Graduation

Paying for College

Demystifying Financial Aid

Paying for college is stressful — for many, it’s the biggest hurdle to pursuing a higher education.  Calumet College of St. Joseph is committed to making your education investment affordable, and we will do everything we can to help you understand and secure the funds you need to attend. 95% of our students receive financial aid, and all admitted students are automatically considered for internal scholarships and grants.

Our Financial Aid counselors will walk you through how financial aid works, resources to pay for college and even help you complete your FAFSA.

FAFSA Simplification Act

Changes to Financial Aid in 2024-2025

The biggest changes in 40 years will be happening in Financial Aid starting the 2024-2025 academic year. We know this can make financial aid feel even more confusing and overwhelming. The Financial Aid Office is prepared for these changes and will help you stay informed about your Financial Aid resources and the changes ahead.

What's changing? Why?

The FAFSA Simplification Act represents a significant overhaul of the processes and systems used to award federal student aid starting with the 2024–25 award year. Some changes have already gone into effect in prior academic years, but the largest changes are occurring in 2024-25. This includes changes to the Free Application for Federal Student Aid (FAFSA®) form, need analysis, and many policies and procedures for schools that participate in federal student aid programs. These changes will alter how it looks for students to apply for aid through the FAFSA® form and the methodology for determining what aid students may be eligible for.

Applying for Financial Aid

There are many types of financial aid available to help you cover the costs of tuition, books, and living expenses while you go to school. Follow the steps below to get started!
submit-transcripts
Apply for Financial Aid

All financial aid applications begin with the FAFSA form.

The FAFSA application: The Free Application for Federal Student Aid (FAFSA) provides financial aid for U.S. citizens and eligible non-citizens, such as permanent residents. Visit the FAFSA website to create your FSA ID and to complete your application.

submit-transcripts
Apply for Financial Aid

All financial aid applications begin with the FAFSA form.

The FAFSA application: The Free Application for Federal Student Aid (FAFSA) provides financial aid for U.S. citizens and eligible non-citizens, such as permanent residents. Visit the FAFSA website to create your FSA ID and to complete your application.

Types of Financial Aid

All students are automatically considered for Calumet College scholarships based on their application for admission. To be considered for need-based financial aid including federal grants, federal loans and Work-Study, submit the FAFSA as soon as possible after October 1st. The FAFSA is the only application Calumet College requires to be considered for need-based financial aid.

Grants are gifts of money that do not have to be earned or repaid by the student. This is the preferred way of many students to pay for college before they start taking out loans.

Funding for scholarships is made possible through the generous support of individuals and organizations. Calumet College of St. Joseph offers many scholarships and grants to CCSJ students each year. Students may also have scholarships from other sources, or “Outside Scholarships.” CCSJ also offers a select number of athletic scholarships each year. These are separate from tuition waivers, which do not appear on award letters.

Federal Grants

To be considered for federal grants, students are required to file the Free Application for Federal Aid at www.fafsa.gov on an annual basis.  The FAFSA is available on October 1st each year for the following academic year.  Each grant program name has a link to follow to the Federal Student Aid website for additional information.

Federal Pell Grant is a program for undergraduate students working on their first bachelor’s degree program who demonstrate financial need.  Awards will vary based on estimated college costs and the number of credit hours the student is enrolled in. Federal Pell Grant lifetime eligibilty is limited to 12 semesters or the equivalent.

Federal Supplemental Opportunity Grant (FSEOG) is a program for undergraduate students working on their first bachelor’s degree, are eligible for a Federal Pell Grant, and who demonstrate exceptional need.  CCSJ defines students with exceptional need as students with a zero Expected Family Contribution (EFC)*.  The EFC is calculated from the information provided on the FAFSA.  Funds are limited and are awarded to students on an annual basis which are not guaranteed from year to year. 

*Note that if remaining funds are available after awarding FSEOG to all Federal Pell Grant Recipients, the college shall award remaining FSEOG funds to eligibile students with the lowest EFCs.

Iraq and Afghanistan Service Grant is a program for students whose parent or guardian was a member of the U.S. armed forces and died as a result of performing military service in Iraq or Afghanistan after the events of 9/11.  Students must be eligibile for a Federal Pell Grant and must have been younger than 24 years old or enrolled at least part-time at a college or career school at the time of the parent’s or guardian’s death.  Awards vary.

State Grants

To be considered for most state grants, students are required to file the Free Application for Federal Aid at www.fafsa.gov on an annual basis.  The FAFSA is available on October 1st each year for the following academic year.  FAFSA deadlines may apply and will vary from state to state. Each grant program resource has a link to follow for additional information.

Indiana State Grants consist of multiple programs and are administered through The State Student Assistance Commission of Indiana (SSACI). Students must file the FAFSA by April 15 each year for consideration.

Other State Grants and scholarship programs should be researched through the state government department where the student resides for eligibility criteria and application procedures.

Loans are need or non-need based funds that must be repaid with interest and require a loan application. Students generally prefer to take out the smallest amount of loans and are usually the last resort. Learn more about the types of student loans available and how to apply for them.

If you will have education costs not covered by other sources of financial aid (such as scholarships or student loans), you and your family may want to consider a parent or private loan. These additional loans are not listed in your award package. Based on your individual need, you may choose to apply for them. Learn more about these types of loans.

Work-Study Jobs

Work study is awarded based on need to students who indicate they are interested in student employment on the FAFSA.  Jobs are funded through the federal work-study program. A completed FAFSA application is required to determine eligibility.

Frequently Asked Questions

Any student needing assistance with the cost of higher education should apply for financial aid. Not all federal aid is based on need, so we encourage all students to file the FAFSA, regardless of family income.

The Free Application for Federal Student Aid (known as the FAFSA) is a form that can be filled out annually by current and anticipating college students, and sometimes their parents, in the United States. It is used to determine eligibility for federal student financial aid. Aid can include Pell grants, Stafford loans, PLUS loans and work-study programs.

When we receive your FAFSA information, a CCSJ Financial Aid staff member will review your application to determine your eligibility for federal, state, and institutional aid. To calculate your financial aid need, your total expected family contribution (EFC) is deducted from your student budget/cost of attendance.

CCSJ no longer maintains paper FAFSA copies. We encourage all students to apply online at through the FAFSA website, fafsa.gov.

You must provide the income of the parent you lived with for the majority of the previous year (custodial parent). If your custodial parent is remarried, you must report your step-parent’s income and assets as well.

EFC, also known as “expected family contribution,” is a measure of how much the student and his or her family can be expected to contribute towards the cost of the student’s education. It is determined based on the information provided on the FAFSA and calculated from a specified formula in accordance with federal guidelines. If you have any questions on determining your EFC, you may use the College Cost Calculator.

