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15│ COLUMBIA INTERNATIONAL UNIVERSITY 2017-2018 │FINANCIAL AID
Undergraduate loan limits with demonstrated financial need:
Classification
(Credits
Earned)
Subsidized Unsubsidized Total Loan
Additional Unsubsidized for
Independent Student
Freshman
(0-29)
$3,500 $2,000 $5,500 $4,000
Sophomore
(30-59)
$4,500 $2,000 $6,500 $4,000
Junior
(60-89)
$5,500 $2,000 $7,500 $5,000
Senior
(90+) $5,500 $2,000 $7,500 $5,000
Undergraduate loan limits without demonstrated financial need:
Classification
(Credits
Earned)
Unsubsidized
Additional Unsubsidized for
Independent Student
Freshman
(0-29) $5,500 $4,000
Sophomore
(30-59) $6,500 $4,000
Junior
(60-89) $7,500 $5,000
Senior
(90+) $7,500 $5,000
Graduate-level students may qualify for the Federal Direct Unsubsidized Loan with a maximum annual loan limit of $20,500.
Graduate Level Certificate Programs are not eligible for Federal Direct Loans.
You can find more information at www.studentloans.gov and
Loan Process for New Borrowers: If a student has been awarded and has accepted their Federal Direct Loan(s) through
their electronic award letter they must complete both Federal Direct Loan Entrance Counseling and electronically sign a
Federal Direct Loan Master Promissory Note. Both of these forms are available at www.studentloans.gov. Once eligibility
for the Federal Direct Loan(s) is verified and the university processes the Direct Loan(s) the student will receive a Loan
Disclosure Statement from the Department of Education. The Disclosure Statement will include disbursement dates and
loan amounts. Loan funds are applied directly to the student’s account at CIU. Please note a student must be enrolled at
least half time in a degree seeking program each semester in order to be eligible for Federal Direct Loan(s).
Loan Process for Previous Borrowers : If the student has previously borrowed a Federal Direct Loan and accepts loans
through their electronic award letter for the upcoming year, the loans will be processed automatically. However, if the US
Department of Education is missing either the Loan Entrance Counseling or the MPN, the student will need to complete the
required forms online at www.studentloans.gov prior to loan processing. Once processed, the student will receive a Loan
Disclosure Statement from the Department of Education indicating disbursement dates and amounts. Once eligibility for the
loan has been verified, the funds will deposit directly into student’s account at CIU.