Important Information

Federal School Code

002343

Fill out the FAFSA

The Free Application for Federal Student Aid (FAFSA) is required to be eligible for most financial aid. Submit this application as soon as possible.

Contact Us

Financial Aid is part of OneStop Student Services

(218) 723-6570
(877) 287-8716
OneStop@css.edu

Available Monday through Friday from 8 a.m. to 4:30 p.m.

Loans | Undergraduate

Federal Direct subsidized/unsubsidized Stafford Loans

A Federal Direct Stafford loan is a low-interest, fixed rate loan made to students. Generally, every student who files a FAFSA is eligible to borrow a Federal Direct Stafford loan. 

Apply for Federal Direct Stafford Loans

Step #1: Complete your Free Application for Federal Student Aid (FAFSA)

Step #2: Accept your Federal Direct loan on the OneStop tab in Cor

For incoming students, you must be registered for an orientation session before you can sign into Cor. For transfer students, you must have completed the online Admissions tutorial before you can sign into Cor.

Contact OneStop Student Services for more information.

Step #3: Complete Stafford Loan Entrance Counseling

If you are a first-time borrower of federal loans at St. Scholastica, you will be required to complete the online Stafford Loan Entrance Counseling. Click on the green Sign In box to get started. You will need your FAFSA pin.

Step #4: Complete Electronic Master Promissory Note

All new borrowers at The College of St. Scholastica will need to complete a master promissory note. Click on the green Sign In box to get started. You will need your FAFSA pin. Once you have completed the Direct Loan eMPN this year, you should not need to complete it again.

Difference between subsidized and unsubsidized loans

Subsidized

The Federal Direct Subsidized Stafford Loan is awarded to students who demonstrate financial need as determined by the FAFSA. Interest on a Federal Direct Subsidized Loan is paid by the federal government while the student is enrolled at least half-time (six credits).

Interest Rate: 3.86 percent

Unsubsidized

The Federal Direct Unsubsidized Stafford Loan is not a need-based loan. Interest accrues on this loan before repayment. The student has the option to make interest payments during the in-school period, or to allow the accrued interest to be capitalized (added on) to the principal balance.

Interest Rate: 3.86 percent

Borrowing limits

Dependent

Annual limit:

$5,500 - Freshman (up to $3,500 may be subsidized)

$6,500 - Sophomore (up to $4,500 may be subsidized)

$7.500 - Junior and Senior (up to $5,500 may be subsidized)

Independent

Annual limit:

Dependent annual limit plus

$4,000 - Freshman and Sophomore (always unsubsidized)

$5,000 - Junior and Senior (always unsubsidized)

Aggregate limit

$31,000 - dependent limit (no more than $23,000 can be subsidized)

$57,500 - independent limit (no more than $23,000 can be subsidized)

Fees and repayment terms

Fees: 1 percent origination fee with an immediate 0.5 percent rebate at disbursement. The rebate is retained if the student makes first 12 payments on time.

Repayment term: Up to 10 years, begins six months after student graduates or drops below half-time.

Federal Perkins Loan

The Federal Perkins Loan is a low-interest loan (fixed 5 percent) awarded to students who demonstrate high financial need as determined by the results of the FAFSA. Funding is limited.

  • Interest free while in school;
  • Nine-month grace period before repayment;
  • Generous loan balance forgiveness programs at repayment;
  • In-house CSS customer service available during repayment;
  • Fixed 5 percent interest rate during repayment

Apply for Federal Perkins Loans

Step #1: Complete your Free Application for Federal Student Aid (FAFSA)

Step #2: Accept your Federal Perkins Loan on the OneStop tab in Cor

For incoming students, you must be registered for an orientation session before you can sign into Cor. For transfer students, you must have completed the online Admissions tutorial before you can sign into Cor.

Contact OneStop Student Services for more information.

If you are a first-time borrower of the Federal Perkins Loan at The College of St. Scholastica, you must ALSO complete steps 3 & 4.


Step #3: Complete Loan Entrance Interview.

All first-time borrowers at CSS must complete the Perkins loan entrance interview before any loan money can be released to your student account.

Step #4: Complete the Master Promissory Note.

Please keep in mind that some computers have security settings that block pop up windows. If you browse to this website and see a blank white screen, you may opt to temporarily accept the pop up window and complete the Master Promissory Note.

Have your student FAFSA PIN ready, as you will be asked to input this information to verify your identity. If you have forgotten your FAFSA PIN, go to the FAFSA site and re-establish this information. If you browse to this website and see a blank white screen, you may opt to temporarily accept the pop up window and complete the Master Promissory Note.

Federal Nursing Loan

The Federal Nursing Loan is a low-interest loan (fixed 5 percent) awarded to students who demonstrate high financial need as determined by the results of the FAFSA and are fully accepted into the Nursing program. Funding is limited.

Apply for the Federal Nursing Loan

Step #1: Complete your Free Application for Federal Student Aid (FAFSA)

Step #2: Accept your Federal Nursing Loan on the OneStop tab in Cor

Step #3: Complete Loan Entrance Interview.


If you are a first-time borrower of the Federal Nursing Loan at The College of St. Scholastica, you must ALSO complete steps 3 & 4.


*All first-time Nursing Loan borrowers at St. Scholastica must complete a loan entrance interview before any loan money will be released to student accounts.

Step #4: Complete the Master Promissory Note.

*Please keep in mind that some computers have security settings that block pop up windows. If you browse to this website and see a blank white screen, you may opt to temporarily accept the pop up window and complete the Master Promissory Note.

Federal Direct Parent PLUS Loan

A Federal Direct Parent PLUS Loan is an excellent option for families who need to borrow beyond the Federal Direct Stafford Loan limits. This loan (fixed 6.41 percent) can be used by parents to borrow on behalf of dependent undergraduates. A credit check is required and performed by the U.S. Department of Education. There is a loan origination fee associated with this loan; you may increase your parent PLUS loan amount by $555.

Private loans

Private loans are available through banks, credit unions, and the Office of Higher Education, and are available with the student as borrower. The list is provided as a service to you but you are welcome to select any lender for your private educational loan. Most of these loans require the student to have a credit-worthy cosigner and have variable interest rates.

Learn more about the Minnesota Health Professional Loan Forgiveness Program.

Student loan Code of Conduct

All loans at St. Scholastica are governed by the Student Loan Code of Conduct. Please read this document carefully before accepting any loans.