The Office of Student Financial Aid administers federal, state and university need-based aid. Types of assistance include grants, scholarships, loans and employment.
Office of Financial Aid
The Clark Atlanta University Office of Student Financial Aid is committed to assisting students and their family with finding funding sources to help with financing their CAU education.
Whether you are a prospective applicant, returning student, graduate student, or summer school student, the office will provide information about the types of available financial aid, how to apply for aid, how to keep your aid and ways to manage your finances throughout the CAU educational experience. __________________________________________________________________________________________________________________________________________________
| Financial Aid Priority Deadline FEBRUARY 1ST |
School Code:
00155900 |
|---|
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We encourage you to complete your Free Application for Federal Financial Aid (FAFSA) application online. Our financial aid priority deadline is February 1. The school code for Clark Atlanta University is 00155900.
We strongly encourage students and parents to use Banner Web and complete the application process by our advertised deadlines:
March 1 for the fall term and October 1 for the spring term.
Our goal is to have aid applications completed and funds applied to the student's account by the beginning of the term for all students meeting our application deadlines. Summer and the beginning of the term are peak processing times for our office staff. Filing your financial aid application by the priority deadline will prevent any unnecessary delays.
All financial aid functions can be accessed and controlled without your ever having to come into the Office of Student Financial Aid. Simply access Bannerweb with your user ID and PIN and, with ease, you can experience our virtual office without being in the office.
Your user ID and PIN were included in your admissions packet. If you failed to receive them, please contact the Office of Admissions. You will need them to access your financial aid file online.
Your offer of Financial Aid must be accessed via Banner Web. You WILL NOT receive a paper Financial Aid Offer Letter. Should you decide to reject or reduce any part of the offer, you must come into the office and meet with a financial aid advisor. Your offer of Financial Aid is only an offer of financial assistance.
If your award includes a Subsidized and/or Unsubsidized Stafford Loan, you will need to complete our online process. That process includes completing an online application and Promissory Note, with a lender of your choice, and an online Entrance Interview (if a first-time student borrower at CAU).
If your award includes a PLUS Loan (parent loan); your parent will need to apply for the loan using our online process. Please note that the PLUS Loan is based upon the borrower's credit history.
The amount shown on the offer of Financial Aid on Banner Web indicates only the amount of eligibility. It is no guarantee of funds. The parent borrower will undergo a credit check and final approval rests with the lender.
Institutional Scholarships include merit-based scholarships and gap funding. Institutional scholarships and discounts require a completed FAFSA, full-time enrollment and satisfactory academic progress.
You must complete the application online, the Promissory Note with a lender of your choice, and an online Entrance Interview for first-time borrowers.
Yes, all students must sign a new Direct Loan Master Promissory Note (MPN) in order for loans to be disbursed to the school.
Our Student Expense Budget includes both direct and indirect costs. Direct costs are those charges paid to the University such as tuition, fees, room and board (if living on campus), and books (if purchased from the University bookstore).
Indirect costs are those charges you may incur for travel or transportation, room and board (if living off campus) or miscellaneous expenses included in the Student Expense Budget.
Please understand that all financial aid will be applied to direct costs first to reduce/eliminate a student's indebtedness to the University. Refunds will be generated to students only after a student's indebtedness to the University has been satisfied.
To determine how much you owe the University, subtract your direct cost from certain financial aid offered (all financial aid offered cannot be included). A PLUS Loan cannot be included unless the parent borrower has applied for the loan and it has been approved by the lender.
College Work-Study cannot be included because the funds must be earned after job placement. The University has no control over the student's potential earnings.
Outside scholarships will be treated as a resource until the funds are received by the University. If you are a recipient of an outside scholarship, we encourage you to have the donor remit the funds to the University as soon as possible. You are liable to the University should any outside funds not be received by the University.The University has made arrangements with several private agencies to offer alternative funding options to our students ranging from monthly payment plans to low-cost private loans with affordable interest rates.
We encourage you to explore these options several weeks in advance of the beginning of the term should you find yourself in need of additional funding options. Because these are private sources, you need to allow ample time for processing.Clark Atlanta University’s Work Study program establishes a system of student employment that
provides financial assistance to students to help cover educational cost and offer
academic and career development opportunities. The employment of students will involve
supplementary activities. Eligible students must be enrolled fulltime for the fall/spring semester taking six (6) minimum credit hours a semester (three (3) for graduate students) All students are eligible to work up to 20 hours per week.
Students with all charges paid and enough financial aid posted to cover the cost to attend will be automatically enrolled. You may verify your financial enrollment via Banner Web, under “Student Accounts.”