Living on your own and supporting yourself does not make you Independent for FAFSA purposes. In order to file as an Independent student, you must be able to answer yes to at least one of the following questions:

  1. Will you be 24 or older by Jan. 1 of the school year for which you are applying for financial aid? For example, if you plan to start school in August 2022 for the 2022–23 school year, will you be 24 by Jan. 1, 2022 (i.e., were you born before Jan. 1, 1999)?
  2. Are you married or separated but not divorced?
  3. Will you be working toward a master’s or doctorate degree (such as M.A., MBA, M.D., J.D., Ph.D., Ed.D., etc.)?
  4. Do you have children who receive more than half of their support from you?
  5. Do you have dependents (other than children or a spouse) who live with you and receive more than half of their support from you?
  6. Are you currently serving on active duty in the U.S. armed forces for purposes other than training?
  7. Are you a veteran of the U.S. armed forces?
  8. At any time since you turned age 13, were both of your parents deceased, were you in foster care, or were you a ward or dependent of the court?
  9. Are you an emancipated minor or are you in a legal guardianship as determined by a court?
  10. Are you an unaccompanied youth who is homeless or self-supporting and at risk of being homeless?

Once you have been accepted to CCSJ and we have received your FAFSA, your eligibility for federal, state, and institutional aid will be determined. Within a week, you should receive a link to your online award letter via your CCSJ student email account. Requests for further documentation (such as Verification documentation) and additional instructions will also be sent to you. Your award letter and a list of any requested/missing documents can also be viewed via MyCCSJ if you are a current student.

The CCSJ Office of Financial Aid can take this into consideration and possibly make adjustments to your financial aid. You are encouraged to fill out a Special Circumstances Form for any special circumstances that have occurred with your family and submit it to our office with supporting documentation.

Verification is a process used by the federal government to document and verify the information provided on the FAFSA. If you are selected for verification, CCSJ will compare the information on your FAFSA with signed copies of your and your parent(s)’ and/or spouse’s federal tax documentation and other documents. Federal law states we have the right to ask for this information before awarding federal aid. If there are differences between your FAFSA information and your financial documents, we will need to make corrections.

Final awards are ready to be disbursed to your student account.

Estimated awards are pending awards. Reasons for having estimated awards include but are not limited to: incomplete verification status; packaged loans for which you have not filled out loan paperwork; estimated Work-Study eligibility; you have not registered for classes.

All awards, final and estimated are subject for revision based on eligibility and other financial aid.

There are many reasons why your financial aid may not be finalized. Some are listed below. If you have any questions as to why your financial aid is not finalized, contact the CCSJ Office of Financial Aid.

  • You have not completed a FAFSA.
  • You have not completed Verification. (When you are selected for verification, an email and a letter will be sent to you stating that you were selected for Verification and telling you the information required.)
  • There are errors on your FAFSA. (You should have received a letter stating the errors and how to fix them. Contact the CCSJ Office of Financial Aid if you have any questions.)
  • You have not applied for a loan.
  • You have not registered for class.

A revised award letter is sent to you each time a change is made to your financial aid. Financial aid changes include adding, subtracting, increasing, or decreasing an award or multiple awards. Also, a change in award status: estimated to final, for example, will be reflected in a revised letter.

All refund balances due to students are provided by the third party vendor Heartland ECSI. In order to deliver funds in the most expedient manner, students must sign up for direct deposit by clicking and using the login information emailed to them from Heartland ECSI. Students who do not sign up for direct deposit will be mailed a check from the vendor, which will take up to 10 business days. Be sure to keep your address on file current and complete.
If the student has any questions, please contact Heartland ECSI Customer Service at 1.844.760.6052 or cservice@ecsi.net. ECSI also offers online chat for an extra convenience.

The Federal Work-Study Program is a campus-based program with a limited allocation that provides paid jobs for eligible students. An estimated Federal Work-Study award amount will be listed on your CCSJ financial aid award letter if you indicated interest in this program on the current year FAFSA and have demonstrated financial need. To apply please visit the CCSJ Office of Financial Aid.

Subsidized Stafford Loan

Federally based loan program with eligibility determined based on cost of attendance, year in school, dependency status, and need. Interest is paid by the federal government while the student is in attendance taking at least 6 credit hours. Repayment begins 6 months after the student stops attending school at least half time, graduates, or ceases enrollment.

Unsubsidized Stafford Loan

Federally based loan program with eligibility NOT tied to need. Maximum eligibility is set by the federal government based on cost of attendance, year in school, and dependency status. Interest payments are the responsibility of the student as soon as the funds are disbursed, but may be deferred until repayment begins. Repayment begins six months after the student stops attending school at least half time, graduates, or ceases enrollment.

No, but you are encouraged to meet with a financial aid staff member at least initially to understand the financial aid process and address any questions you may have. CCSJ accepts student visitors on a walk-in basis.

The Financial Aid Process

How to Apply

All admitted students are automatically considered for Calumet College scholarships based on their application for admission.

The Free Application for Federal Student Aid (FAFSA) is the only application required to be considered for need-based financial aid. Apply online at fafsa.gov and use our Federal School Code 001834 to have your FAFSA sent to Calumet College.

The student and at least one parent (for dependent students) will need a Federal Student Aid ID (FSAID) to electronically sign the FAFSA.

When submitting the FAFSA, look for IRS Data Retrieval Tool to directly link your IRS income information to your FAFSA. Linking your IRS tax information directly to your FAFSA streamlines aid processing and reduces the need to Student Financial Services to collect supplemental documentation.

We encourage all students to complete and submit the FAFSA annually to ensure consideration for all available sources of financial aid. FAFSA information is used to determine eligibility for federal and state financial aid and internal financial aid from Calumet College.

When to Apply

Submit your FAFSA as soon as possible after October 1, 2022 to ensure consideration for all available sources of aid.

The 2022-23 and 2023-24 FAFSA is available at fafsa.gov.

Helpful Videos
FAFSA Resources

Contact our office on:

Completing the FAFSA
Determining Dependency Status and Whether Parental Information is Required
Determining Who is Your Parent for FAFSA Purposes
Other FAFSA questions

Your Financial Aid Award

The exact timing of your financial aid award depends on several factors. If you are an applicant for Fall 2022 Admission, submit your 2022-2023 FAFSA in October 2021 to ensure your financial aid award is issued as early in 2022 as possible. Your financial aid award may include estimated financial aid if we have requested any additional information or documentation or for federal/state awards which are subject to budget approval.

Financial aid awards for returning students will be available as soon as possible after registration for Fall classes are complete. Please see your advisor as soon as possible to expedite the process. Financial aid awards for continuing students are finalized after we verify Satisfactory Academic Progress at the end of the school year.

