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Financial Aid

Undergraduate Financial Aid


Financial aid is the monetary assistance provided to you for educational costs in the form of scholarships, grants, awards, part-­time employment and/or loans.

Sources of Aid

  • Federal Aid
  • State Aid
  • Private or Outside Aid
  • Institutional Aid
  • Scholarships and Grants

Financial aid is usually based on a combination of student's need and merit.

  • Need-­Based Aid is based on the family's financial ability to pay for educational costs (grants, loans, work study; some funds are awarded on a first-come, first-served basis).
  • Merit­-Based Aid is based on student's talent or academic ability (academics, athletics, music, theatre, forensics).

You can apply for financial aid...

  • If you are a U.S. citizen, national or permanent resident or other eligible non­ citizen;
  • If you have been accepted for admission or readmission to Concordia University;
  • If you are enrolled, or plan to enroll in a program of study leading to a degree;
  • If you will maintain satisfactory academic progress toward that degree; and
  • If you have completed all the application procedures as outlined.

How is your financial aid determined?

Cost of Attendance (COA) minus Expected Family Contribution (EFC) equals Financial Need.

  • COA is determined by tuition, fees, books, supplies, room, board, transportation and miscellaneous and personal expenses.
  • EFC contributing factors are family income and assets, number of family members, number of family members in college and age of oldest family member. The EFC is calculated from the FAFSA by the federal government.
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