Loans – Columbus State University


Loans are borrowed money that must be paid back with interest. The student must have a
FAFSA on file to receive a federal loan. The cohort loan default rate for Columbus State University was 10.1 for fiscal 2016 as of January 26, 2019.

Federal student loan programs

Federal Stafford Direct Subsidized Loan

This loan is granted based on financial need. You will not be charged interest until repayment commences or during authorized deferral periods. The federal government “subsidizes” the interest during these periods. You must be registered at least half-time and complete Entry loan advice and the Principal promissory note (MPN) before the loan can pay into your account.

Direct Federal Stafford Unsubsidized Loan

This loan is not granted on the basis of need. You will be charged interest from the time the loan is disbursed until it is fully repaid. If you allow the interest to accumulate, it will be capitalized, that is, the interest will be added to the principal of your loan and the additional interest will be based on the higher amount. This will increase the amount you will need to repay. You must be registered at least half-time, complete Entry loan advice and the Principal promissory note (MPN) before the loan can pay into your account.

Federal student loan interest rates

Federal student loan interest rates are set every July 1.

State loan program

Student access loan (SAL)

This is a needs-based loan available for undergraduates residing in Georgia. Students must have remaining needs after using all other aids including Stafford loans. Applications are approved by random draw up to $ 8,000 per academic year, with the application period generally opening in June.

Conditions of eligibility for the student access loan (in force from the 2018-2019 academic year)

GSFC Requirements:

  • GA resident
  • American citizen
  • Must have FAFSA on file
  • The student must be accepted and pursue a bachelor’s degree or associate’s degree
  • Do SAP or academically approved
  • Have demonstrated an unmet need according to the FAFSA calculation
  • Must be registered in at least 6 hours

CSU (Institutional) Requirements

Must meet quantitative SAP requirements (pace):

  • Must have a cumulative GPA of 2.0
  • Federal loan limits should not exceed $ 25,000 in total for dependent students and $ 40,000 for independent students

Students who do not meet the above criteria can submit an appeal to the Director of Financial Aid, which will be reviewed by the committee.

All students approved for SAL must complete the promissory note provided by GSFC, have it certified by a notary public, and return it to GSFC AND must complete the CSU SAL advice, which will be a form that can be completed at our service center. registration located at University Hall or by email. .

Student access loan application

Admission advice for the student access loan

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