Financial Aid

Our Financial Aid Office is available to help you apply for Federal and State Financial Assistance as well as Private Student Loans.  The responsibility of financing your education lies with you and your family. The Federal Financial Aid Program is available for students who qualify and is based upon your financial need. Our Financial Aid Office will guide you through the application process. You can reach us by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it. or by phone on extension 702. 

FORMS

2017-18

V1  Dependent Verification Worksheet

V1 Independent Verification Worksheet

V4 Dependent Identity Criteria Verification

V4  Independent Identity Criteria Verification

V5  Dependent Verification Worksheet

V5 Independent Verification Worksheet

There are several types of aid available, including various state and federal student loan programs as well as gift aid including grants and scholarships.

Federal Financial Aid must be reapplied for each academic year using the FAFSA (Free Application for Federal Student Aid).  Currently, only students enrolled in the following programs are eligible for Federal Financial Aid:

  • AA in Catholic Studies
  • BA in Theology
  • MA in Theology
  • MA in Theology for Catholic Educators

For the purposes of Federal Financial Aid, full-time status for Undergraduate programs is considered 12 credits in a 16-week semester. Full-time for Graduate programs is considered 6 credits in a 16-week semester.

Types of Aid

GIFT AID

Federal Pell Grant.
Federal Grant that is based on Need. Award does not need to be repaid.
Students must be enrolled at least ¼ time to be eligible for a Pell Grant in an undergraduate program. Graduate students are not eligible for the Federal Pell Grant

Eligibility is based on need.

FEDERAL LOAN PROGRAMS

Federal Subsidized Direct Loan Program.
Federal loan that is based on need. Students must be enrolled at least ½ time to be eligible for the Subsidized Direct Loan Program.  Principal and interest MAY BE deferred until after student leaves college or attends less than half time. Payment is deferred until six months after student leaves the University or attends less than half time.

Federal Unsubsidized Direct Loan Program.
Federal loan that is NOT need based. Students must be enrolled at least ½ time to be eligible for the Unsubsidized Direct Loan Program.  Principal and interest IS NOT deferred while the student attends college. Payment is deferred until six months after student leaves the University or attends less than half time.

Annual Limits for Subsidized and Unsubsidized Loan
Dependent Undergraduates (with approved PLUS Loan)

  Subsidized Additional Unsubsidized
First Year $3,500 $2,000
Second Year $4,500 $2,000
Third Year and Beyond $5,500 $2,000

 

Independent Undergraduates & Dependent Students with Unapproved PLUS Loan

  Subsidized Unsubsidized and
Additional Unsubsidized
First Year $3,500 $6,000
Second Year $4,500 $6,000
Third Year and Beyond $5,500 $7,000
Graduate and Professional Students $0 $20,500

 

Federal Parent Loan for Undergraduate Students (PLUS LOAN)
Credit-based loan for parents of dependent undergraduates. The loan can cover educational costs up to the cost of attendance.

VETERANS’ BENEFITS
Benefits provided for Veterans and Dependents of Veterans. Benefit is based on service provided to military branches.  Please contact the Veterans Administration or a Veterans Service Officer for information.

DISBURSEMENTS

DIRECT LOANS
First-Time, First Year Borrower:
Disbursements will be made 30 days after the academic year or program start date and again at 14 days after the beginning of the second module in the semester. All subsequent disbursements will be made 14 days after the beginning of the module.

Subsequent Borrowers, Parent PLUS Loans, and Graduate PLUS Loans
All disbursements will be made 14 days after the beginning of the module.

NOTE: ALL STUDENTS MUST HAVE RECORDED ATTENDANCE IN THE CURRENT MODULE IN ORDER TO RECEIVE A DISBURSEMENT.

FEDERAL PELL GRANT
All disbursements will be made 14 days after the beginning of the module.

STATE AND INSTITUTIONAL GRANTS VARY
Dependent on individual state requirements

PRIVATE LOANS VARY
Dependent on state requirements

Federal Direct Loan Counseling

Federal Direct Loan Entrance Counseling
Federal Direct Loan Entrance Counseling must be completed by anyone who is a first time borrower of the Federal Subsidized, Federal Unsubsidized, or PLUS Loan. Entrance counseling is meant to provide the borrower with enough information to understand the terms of borrowing student loans.

Catholic Distance University ensures that Loan Entrance Counseling is completed at the Federal Student Aid website, www.studentloans.gov.  Students must go the website and login to complete their Entrance Counseling session.

Entrance counseling includes, but is not limited to, explanations on topics such as:

  • Use of a Master Promissory Note (MPN)
  • Importance of repayment
  • Consequences of default
  • Sample repayment schedules
  • Borrower’s rights and responsibilities
  • Information on the National Student Loan Data System (NSLDS)
  • Borrower’s maximum eligibility periods
  • Responsibility for all accruing interest on Federal Direct Loans
  • Borrowing aid wisely


Federal Direct Loan Exit Counseling
Catholic Distance University will notify students electronically and in writing to complete loan exit counseling online at the Federal Student Aid website, www.studentloans.gov, within 30 days of their withdrawal, enrollment of less than ½ time, or completion of their program.

CDU will also notify students via email to advise them of the exit counseling requirement.  All required exit information is included in the Federal Exit Counseling Guide for Federal Student Loan Borrowers, which can be found at https://studentaid.ed.gov/sa/sites/default/files/loan-exit-counseling.pdf

Exit counseling includes, but is not limited to, explanations on topics such as: 

  • Use of a Master Promissory Note (MPN) 
  • Repayment obligation
  • Consequences of default
  • Sample repayment schedules
  • Borrower’s rights and responsibilities
  • National Student Loan Data System (NSLDS)
  • Possible loss of eligibility for additional Direct Subsidized Loans
  • Borrowing aid wisely

Cancellation, Withdrawal, Add/Drop Period

ADD/DROP PERIOD
All students will have an Add/Drop Period through attendance of the end of the second week of instruction after module start date.

OFFICIAL WITHDRAWALS
In order for a student to be considered an Official Withdrawal, the student must provide official notification of the intent to withdraw from Catholic Distance University. A written notice of withdrawal must be sent via mail or email to both the Office of Students Services and Office of Financial Aid.

WITHDRAWAL DATE
The withdrawal date for an official withdrawal is the last date of attendance of an academically related activity determined by Catholic Distance University attendance records.

UNOFFICIAL WITHDRAWAL
Students who do not provide official notification to Catholic Distance University of their intent to withdraw are considered unofficial withdrawals after 21 days of consecutive nonattendance of an academically related activity.

WITHDRAWAL DATE
The withdrawal date for students who stop attending Catholic Distance University, including a student who does not return from an approved leave of absence, is the last date of attendance of an academically related activity determined by Catholic Distance University attendance records.

DATE OF DETERMINATION
The Date of Determination for students who are considered unofficial withdrawal, is no more than 21 days after the official last date of attendance or 21 days from when a student fails to return from an approved leave of absence.

NET PRICE CALCULATOR EXAMPLE

Click here to view an estimated cost of attendance.