Calumet College mails all billing correspondence in the student’s name to their home address. It is the student’s responsibility to inform the College if an alternate address should be used. Someone other than the student may be designated as the primary billing contact person; however, the student must complete the FERPA Form to authorize this request.

Complete the FAFSA (Free Application for Federal Student Aid).

  • Go to fafsa.ed.gov and file your FAFSA, effective October 1st.
  • First-time filers and parent must create an FSA ID, (E-mail or user name and password) in order to sign the FAFSA. Go to studentaid.ed.gov/fsaid to create your ID and password.
  • Add Calumet College to your FAFSA by using the school code – 001834 under the “School Selection” tab on the FAFSA.

Complete the Verification process, only if selected.

The student will be notified by email if they have been selected for the verification process which will indicate the applicable award year(s). Students selected for verification will also have a message printed on their Student Aid Report (SAR). The student and parent(s) (if dependent on the FAFSA) will need to provide additional documentation to the Financial Aid Department within 2 weeks of receipt of request:

  • A completed Dependent or Independent worksheet to verify types of income, household size, and number in college. The Financial Aid Office will provide the correct form as they are award year specific.
  • Income verification for the 2022-2023award year:
    • Student and Parent(s) (if dependent on the FAFSA) 2020 tax information by using the IRS Data Retrieval Tool on the FAFSA or by providing a signed copy of your 2020 Federal Income Tax return and schedules 1, 2, 3, if applicable or obtain a federal 2020 Return Tax Transcript from the IRS (gov/transcriptsand/or
    • Tax non-filers who did not work or file taxes in 2020 will need to complete Form 4605-T, “Verification of Non-filing.”
  • Income verification for the 2023-2024 award year:
    • Student and Parent(s) (if dependent on the FAFSA) 2021 tax information by using the IRS Data Retrieval Tool on the FAFSA or by providing a signed copy of your 2021 Federal Income Tax return and schedules 1, 2, 3, if applicable or obtain a federal 2021 Return Tax Transcript from the IRS (gov/transcriptsand/or
    • Tax non-filers who did not work or file taxes in 2021 will need to complete Form 4605-T, “Verification of Non-filing.”

For additional information on verification please select the Verification tab above.

Log into your student portal, MYCCSJ to review and accept/decline your financial aid by August prior to start of your classes.

Step 1:Go to www.ccsj.edu. Under “Current Student”, select MYCCSJ.
Step 2: Log in via the directions found on the bottom left of the screen.
Step 3: Once logged in, select the “Financials” tab.
Step 4: Under “Financial Aid” click on “Accept/Decline Financial Aid.”
Step 5: Select the appropriate year, “2022-2023”
Step 6: Accept or decline each award offered. If you wish to borrow less in loans than what you were awarded, enter new amount in “Change Amount” field before accepting your loans.

Complete Student Loan Entrance Counseling and Master Promissory (MPN) Note by August 15th. This only needs to be completed once during your program enrollment and only if you plan to borrow a federal student loan. The PLUS MPN Master Promissory Note must be completed by any parent borrowing a Federal Parent PLUS Loan.

    • To complete Entrance Counseling or Master Promissory Note, go to studentloans.gov. Log in with your FSA ID (email and password for FAFSA).
    • When completing a Master Promissory Note for Federal Parent PLUS Loans, parents must log in with their own FSA ID, not the students.
    • References are required for all MPN’s. The approximate time to complete both is 15-30 minutes.
    • Loans cannot be disbursed until the MPN and Entrance Counseling (if applicable) is complete.

If you need additional funds to help cover your balance you have several options.  Set up a payment plan, or dependent students can have their parent apply for the Federal Parent PLUS loan or you may consider securing a private/alternative educational loan.  Graduate students can consider the Federal Graduate PLUS loan.  All Federal student loans and Federal Parent PLUS loans incur an origination fee that is deducted from the total amount of the loan before the loan is applied towards the student’s balance. The origination fees and interest rates can be found at https://studentaid.gov/understand-aid/types/loans/interest-rates#fees Please plan accordingly and consult with the financial aid office if you have any questions.

Payment Plans:

  • Students can sign up for a monthly payment plan with the Financial Aid Department; finaid@ccsj.edu, (219) 473-4340]. Payment plans should be established by the first day of the student’s term.
  • There is a $50 fee per payment plan.
  • Monthly payments are based off outstanding balance.
  • All outstanding balances must be paid by the end of the student’s

Federal Parent PLUS Loan:

  • Parents can apply for a Federal Parent PLUS Loan via https://studentaid.gov/plus-app/parent/landing under the parent’s FSA ID or via paper application from the Financial Aid Department.
    • The current interest rate and origination fee can be found at https://studentaid.gov/understand-aid/types/loans/interest-rates#fees
    • Repayment of Parent PLUS Loans are the responsibility of the parent.
    • Parent PLUS borrowers will be expected to start making payments once the loan is disbursed. However, borrowers can contact their loan servicer to request a deferment while the student is enrolled in school at least half-time.

Federal Graduate PLUS Loan

  • Graduate students can apply for a Federal Graduate PLUS Loan via the Financial Aid Department.
    • The current interest rate and origination fee can be found at https://studentaid.gov/understand-aid/types/loans/interest-rates#fees
    • Graduate PLUS borrowers will be expected to start making payments once the loan is disbursed. However, borrowers can contact their loan servicer to request a deferment while the student is enrolled in school at least half-time.

Private or Alternative Education Loans

  • Private or Alternative Education Loans are also available. CCSJ does not have a preferred lender list therefore, we recommend conducting your own research to determine the best loan for your personal situation.  CCSJ accepts educational loans from any lender.

For those students without a payment plan, each semester’s balance is due by the first day of the student’s term date.  

When you receive federal or state financial aid, federal guidelines require that you make real and measurable progress toward your degree in order to continue to receive federal or state financial aid. This requirement is called Satisfactory Academic Progress (SAP).

The Satisfactory Academic Progress Policy addresses your academic progress during all your terms of enrollment at Calumet College, including summer, whether or not you receive financial aid during the terms. At Calumet College, this policy applies to federal, state, and institutional aid, including federal loans. Note that institutional aid programs may have specific eligibility or renewal requirements in addition to the minimum requirements of the Satisfactory Academic Progress Policy.

View the full SAP Policy and Form.

If you or your family have encountered personal or financial hardships that were not accurately reflected at the time you filled out your FAFSA, our Financial Aid Department can review your file for consideration of special circumstances.

