Financial Aid Changes

Change is a Good Thing!

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 Please see the Office of Financial Aid if you plan to attend Cincinnati State during Summer semester 2020, to discuss options for summer financial aid.  

Cincinnati State is changing the way financial aid is "packaged" for students, starting in Fall semester 2019. The standard financial aid "package" will include Fall and Spring semesters. Summer is treated as an optional semester.

Examples: the "old way" of financial aid packaging (aid divided over three semesters):

 
Award Type Total Award Fall  Spring  Summer
Pell Grant  $6195  $2065  $2065  $2065
Subsidized Loan  $3500  $1167  $1166     $1167
Unsubsidized Loan  $4282  $1427  $1428  $1427
         
  

Examples: the "new way" of financial aid packaging:

Student A: Eligible for Federal Pell Grant and attends full-time in Fall and Spring semesters.
 

Standard financial aid offer:
 
Award Type Total Award Fall Spring Summer
Pell Grant  $6195  $3098  $3097  $0
Subsidized Loan  $3500 $1750  $1750     $0
Unsubsidized Loan  $4282  $2141  $2141  $0
         














Student A decides to attend half-time (6 credit hours) in Summer semester and discusses plans with the financial aid office. 
 
Student A's financial aid offer, including Summer, is:

   
Award Type Total Award Fall Spring Summer
Pell Grant  $6195  $3098  $3097  $1549
Subsidized Loan  $3500  $1750  $1750    $0
Unsubsidized Loan  $4282  $2141  $2141  $0
         
 

Student A is eligible for additional Federal Pell Grant disbursement in summer due to the new Year Round Pell rule. If a student is Federal Pell Grant eligible, enrolls for Fall and Spring semesters, and attends the Summer semester at least half-time (6 credit hours), the student is eligible for an additional disbursement of the Federal Pell Grant.

 

Student B: Not eligible for the Federal Pell Grant but does receive student loans and attends full-time (12 or more credit hours per semester) in Fall and Spring semesters.
 

Standard financial aid offer: 
 
Award Type Total Award Fall Spring Summer
Pell Grant  $0  $0  $0  $0
Subsidized Loan  $3500  $1750  $1750    $0
Unsubsidized Loan  $6000  $3000  $3000  $0
         
 
Student B decides to attend half-time (6 credit hours) in Summer semester and discusses plans with the financial aid office. 
 
Student B's financial aid offer, including Summer, is:
 
Award Type Total Award Fall Spring Summer
Pell Grant  $0  $0  $0  $0
Subsidized Loan  $3500  $1750  $1750    $0
Unsubsidized Loan  $6000  $1500  $1500  $3000
         

Student B decided to reduce the loan amount used in Fall and Spring by $3,000 and moved $3,000 of loan eligibility to Summer semester. This action helped the student pay for Summer classes, without accruing interest on the additional amount of the loan until the Summer disbursement.
 

Remember, if you plan to attend Summer semester, discuss your plans with the Financial Aid Office.

Office of Financial Aid:
 Monday - Thursday - 8 a.m. - 6 p.m.
 Friday - 8 a.m. - 4:30 p.m.
 Phone: (513) 569-1530
Brochure: 
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