CSC Institute

Financial AidStudent Loans

Federal Stafford Loan (subsidized)

The Federal Stafford Loan is a low0interest loan made to students by the Federal Education Loan Program. The interest rate on the Stafford Loan is variable. The federal government pays the interests on this "need-based" loan while the student is in school or in deferment during a grace period of six (6) months after the completion of training or a withdrawal from training.

Federal Stafford Loan (unsubsidized)

The Federal Stafford Loan is a low -interest loan made to students by the Federal Education Loan Program. The interest rate on the Stafford Loan is variable. If the student does not qualify for a subsidized Stafford Loan, he/she may be eligible for an unsubsidized loan. Should a student receive an unsubsidized loan, he/she will be responsible for the interest during the training and deferment periods. Students have six (6) months after the completion or withdrawal from training before they must begin repayment of the loan (principal and interest for unsubsidized loan).

Federal PLUS Loans (unsubsidized)

Federal PLUS loans are fore parents who want to borrow money to help pay for their children's education. The interest rates on these loans are variable. Repayment must begin within sixty (60) days after receiving the final loan disbursement. There is no grace period for these loans. Parents/guardians are required to pay the interest during the training and the deferent periods.

Direct Stafford Loans (unsubsidized/subsidized) and Direct PLUS Loans

The Direct Stafford Loan and Direct PLUS Loan are available through William D. Ford federal Direct Loan Program. The terms and conditions are similar to those of the Federal Stafford Loan and the Federal PLUS Loan. The only differences are the sour ce of the loan funds, source aspects of the application process and the available repayment plans. Direct Loans funds come directly from the United States Government rather than a bank or credit union.

CSC Institute complies and administers its financial aid programs in accordance with prevailing federal and state laws, and its own institutional policies. Students must comply with federal, state and CSC Institute regulations in order to remain eligible to receive any form of financial aid.

Students who have obtained a school assisted loan and withdrawal from the school, or have had their enrollment terminated must notify the lending institution of their withdrawal. CSC Institute will reimburse the loan institution for balances due in accordance with the refund policy. The student will be responsible for any remaining balances.

It should be noted that student loans with the bank must be satisfied regardless of their success or lack of success at CSC Institute, Inc. When students are given a loan they sign a promissory note with the bank. This loan is the same as any other loan and the student has full responsibility for accepting and managing the loan and its repayment.

Choose an item from the menu to the left to learn more.

Would you like more information about our schools, programs or careers in the medical, business or technical fields? We'd love to hear from you! Take a moment to fill out our new Information Request Form to get in contact with one of our representatives.