Below are examples of situations that are considered to be special circumstances:

  • Loss or reduction of employment, wages, or unemployment compensation
  • Loss of untaxed income or benefits e.g. Social Security benefits or child support
  • Separation or divorce
  • Death of a student’s parent (or independent student’s spouse)
  • Unusual expenses (such as medical costs)

If you feel you have an extreme situation that may allow for a Special Circumstances Review, visit the campus Financial Aid Office to determine if you should complete the Special Circumstances Review Form.  We will review your situation with you and determine what documentation you will need to submit to support your request for this review.

Students are chosen for verification by the Department of Education when they initially submit a FAFSA, or when corrections are submitted to verify that the information they put on the FAFSA matches their tax documents to receive aid. Decisions pertaining to who is chosen for verification is made by the Central Processing System.  Students selected for verification will have a message printed on their Student Aid Report (SAR).  The Financial Aid Office has the authority to verify additional students at their discretion, often to resolve conflicting information.

Students are encouraged, but not required, to submit all required verification documentation to the Financial Aid Office (FAO) within 2 weeks of receipt of request for documentation to give Financial Aid Administrators (FAAs) time to complete verification and package financial aid.  This allows the student to know their funding amounts prior to the start of classes and will ensure that aid is ready to disburse to the student account.  Calumet College will accept verification documentation at any time up to 120 days after the last day of the student’s enrollment at the institution or the verification deadline published in the Federal Register, whichever is earlier.  However, the institution still recommends that the student submit documentation as early as possible, ideally within 2 weeks of receipt of documents requested as verification corrections may need to be received and processed prior to the 120 days or Federal Register .  Should the student fail to submit documentation, leaving time for any corrections to be processed and received by the institution within the allowed timeframe, the student forfeits their federal aid for that academic year.

CCSJ does not package or disburse financial aid or process special circumstances (professional judgements) prior to verification completion. Should a student who disbursed under an Institutional Student Information Record (ISIR) that was not selected for verification be flagged for verification on a later ISIR transaction and fail to complete verification, the student must return any Federal Pell Grant or Federal Supplementation Opportunity Grant (FSEOG) funds they received that year.  You cannot employ or permit further Federal Work-Study (FWS) employment, and you cannot originate or disburse any additional Federal Direct Loans (subsidized, unsubsidized, or PLUS).

Due to the COVID pandemic, the Department of Education recognizes the need to continue to provide relief to millions of students and colleges facing challenges and barriers resulting from the ongoing national emergency.  The Department is continuing their waiver of certain verification requirements into the 2022-2023 award year.  The Department will maintain verification requirements that strictly focus on identity and fraud for the remainder of the 2022-2023 award year and waiving the remaining verification requirements.  This waiver applies no matter where institutions are in the verification process, e.g., if documents have been collected or requested but verification has not yet been completed or if an institution has not started the verification process or requested verification documents.  This does not exempt institutions from requirements to resolve conflicting information concerning a student’s eligibility.  This waiver begins effective May 18, 2022, the date DCL ID: GEN-22-06 was published.

 

Verification Requirements

The student will be notified via email if they have been selected for the verification process which will indicate the applicable award year.  The student and parent(s), if dependent on the FAFSA should provide additional documentation to the Financial Aid Department within 2 weeks of receipt of request to expedite aid processing:

 

    • A completed Dependent or Independent worksheet to verify types of income, household size, and number in college. The financial aid office will provide the correct form as they are award year specific.
    • Income verification for the 2022-2023 award year:
      • Student and Parent(s) (if dependent on the FAFSA) 2020 tax information by using the IRS Data Retrieval Tool on the FAFSA or by providing a signed copy of your 2020 Federal Income Tax return and schedules 1, 2, 3, if applicable or obtain a federal 2020 Return Tax Transcript from the IRS (www.irs.gov/transcriptsand/or
      • Tax non-filers who did not work or file taxes in 2020 will need to complete Form 4605-T, “Verification of Non-filing.”
    • Income verification for the 2023-2024 award year:
      • Student and Parent(s) (if dependent on the FAFSA) 2021 tax information by using the IRS Data Retrieval Tool on the FAFSA or by providing a signed copy of your 2021 Federal Income Tax return and schedules 1, 2, 3, if applicable or obtain a federal 2021 Return Tax Transcript from the IRS (www.irs.gov/transcriptsand/or
      • Tax non-filers who did not work or file taxes in 2021 will need to complete Form 4605-T, “Verification of Non-filing.”

For additional information on verification please select the Verification tab above.

Notification of Changes

The Financial Aid Administrator will notify the student of award changes to their primary email address when the verification process is complete, usually within 1-2 business days.  The email will contain the link to the Wave portal to view complete financial aid award details.

For forms, additional information on the verification process or the resolution of conflicting information, please contact the Office of Financial Aid at (219) 473-4296. You can also visit the Federal Student Aid website.

Net Price Calculator

This calculator provides an approximation of what a new, undergraduate student can expect to pay to attend Calumet College of St. Joseph. It is not intended for use by continuing, graduate, international, or part-time students. The process will take about 10 minutes. You will need:

  • Your family’s 2021 tax return and W2s
  • The student’s academic information (including GPA, class rank, ACT scores, and SAT scores)

NOTE: This is not an official application for financial aid. The results provided here are an estimate, do not guarantee the actual aid you will receive, and shall not be binding on Calumet College of St. Joseph, the State of Indiana, or the U.S. Department of Education. The estimate is subject to the accuracy of the information you provide, may change if financial or family characteristics change, and does not incorporate any special circumstances, which are reviewed after you officially apply for aid. This software incorporates estimated simulated U.S. Department of Education formulas; all rights reserved. The student must complete the Free Application for Federal Student Aid (FAFSA) to determine eligibility for federal funds.

Financial Aid Resources

National Student Loan Data System (NSLDS)

The National Student Loan Data System (NSLDS) is the Department of Education’s data clearinghouse for all government-backed student loans and grants. Students and other borrowers who have Title IV loans or Pell Grants can gain access to any of their loan/grant information through this government maintained database. Information available on the NSLDS site that you might need access to:

  • Your current loan status
  • Disbursement information
  • Loan balances
  • Grant awards
Indiana Commission for Higher Education (CHE)

CHE’s mission is to make college affordable through need-based grants and to allow choice by granting awards to those attending public, independent & proprietary colleges. Visit CHE to learn about:

  • Your eligibility for state financial aid.
  • View the history of grants, awards and scholarships you have received from the state of Indiana.
  • Change your first-choice college.
  • Update your address and phone number.
  • Check to see if you have any outstanding issues that might prevent you from getting state aid.
Loan Repayment Calculators

Helpful information about budgeting and calculating your loan repayment is available at https://studentloans.gov/myDirectLoan/, under “Use the Repayment Estimator”

Now You Have A Private College Choice!
Hammond College Bound Basic Qualifications

(see GoHammond.com)

  • Complete an application which will define educational history, college destination, and provide for a release of academic records (high school cumulative GPA).
  • Provide proof of home purchase date and proof of homestead deduction.
  • Demonstrate that he/she resides in an owner-occupied home within Hammond City limits. Proof of homeownership for the purposes of College Bound will require that the parent or legal guardian own a home with a current homestead exemption.
  • Be able to provide proof of legal guardianship in those situations where a natural parent is not the legal guardian. Student eligibility will be impacted by the date in which such guardianship is established.
  • Attend any accredited public or private school. Home-schooled students may apply for the scholarship through the program’s exception process.

