Financial Aid for Online Master’s Degrees
It is essential that you start your financial aid application process as soon as you apply for admission to the University. This quick and simple process can make paying for college a smooth and affordable experience. 100% of eligible students receive some sort of financial aid.
To determine your eligibility for financial aid, you must first file a Free Application for Federal Student Aid (FAFSA).
Send the results to Concordia University, Portland (School Code 003191). Once submitted and processed, the US Department of Education will send you a Student Aid Report (SAR). This report will include your Expected Family Contribution (EFC) that the university will use to determine your financial aid eligibility.
Once you have been accepted to Concordia University’s online school and have filed the FAFSA with the University as a recipient (School Code 003191), we will let you know exactly how much aid you have qualified for (including federal, state, and University monies) in your personalized financial aid package.
Below are some web resources to learn more about the options that are available to fund your online Master of Education program.
Direct Stafford Loans
Direct Loans are low-interest loans to help pay for the cost of your education. The lender is the U.S. Department of Education. Learn more about Stafford Loans.
Stafford Loan Forgiveness Program for Teachers
The Teacher Loan Forgiveness Program is intended to encourage individuals to enter and continue in the teaching profession. Under this program, individuals who teach full-time for five consecutive, complete academic years in certain elementary and secondary schools that serve low-income families and meet other qualifications may be eligible for forgiveness of up to a combined total of $17,500 in principal and interest on their FFEL and/or Direct Loan program loans. Learn more about the Stafford Loan Forgiveness program.
Public Service Loan Forgiveness (PSLF)
The Public Service Loan Forgiveness Program was created to encourage individuals to enter and continue to work full-time in public service jobs. Under this program, you may qualify for forgiveness of the remaining balance due on your eligible federal student loans after you have made 120 payments on loans under certain repayment plans while employed full time by certain public service employers. Learn more about PSLF.
Also, don’t overlook the support your school system offers. Many districts and states offer financial and other support for teachers who go back to school. Simply talk to your school and district leaders and find out!
And here are some additional web resources to learn about other programs:
FinAid! The SmartStudent Guide to Financial Aid
FinAid! is a comprehensive site designed to provide students and parents with information about applying for financial aid, student and parent loans, EFC Calculators, and scholarships and grants. Learn more about FinAid!
Student Aid on the Web
The Federal Student Aid homepage contains information and links for all of the federal student aid programs. Learn more about Student Aid.
We are here to help you learn more, earn more and be more. If you have any questions, please don’t hesitate to contact one of our Enrollment Specialists at (877) 251-4405.