan certifications, and does not participate in offering of funds for private loans to students in exchange for providing concessions or promises to the lender for a specific number of federal student aid loans, a specified loan volume, or a preferred lender arrangement. This code of conduct is applicable to all officers, employees, and agents of the College and employees of the Office of Financial Aid are prohibited from receiving gifts from a lender, guaranty agency, or loan servicer; as well as accepting compensation for any consulting arrangement or contract to provide services to or on behalf of a lender relating to education loans and service on an advisory board, commission, or group established by lenders or guarantors, except for reimbursement for reasonable expenses.
(This information is in accordance with the U.S. Department of Education’s regulations on lender relationships)
The following web sites may provide you with useful information in researching lenders offering private educational loans.
LOAN LIMITS FOR 2010-2011
The federal government limits the amount you can borrow based on your
enrollment status, dependency status and year in school. Below are the annual loan limits for the 2010-2011
academic year. All students requesting a student loan for the first time
are required to complete Entrance
Counseling, a master promissory note and a loan application. All returning borrowers must complete a new loan application at least once each year. Before leaving CCSJ, students who have borrowed Stafford
loans are required to complete Exit Counseling. These counseling sessions will provide you detailed
information about the student loan process.
| Dependent Undergraduates |
Subsidized |
Unsubsidized |
| First Year |
$3,500 |
$2,000 |
| Second Year |
$4,500 |
$2,000 |
| Third Year & Beyond |
$5,500 |
$2,000 |
| Independent Undergraduates |
Subsidized |
Unsubsidized |
| First Year |
$3,500 |
$6,000 |
| Second Year |
$4,500 |
$6,000 |
| Third Year & Beyond |
$5,500 |
$7,000 |
| Graduate & Professional
Students |
Subsidized |
Unsubsidized |
| All Years of Study |
$8,500 |
$12,000 |
Find out about loan repayment amounts and budgeting tips by using a resources for financial aid. |