For more information, please call (219) 473-4215 or visit the City of Hammond’s College Bound Program Page

Return of Title IV Policy (R2T4) for Complete Withdrawals

Federal financial aid recipients who withdraw from all courses before 60% of the term is completed are subject to Title IV regulations. Calumet College must always return any unearned Title IV funds within 45 days of the date the school determined the student completely withdrew from all attempted courses for the payment period and offer any post-withdrawal disbursement within 30 days of the date the school determined the student withdrew. Title IV funds are federal funds which include the Federal Pell Grant, SEOG, and all Federal Direct Loans.

The date of official withdrawal is the date the student begins the withdrawal process by completing required paperwork with Academic Advising. If a student officially completely withdraws after the 60% point in any given term, none of the student’s federal financial aid will be returned.
An unofficial withdrawal occurs when a student does not complete withdrawal paperwork nor does the student notify the instructor of their intent to withdraw due to an illness, accident, grievous personal loss or other circumstance beyond the student’s control. Because this student stops attending, the withdrawal date defaults to the midpoint of the semester and the student will receive the grade of FW. When a student receives Ws or FWs for all courses attempted, that student will then be subject to R2T4 regulations.

If a student completely withdraws, drops, or stops attending before financial aid is disbursed for the semester, the student may be eligible to receive a Post-Withdrawal disbursement. A Post-Withdrawal disbursement is for students who were eligible to receive Title IV Aid, but the aid did not disburse before the student stopped attending. The Financial Aid Office will determine if any aid was earned by using the calculation below in the example based on the student’s withdrawal date.

If a student did not receive all of the funds that were earned, that student may be due a post-withdraw disbursement. If the post- withdraw disbursement included loan funds, you may choose to decline the loan funds so that you don’t incur additional debt. Your school may automatically use all or a portion of your post- withdraw disbursement (including loan funds, if you accept them for tuition and fees. For all other school charges, the school needs your permission to use the post-withdraw disbursement. If you do not give you permission (which some schools ask for when you enroll), you will be offered the funds. However, it may be in your best interest to allow the school to keep the funds to reduce your debt at the school.

Order of Return of Title IV funds

A school must return Title IV funds to the programs from which the student received aid during the payment period as applicable, in the following order, up to the net amount disbursed from each source:

  • Unsubsidized Direct Loans (other than Direct PLUS Loans)
  • Subsidized Direct Loans
  • Direct PLUS Loans
  • Federal Pell Grants for which a Return is required
  • Federal Supplemental Educational Opportunity Grants (FSEOG)
Example

A sophomore withdraws three weeks into the semester. She was charged full-time undergraduate tuition of $8,365. A $2,250 subsidized Direct Loan paid some of charges; she paid the remainder from savings and has a $0 balance on her student account on the day of withdrawal. There are 109 days in the semester; she attended 23.

  • Percentage of earned aid = 23/109 = 21.1% earned.
  • Unearned aid = 100% – 21.1% (earned) = 78.9% unearned.
  • $2,250 (aid received) X 21.1% = $474.75 earned.
  • $2,250 – $474.75 = $1,775.25 unearned.
  • Amount of Aid to be Returned by School = Institutional charges times unearned percentage; $11,300 X 78.9% = $8,915.70.
  • Since $8,915.70 exceeds the amount of unearned aid, the lesser number is used. Therefore, $1,775 of the subsidized Direct Loan disbursement would be reversed from her student account. The loan debt is reduced but the student would have a tuition balance of $1,775 which would need to be paid before she could register for another term.
Satisfactory Academic Progress (SAP) Policy

Effective date July 1, 2011
Federal legislation governing all federal financial aid programs requires that students receiving federal financial aid make satisfactory academic progress (SAP) toward a degree in order to maintain eligibility for this aid. It is the policy of Calumet College of St. Joseph that all recipients of all financial aid programs, including state and institutionally funded programs, are subject to the same satisfactory academic progress standards as those for federal financial aid.

CCSJ defines the Academic Year for traditional undergraduate programs in terms of credit hours in standard terms.  The minimum definition of an academic year for an undergraduate traditional or undergraduate accelerated program would be 24 credits taken over 30 weeks of instruction.  The minimum definition of an academic year for a graduate program would be 18 credits taken over 30 weeks of instruction.  Payment periods are determined by terms.  CCSJ does offer accelerated Degree Completion undergraduate programs and Graduate Programs that use modules through a cohort structure; however, those modules are framed within a standard term definition.  All 3 program types; traditional undergraduate, accelerated undergraduate, and graduate programs, are structured using similar semester start and end dates within a 2-week variance.

Satisfactory academic progress at CCSJ is monitored:

  • at the end of fall semester traditional coursework,
  • at the end of each intersession,
  • at the end of the fall semester modular coursework,
  • spring semester traditional coursework
  • spring semester modular coursework
  • summer semester traditional coursework
  • summer semester modular coursework.
  • Graduate runs at the end of fall/spring and summer semesters
  • At the time of readmission for a student returning for the same degree level

As grades and module timeframes closely mirror standard term timelines, module classes and programs are also monitored at the end of each intersession, spring, and summer semester.  All modular classes are structured within standard academic term lengths, so no exceptions are necessary.   All SAP standards are reviewed based on all classes in all semesters taken at CCSJ. Additionally, all accepted transfer credits from regionally accredited colleges and universities as well as developmental credits taken at CCSJ are included in the calculation of the Percentage of Credits Completed or Pace Standard.

If a student changes majors or seeks to earn dual major degrees, the calculations remain the same. However, if a student receives a bachelor’s degree or master’s degree, the calculations will start over for the new degree the first semester attended following original degree completion. (Please note: SAP standards are the minimum criteria for maintaining financial aid eligibility. Certain forms of financial aid may carry other requirements for renewal.)  All periods of the students’ enrollment, even periods in which the student did not receive FSA funds and meet these standards, are the same for students who are not receiving Title IV aid.  Components must be as strict or stricter as the policy the institution applies for those students not receiving Title IV aid.

