Government Student Loan Programs

CDSP participates in the federal Direct loan program. Through this loan program, eligible financial aid applicants may borrow federal Unsubsidized loan funds to help meet the cost of educational expenses. The application for this loan is available through the Consortial Financial Aid Office.

About the Federal Direct Stafford Unsubsidized Loan:  A student is not required to demonstrate financial need to receive a Direct Unsubsidized Loan. The Financial Aid Office will determine the amount an eligible student can borrow, up to an annual maximum of $20,500.  A student’s total financial aid package (including loan funds, scholarships, grants and work study) cannot exceed the total cost of educational and living expenses as determined by the Financial Aid Office.

Interest accrues (accumulates) on an unsubsidized loan from the time it is first paid out. The interest may be paid while the student is in school and during grace periods and deferment or forbearance periods, or the interest may accrue and be capitalized (that is, added to the principal amount of the loan).  Choosing not to pay the interest as it accrues will increase the total amount a borrower will have to repay as interest will eventually be charged on a higher principal amount, once that interest is capitalized.  Accrued interest is capitalized once the loan enters repayment.

The interest rate for a Direct Stafford unsubsidized loan disbursed on or after July 1, 2006 is fixed at 6.8%.

To apply for a federal student loan, visit the How to Apply for Financial Aid web page of the Consortial Financial Aid Office here.

Veterans Educational Benefits: CDSP students who have served in the United States Armed Forces may receive veterans educational benefits while attending CDSP. For further information, please contact CDSP Admissions at 510-204-0715.

© 2012 Church Divinity School of the Pacific