At Cornerstone University, we strive to help you make this important investment to achieve your goals. With financial aid, earning a degree is even closer within your reach in providing the opportunity to help you pay for school.
Financial aid is monetary assistance from the federal or state government, or from your school or other organization. As a student at PGS, you receive full-time status, which means you're eligible to apply for financial aid. Using financial aid is very common in our degree programs, as over 74% of students at PGS receive financial aid. And with our team of trained student services specialists, we'll walk with you every step of the way to help you finance your education.
Financial Aid Options
When it comes to using financial aid, we understand that your financial situation is unique. With your assigned student financial services specialist, you'll discover financial aid solutions that fit with where you're at. The main sources of financial aid include loans and grants.
- Loans: A loan provides money for school now as an investment in your education, but you'll have to pay it back later. Loans can be either subsidized or unsubsidized.
- Grants: Grants provide financial assistance for your education that you don't need to pay back. Grants are awarded based on your income level and are only available for undergraduate students. This type of financial aid is offered at both the federal and state level, such as the Federal Pell Grant or the Michigan Tuition Grant.
If you use loans, we encourage you to borrow responsibly. Loans are a helpful resource but can also be misused which leads to high student debt. We want to help you make a wise investment. Check out more information on loans, grants and responsible borrowing to help you make decisions that will set you up for financial success.
How do I get financial aid?
As you make this investment in your future, we'll walk with you through each step of the process. You'll team up with your assigned student financial services specialist who is dedicated to helping you navigate your financial aid.
To receive financial aid at Cornerstone, it's best to complete all your financial aid forms at least two weeks before you start your program. Follow these steps to discover what financial aid you're eligible for.
1. Complete the Student Financial Success Guide.
The Student Financial Success Guide provides helpful information on all your financial aid options and allows you to choose how you plan on paying for your degree program. If you are seeking military funding, reference the Military Funding checklist.
2. Create Your Federal Student Aid ID.
To be qualified to receive financial aid, you'll need to complete the Free Application for Federal Student Aid (FAFSA). To do so, you'll need to establish a Federal Student Aid ID (FSA ID), use one that you already created or use the FAFSA's site to find your ID if you've forgotten it.
3. Complete the FAFSA.
Visit the FAFSA website to start the application. In order to get all benefits available to you, you may need to complete two FAFSA forms at the same time for different award years. As you journey through the online FAFSA, helpful tips are on the right-hand side and your enrollment counselor is always willing to help walk you through the application. Cornerstone's Federal School Code is 002266.
Be sure to import your tax information to save time. The FAFSA must be completed at least three weeks before the start of your first course. To be eligible for the Michigan Tuition Grant, the FAFSA must be completed before March 1. In addition, please note that you'll need to complete the FAFSA each year to remain eligible for aid.
4. Complete loan entrance counseling and master promissory note.
The loan entrance counseling and master promissory note ensure you know what to expect in receiving financial aid for your degree program. It's important that you are using the same FSA ID and password that you used on your FAFSA.
5. Receive your financial aid.
When you receive your first financial aid award letter, you'll see the maximum loan amount you're able to take out. With your awarded financial aid, you also have two options of how you'd like to apply your financial aid.
- Option 1 (recommended): Your financial aid funds will be held on your student account so that it covers your classes in the best way possible. Any excess funds within the half of the loan period will be sent to you.
- Option 2: CU uses your financial aid to pay for your first class and then sends everything else to you. In this case, you'll be considered a cash paying student and will be responsible for paying your bills course by course until your next disbursement.
Electing to use financial aid to cover any additional fees that may arise can help to make the process easier or you can choose to be billed for the fees separately.
Remember that your financial aid award may not cover the full cost of tuition. You're responsible for paying any remaining costs after the aid is applied. If you withdraw or break the attendance policy, your aid may be returned and can result in a balance on your account.
Make the Investment
Our staff is dedicated to providing you the information you need to make the most informed decisions about financing your education. Connect with your enrollment counselor to start finding the best path for you to achieve this goal.