SAP consists of three required components:  

  • Qualitative Standard (Cumulative GPA or CGPA)
    All undergraduate students are required to maintain a 2.0 CGPA and graduate students are required to maintain a 3.0 CGPA.  All programs adhere to these CGPA limits.  Any student falling below that standard for any enrolled term will be placed on SAP (Financial Aid) warning.  If a student continues below the standard in a subsequent term, that student will be placed on SAP (financial aid) suspension and will not qualify for any form of financial aid. For programs greater than two academic years, CCSJ will check the qualitative measure at the end of the second academic year (student must have a “C” or its equivalent or have an academic standing consistent with the institution’s requirements for graduation).  Institutional Research will run this report after each semester.  Those that are not meeting standard will be contacted by Academic Advising.  The student will be placed on SAP (financial aid) suspension and will not qualify for any form of financial aid.
  • Quantitative Standard (Pace)
    The student’s pace or rate of completion is evaluated after each enrolled term by dividing the cumulative credit hours earned by the cumulative credit hours attempted showing in the enrolled column on the unofficial transcript.  Students are required to maintain a rate of completion at a minimum 67% to meet SAP (Financial Aid) standards. Retake courses will count toward both the CGPA and toward credit hours attempted.  Withdrawals and incompletes do not count toward a student’s CGPA but do count toward credit hours attempted. Transfer hours accepted toward completion of a student’s program count as both credit hours attempted showing in the enrolled column on the unofficial transcript and credit hours earned.

Below are examples of Pace calculations:

Cumulative Earned Hours / Cumulative Attempted Hours = Percentage of Completion Pace standard of 67% met?
12 12 100% Yes
11 12 91.6% Yes
10 12 83.3% Yes
9 12 75% Yes
8 12 66.6% No
7 12 58.3% No
  • Maximum Time Frame Standard
    Students are expected to complete all academic requirements for a degree within 150% of the published length of the educational program in which the student is enrolled. Accepted transfer credit hours and consortium agreements are included in the calculation of the Maximum Time Frame Standard. Developmental credits do not count in this component.

Below are examples of Maximum Time Frame requirements:

Required Hours to Complete Degree Maximum Attempted Hours
Associate 58 – 60 87 – 90
Bachelor 118 – 120 177 – 180
Master 36 – 67 54 – 101

SAP Evaluation

 

  • SAP is calculated at the end of each fall, intersession, spring, and summer semester for all 3 components: qualitative GPA, quantitative Pace and Maximum Timeframe.
  • Students meeting the standards listed above when calculated will be in SAP good standing.
  • The first semester a student does not meet either the CGPA or Pace standard or both, the student will be placed on SAP (Financial Aid) Warning.   A student on SAP (Financial Aid) warning may continue to receive assistance under Title IV, HEA programs for one payment period despite a determination that the student is not making Satisfactory Academic Progress.  SAP (Financial Aid) Warning status may be assigned without an appeal or other action by the student.
  • The second consecutive semester a student does not meet either the CGPA or Pace standard, the student will be placed on SAP (Financial Aid) Suspension. The student will lose financial aid eligibility. The student will have to submit an appeal to be considered for financial aid reinstatement (see SAP Appeal Process below).
  • Once it is mathematically impossible for a student to complete within the 150% maximum timeframe of the published length of their program, the student becomes ineligible for aid.  Although not common, appeals for Maximum Timeframe can be considered on a case-by-case basis.  Student may appeal for this exception but there is no guarantee this will be granted.  Graduate school students are counted in credit hours rather than calendar time.
  • Students in traditional undergraduate, accelerated undergraduate and graduate programs will be notified by the Registrar’s Office via CCSJ email address and via certified letter if they do not meet one or more of the SAP components and how they may re-establish eligibility to receive assistance under Title IV, HEA programs.
  • Credit hours earned by testing and other non-standard means are counted in the SAP calculation as both attempted and earned. This includes hours earned from Credit by Exam, CLEP, LEAP, AP courses, Dual Credit Courses, ACE credits and Military Experience Credits.
  • All credits attempted through transfer or consortium agreements with other institutions counts as attempted and earned (if passing grades are received).
  • Remedial courses count in the Pace component as both attempted and earned hours (if passing grades are received) calculations even though credits may not apply toward completion requirements.   Remedial courses are counted in the CGPA component as well.  They do not count in the Maximum Timeframe component.

SAP Appeal

Upon completion of a warning term for students who still have GPA or Pace issues, and in rare instances where there are maximum timeframe issues, students will meet with their Academic Advisor to discuss their options to remain at CCSJ.  If during these conversations the advisor may determine that extenuating circumstances prevented their academic success in the past, the advisor will then offer the student the opportunity to appeal for continuation at the College and for continued eligibility in Title IV, HEA programs.  Extenuating circumstances include, but are not limited to, the death or severe illness of a family member, the illness or injury to the student, military service by the student, etc.  Links to the electronic appeal form will be emailed to the student at their CCSJ email address by their Advisor.

In the appeal form, the student will explain the extenuating circumstances that led to their lack of success, what has changed about their situation that will allow success in future terms, and how the student intends to move forward successfully.  Student will print and sign/date the appeal form and deliver via email or in person the full SAP appeal packet containing the signed/dated appeal and documentation to support the statements made in their appeal form.  Appeal forms are due a week before the beginning of the following semester.  Students will have 2 opportunities to file a SAP appeal over their lifetime at CCSJ.  An appeal cannot be approved for the same reason multiple times.

https://www.ccsj.edu/admissions/financial-aid/sap-appeal-form/

SAP Appeal Review Process

Once a student submits their SAP appeal and supporting documentation, the Appeal Committee made up of the Director, Academic Advising and the Director of Student Financial Services will review the appeal to confirm all sections have been addressed with appropriate supporting documentation.  Any incomplete appeal applications will receive a phone call for an opportunity to complete the application to move forward with the review process.  Any student who does not respond to this request and does not complete the application will have their appeal denied and placed on suspension.  Those students who have submitted complete appeals will be reviewed and approved or denied based on the strength of their appeal application, changes in situation and the extenuating circumstances proven by documentation.

The Appeal Committee will review the student’s statement and supporting documentation and determine if the appeal can be approved with a documented academic plan or denied.  If denied, the student will be suspended from the College and lose eligibility for Title IV, HEA programs at CCSJ.  Students are not eligible for an appeal if they cannot regain good standing within 3 semesters or less.

Appeal Decision Notification

Once an appeal decision has been reached, the Director, Academic Advising will email the approval or denial to the student’s CCSJ email address and mail a letter to the permanent address on file.  For those students approved, the letter will indicate the student’s approval is contingent upon establishing an appointment with their Academic Advisor and participating in the creation of their Academic Plan.  Only once this plan has been created and the student has agreed to the terms and conditions of the Academic Plan will they be fully approved and placed on Probation/Academic Plan status.  

