Need-based Financial Aid

Overview

The College of Saint Benedict and Saint John’s University have a long tradition of educating students from all economic backgrounds. Financial aid is available to students who qualify based on the results of the Free Application for Federal Student Aid (FAFSA). The following are examples of aid available:

• Grants
• Student Employment
• Student Loans

Grants

All grants are awarded to students based on financial eligibility as demonstrated by the family's information on the Free Application for Federal Student Aid (FAFSA).

Grants	Yearly Amount	Qualifying Information
CSB Grants and Saint John's Abbey Scholarships	$500 - $9,000	All grants are awarded to students based on financial eligibility as demonstrated by the family's information on the Free Application for Federal Student Aid form (FAFSA).
Federal Pell Grants	$400 - $4,050
Federal SEOG Grants	$500 - $4,000
Minnesota Grants	$100 - $7,861

 

Student Employment

Students who work through the CSB/SJU Student Employment Program gain valuable skills and earn money to assist in paying for college. Students generally work 5-10 hours per week. Priority consideration is given to students with financial eligibility as demonstrated by the Free Application for Federal Student Aid. See examples of some of the job opportunities that are available to CSB and SJU students.

Student Loans

CSB and SJU students are eligible for all major federal and state student loan programs. These programs include:

Need-based Loan Programs:

Name	Loan Maximum	Interest Rate	Repayment Terms
Federal Perkins Loan	Up to $3,000 annually	5%	No interest accrues while in school.
Federal Stafford Loan (Subsidized)	$3,500 Fr. year $4,500 So. year $5,500 Jr. & Sr. years	Variable Cap of  8.25%	No interest accrues while in school.

Available to all students and parents regardless of family income:

Name	Loan Maximum	Interest Rate	Repayment Terms
Federal Stafford Loan (Unsubsidized)	$3,500 Fr. year $4,500 So. year $5,500 Jr. & Sr. years	Variable Cap of  8.25%	Interest begins during school; principal deferred.
Federal Parent Loan for Undergraduate Students (PLUS)	Cost of education minus other aid	Variable Cap of  9.0%	Principal and interest must be paid while in school.
Student Educational Loan Fund (SELF)	$4,500 Fr. & So. years $6,000 Jr. & Sr. years	Variable	Interest must be paid during school; principal deferred.

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Office of Admission College of Saint Benedict Saint John's University PO Box 7155 Collegeville, MN 56321 (800) 544-1489 (320) 363-2196 (320) 363-2750 (fax) E-mail admissions@csbsju.edu