2007-2008 Catalog (PDF) - Colorado State University-Pueblo

Office of Financial Services
Student Loan Amounts
The Stafford Loan interest rate is at a fixed rate of 6.8%.
You’ll be notified of interest rate changes throughout the
life of your loans.
You’ll pay a fee of up to 4% of the loan, deducted
proportionately from each loan disbursement.
Annual Loan Limits for Stafford Loans
Dependent
Undergraduate
Student
Independent
Undergraduate
Student
1st Year $3,500 $6,625—Only $3,500
may be subsidized
2nd Year $4,500 $7,500—Only $4,500
may be subsidized
3rd & 4th Years $5,500 $10,500—Only $5,500
may be subsidized
Maximum Total
Debt Allowed $23,000 $46,000—Only $23,000
may be subsidized
*Graduate students may borrow up to $20,500 each
academic year. Only $8,500 of this amount be
subsidized. Aggregate limits are also higher.
Federal Stafford Loan Check Distribution
Loan funds are sent directly to the school approximately
a week before the beginning of each semester.
A 3% origination fee and up to 1% guarantee fee may
be deducted from the amount sent to the school.
Electronic Funds Transfer is available to students
whose loans are serviced by Sallie Mae or College
Assist. Funds received will be credited to the student’s
account and any remaining funds will be electronically
transferred to the student’s designated checking
account.
Out-of-state lending institutions send loan checks to
Student Financial Services. The student’s satisfactory
progress, enrollment status, and eligibility are reviewed
before the check will be released to the student.
The school is required to disburse loan funds within
three (3) working days. If the student is ineligible for
disbursement the funds must be returned to the lender
immediately.
Federal PLUS-Parent Loan for Undergraduate
Students
PLUS enables parents who do not have an adverse
credit history to borrow to pay the education expenses
of each child who is a dependent undergraduate
student enrolled at least half-time. The interest rate is
a fixed rate of 8.5%. Credit checks are conducted by
the lender to determine loan approval. If the loan is
denied the lender is responsible for notifying the parent
(borrower).
The borrower (parent) must begin monthly payments of
a Federal Plus loan 60 days after the final disbursement
of a loan.
Parents may request deferment of repayment under
certain conditions established by the lender.
Short-Term Loans
The Short-Term Loan is primarily requested to
purchase books at the start of the semester. Financial
emergencies that present extreme hardship may also
be considered.
Students must be enrolled for at least 6 semester
credits, must be in good standing and must have a
pending Financial Aid disbursement for that semester
that will be used to pay the loan back. Maximum loan
amount is $450 per semester.
Loans are to be repaid within a short period of time
(normally within 60 days). If the loan has not been
repaid or arrangements made for its repayment by the
due date, the delinquent loan will be treated as an
overdue student account and handled in accordance
with University policy. Applications for Student
Success Loans are available in the Office of Student
Financial Services. A $3 fee, assessed for processing
the loan, will be deducted from the loan amount.
SCHOLARSHIPS
State and Institutional Scholarships
CSU-Pueblo offers a wide variety of scholarships to
incoming freshmen and transfer students. Scholarships
are awarded based on achievement and
financial need. Admissions and financial aid
applications are reviewed by a University committee to
determine recipients. Scholarships are also available
for first generation students and international students.
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