Academic Plans

Upon approval of a SAP appeal by the Appeal Committee, the Academic Advising team will create an Academic Plan with the student.  Students will agree to the terms and conditions of the plan by initializing each term and sign and date the form.  Once the student has agreed to the terms and conditions of their plan, they will have their schedule determined per their meeting with their Academic Advisor as required by the Academic Plan created.  Students must adhere to their academic plan until they are in good standing.  If they fail to adhere to the terms and conditions of their plan, they will immediately revert to suspended status both from the College and for Title IV, HEA programs.  Academic Plans will be created for no longer than 3 semesters.

The Yellow Ribbon Program is a provision of the Post-9/11 GI Bill that can help students attend expensive private schools at little or no cost to themselves. Normally, Post-9/11 GI Bill payments at private schools are limited to a national maximum amount by law, although that amount changes every year, it seldom covers the full tuition and fees that private schools charge for enrollment.

Student Loans

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 dependency status, 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 dependency status, 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.

Interest Rates for Direct Subsidized Loans, Direct Unsubsidized Loans
For more information regarding interest rates, visit StudentAid.Ed.Gov

Student Loan Default Rate
Cohort Default Rate is the percentage of a school’s borrowers who enter repayment on student loans during a federal fiscal year (October 1 to September 30) and default prior to the end of the next one to three fiscal years. The following are the rates released by the Department of Education for CCSJ:

Cohort Year

3-Year Official Rate

2017

12.9%

2016

14.7%

2015

13.5%

2014

14.6%

2013

11.3%

2012

11.9%

2011

17.9%

2010

17.9%

2009

13.1%

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 PLUS loan is based on creditworthiness meaning a credit check must be submitted. Repayment of PLUS loans can be differed until the participating student ceases to attend college at least half time.

If a parent is declined as a result of the credit check, the parent can appeal the results by going to studentaid.ed.gov and documenting extenuating circumstances or by obtaining an endorser. Another option for a declined PLUS loan is for the undergraduate student to request additional unsubsidized loans from the Office of Financial Aid.

Parent eligibility requirements for a Direct PLUS Loan
You must be the student’s biological or adoptive parent or the student’s stepparent, if the biological or adoptive parent has remarried at the time of application. Your child must be a dependent student who is enrolled at least half-time at a school that participates in the Direct Loan Program. For financial aid purposes, a student is considered “dependent” if he or she is under 24, unmarried, and has no legal dependents at the time the Free Application for Federal Student Aid is submitted. (Exceptions are made for veterans, wards of court, and other special circumstances.) If a student is considered dependent, then the income and the assets of the parent have to be reported on the FAFSA.

Additional requirements to receive a PLUS loan
Parent PLUS loan borrowers cannot have an adverse credit history. If upon completion of the credit check, the parent is denied, the parent can appeal the denial by going to www.studentloans.gov and documenting extenuating circumstances or by obtaining an endorser. If then approved, the parent must complete PLUS Loan Counseling before the loan is disbursed. In addition, parents and their dependent child must be U.S. citizens or eligible non-citizens, must not be in default on any federal education loans or owe an overpayment on a federal education grant and must meet other general eligibility requirements for the Federal Student Aid programs. You can find more information about these requirements in Funding Education Beyond High School: The Guide to Federal Student Aid.

Loan limits, interest rates, and loan charges
There are no set limits for Direct PLUS Loans, but you may not borrow more than the cost of your child’s education minus any other financial aid received, such as a Direct Subsidized or Unsubsidized Loan. The school will determine the actual amount you may borrow.

Interest is charged on the Direct PLUS Loans during all periods, beginning on the date of your loan’s first disbursement.

In addition to interest, you pay a loan origination fee that is a percentage of the principal amount of each Direct PLUS Loan that you receive. This fee helps reduce the cost of making these low-interest loans. We deduct the fee before you receive any loan money, so the loan amount you actually receive will be less than the amount you have to repay.

The current interest rate and origination fee can be found at www.studentloans.gov.

Dependent students whose parents have applied for but were unable to get a PLUS Loan are eligible to receive additional Direct Unsubsidized Loan funds.

Repayment
There is no grace period for a Direct PLUS Loan—the repayment period begins 60 days after your school makes the last disbursement of the loan. However, if you’re a parent PLUS borrower who is also a student, you can defer repayment while you’re enrolled in school at least half time and (for Direct PLUS Loans first disbursed on or after July 1, 2008) for an additional 6 months after you graduate or drop below half-time enrollment.

If you’re a parent PLUS borrower, you can defer repayment of Direct PLUS Loans first disbursed on or after July 1, 2008, while the student for whom you obtained the loan is enrolled at least half time, and for an additional 6 months after the student graduates or drops below half-time enrollment (half-time enrollment status is determined by your child’s school). You must separately request each deferment period.

Applying for a Parent PLUS Loan
In order for a PLUS loan to be processed, the consent of the parent borrower is required. The Consent to Obtain Credit Report, which can be downloaded from the link below is to be completed by the parent of the student who wishes to apply for a PLUS loan. A CCSJ Financial Aid staff member will then process the credit check through the Federal Direct Loan website. Credit check approval is a requirement of the Federal Direct PLUS Loan process.

The Federal Direct PLUS loan application form is to be completed by both the student and the parent. The purpose of this form is for the parent to indicate the amount of the loan requested and the academic period for which the loan will be used. If you are unsure of the amount of the loan that you will need, contact the CCSJ Office of Financial Aid at (219) 473-4296.

Mail both completed forms to:
Calumet College of St. Joseph
Office of Financial Aid
2400 New York Ave.
Whiting, IN 46394
Or fax to: (219) 473-4340

If your PLUS loan has been approved, the parent requesting the loan must complete the PLUS Master Promissory Note (MPN). If your PLUS loan was approved after documenting extenuating circumstances or by obtaining an endorser, you must complete both the MPN and the PLUS loan counseling.

Denied for a Parent PLUS Loan
If the parent PLUS loan is denied, the undergraduate student can then qualify for additional unsubsidized federal student loans by requesting the additional funds from the Office of Financial Aid.

Alternative Loan

Another loan option that may be available to assist in the financing of a student’s education in addition to the Federal loans is an alternative loan. Alternative loans, also known as private loans, are those defined as loans that come from a bank, credit union, or other non-governmental source. These loans are not regulated by the federal government and have adjustable interest rates. The terms of the loans will vary from lender to lender, and the interest rate may be significantly higher than that of a Federal loan. Calumet College of St. Joseph does not promote specific lenders. In fact, we want to ensure that all students have exhausted all other Federal loan options before suggesting an alternative loan. We implore you to thoroughly research all options before making your decision.

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 the 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 websites may provide you with useful information in researching lenders offering private educational loans.

