Concordia University Chicago (CU) Financial Aid, FAFSA/Federal School Code, Scholarships and Deadlines 2022

$4,624

Avg. Federal Grant

$5,270

Avg. Federal Loan

$24,490,133

Total Aid Awarded

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Concordia University Chicago (CU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

88%

Total Aid Amount Average Total Aid Awarded per year.

$24.490M

Financial Aid Official Website

www.cuchicago.edu/financial_planning

Every student admitted to Concordia University Chicago receives either a merit scholarship or an admission award provided by Concordia University Chicago. In order to determine eligibility for any need-based grants, loans or student employment, the Free Application for Federal Student Aid (FAFSA) must be completed each year.

Federal loans are insured through the U.S. Department of Education, which may provide safeguards to the borrower such as deferment, forbearance and forgiveness options. Private loans are issued through some of the lending institutions and are generally exempt from those of federal benefits. These loans aren't supported credit approval but do require submission of a FAFSA per annum.

Few Scholarships available for the students of Concordia University Chicago are as follows-

Music Scholarships
Yancy Organization's Scholarship
DegreedUp Scholarship
CareID Scholarship

Financial aid offers for the 2020-2021 academic year will continue for incoming freshmen and transfer students as regularly scheduled. The financial aid offer will come within three weeks of admission to the university or receipt of FAFSA.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

55%

State Grant Aid

49%

Institution Grant Aid

100%

Pell Grant

55%

Average Aid Awarded

Federal Grant Aid

$4,624

State Grant Aid

$4,603

Institution Grant Aid

$18,576

Pell Grant

$4,361

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and federal grants with institutional grants having the highest percentage contribution of 100% with an average aid amount being $18,576.

Pell grants have a percentage of 55% with an average aid amount of $4,361 which is lower than the state grant aid average of $4603.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$25,834

$30,001 - $48,000

$25,933

$48,001 - $75,000

$24,047

$75,001 - $110,000

$21,362

Over $110,000

$18,979

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $25,834 while those with family income over $110,000 can expect to receive an aid amount of $18,979. This helps students who are coming from low-income homes to pay for their degree.

Student Loans for Concordia University Chicago (CU)

Average Loan Amount Average Loan Amount received per year.

$5,864/Year

Students Taking Out Loans

81%

Loan Default Rate

4.6%

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The Student loan is a kind of financial aid which has to be paid within a stipulated time period. Students of Concordia University Chicago receives $5,864 as an average loan amount and around 81% of the students opted for this financial aid to fulfil their financial needs. The loan default rate is 4.6%.

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