The federal government limits the loan amount you can borrow based on your enrollment status, dependency status, and year in school. Below are the current annual loan limits. All students requesting a student loan for the first time are required to complete entrance counseling and a master promissory note. Before leaving CCSJ, students who have borrowed Stafford loans are required to complete Exit Counseling. These counseling sessions will provide you with 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 Unsubsidized
All Years of Study $20,500

Find out about loan repayment amounts and budgeting tips by visiting studentaid.ed.gov.

Repayment of Student Loans

You have many options to choose from in repaying your student loans. Repayment plans can range from 10 years to 30 years. Other plans are based on income, regardless of your indebtedness. The shorter the repayment plan, the less interest you pay on your loans. Deferment and forbearance options are also available if you are unable to pay on your student loans for a period of time. These various repayment options provide borrowers with added flexibility when they are choosing their career path.

In most cases, repayment of your federal student loans begins approximately six months after you graduate. You can access calculators on the Web to see how much you would be paying. For more information on all your repayment options please go to the U.S. Department of Education’s Federal Student Aid Web site.

For loan interest rates, fees and other useful information on student loan borrowing and other tips for loan repayment, here is a resource you might find useful.

Some students choose to consolidate their loans before selecting a repayment plan. To learn more about your student loan consolidation options, please review this helpful Consolidation Information.

Income-Driven Repayment Plans and Public Service Loan Forgiveness

Two programs have been created which are of great importance to graduates who have high debts and low incomes, particularly for those who are planning a career in a public interest occupation (government and most non-profit organizations).

Income-Driven Repayment Plans

Loan payments are capped at 10-15% of monthly discretionary income. Discretionary income is defined to be the adjusted gross income of the student (and spouse, if you file jointly) minus 150% of the poverty level for the borrower’s family size. You can learn more about a popular income-driven repayment plan on the Federal Student Aid website by clicking on these links: Income Based Repayment.

A single borrower enrolled in Pay as You Earn who owes $100,000 of debt at an interest rate of 6.8% with an adjusted gross income of $40,000 would pay only $194 per month. The payment amount increases as earnings increase. This amount is significantly lower than the standard monthly payment of $1,155. Any loan balance remaining after 20 years of repayment under Pay As You Earn is forgiven.

Public Service Loan Forgiveness (PSLF) Program

Under this program, loans can potentially be forgiven after 10 years of repayment in an income-driven repayment plan. Borrowers who make 120 on-time payments on their Direct Loans while engaged in a full-time public service occupation can request that their remaining loan balance be forgiven. For more information about the Public Service Loan Forgiveness Program, please see PSLF.

Calumet College of St. Joseph participates in the William D. Ford Federal Direct Loan Program which includes the Direct Subsidized and Direct Unsubsidized Student Loans, the Direct Graduate PLUS Loans, and the Direct Parent PLUS Loans. In some cases, Alternative/Private Student Loans are needed to supplement the cost of education. CCSJ recommends that students exhaust all other methods of financing their education before applying for Alternative/Private loans.

Revenue Sharing

The term “revenue-sharing arrangement” means an arrangement between an institution and a lender which – (i) a lender provides or issues a loan that is made, insured, or guaranteed to students under the Higher Education Act attending the institution or to the families of such students; and (ii) the institution recommends the lender or the loan products of the lender and in exchange, the lender pays a fee or provides other material benefits, including revenue or profit sharing, to the institution, an officer or employee of the institution. CCSJ and its employees will not enter any type of revenue-sharing arrangement with any lender, guarantor, or servicer. CCSJ does not provide students a preferred lender list from which to select a lender for a private student loan. All loans are processed without regard to lender or mode of transmission (i.e., electronic or paper). CCSJ will neither recommend a private loan lender nor accept material benefits including revenue or profit-sharing to the institution, an officer, or an employee of the institution or an agent.

Gifts

Employees of the Financial Aid Office are prohibited from soliciting or accepting any gift from a lender, guarantor, or servicer of education loans

a. Gifts include any gratuity, favor, discount, entertainment, hospitality, loan, or other item. This includes a gift of services, transportation, lodging, or meals, whether provided in kind, by purchase of a ticket, payment in advance, or reimbursement after the expense has incurred.

b. Gifts to family members of an CCSJ employee are considered a gift to the employee if the gift is given with the knowledge and consent of the employee and there is reason to believe the gift was given because of the official position of that employee.

Contracting Arrangements

Employees of the Office of Student Financial Aid shall not accept from any lender or affiliate of any lender any fee, payment, or other financial benefit (including opportunity to purchase stock) as compensation for any consulting arrangement or other contract to provide services to a lender or on behalf of a lender relating to education loans.

Preferred Lender Status

CCSJ participates in the William D. Ford Federal Direct Loan Program which provides student and parent loans through the U.S. Department of Education. Lenders in the private student loan industry will not be given a preferred status. CCSJ will not produce a preferred lender list that gives any lender an advantage in securing business from AU students.

Private Loan Certification

CCSJ will not assign a borrower’s private student loan to a particular lender; all decisions will be made by the borrower in his/her independent review of borrower benefits and lender services.
CCSJ will not refuse to certify, or delay certification of, any loan based on the borrower’s selection of a particular lender or guaranty agency.

Opportunity Pool Loan

CCSJ will not request or accept from any lender any offer of funds to be used for private education loans (defined in section 140 of the Truth in Lending Act) including funds for an opportunity pool loan in exchange for CCSJ providing concessions or promises regarding providing the lender with a specified number of loans made, insured or guaranteed; a specified loan volume of such loans; or a preferred lender arrangement for such loans.

Staffing Assistance

CCSJ will not request or accept from any lender, guarantor, or servicer of student loans any assistance with call center staffing or financial aid office staffing.

Advisory Board Compensation

Employees of the Financial Aid Office who serve on an advisory board, commission, or group established by a lender, guarantor, or group of lenders or guarantors, are prohibited from receiving anything of value from the lender, guarantor, or group of lenders or guarantors, except that the employee may be reimbursed for reasonable expenses incurred in serving on such advisory board, commission, or group.

Meet

Our Financial Aid Team

Christopher Artim

Director, Student Financial Services

MelodyAnn Clark

Financial Aid Counselor

Michelle Concepcion, M.S.

Assistant Director, Student Financial Services
¡Hablo Español!

Office of Financial Aid

 Phone: (219) 473-4296
 Fax: (219) 473-4340
 Office: Room 120
 E-mail: finaid@ccsj.edu

 HOURS

  • Mondays and Tuesdays: 9:00 A.M. – 7:00 P.M.
  • Wednesdays and Thursdays: 9:00 A.M. – 5:00 P.M.
  • Fridays: 9:00 A.M. – 4:00 P.M.

You Belong

at Calumet College of St. Joseph!