Financial Aid Awards


The funds outlined in your Financial Aid Award letter are based on your enrollment. If you register for fewer than 12 units or receive additional funding from outside sources, the financial aid award will be adjusted. The number of units in which a student is enrolled on the day following the published last day to add or drop a class will be used as the official enrollment date for financial aid purposes. It is important to note that the amount of financial aid awarded may not exceed the cost of attendance. A revised financial aid award letter will be available to you each time any changes occur to your financial aid award. It is not uncommon for students to receive multiple award letters throughout the academic year. All notifications of a revised award letter will be posted on the student portal.

Institutional Aid

Eligibility for Institutional Aid is determined at the time of admission and is based on your application materials and availability of funds. Scholarship letters are provided to students prior to enrollment that describes their award/scholarship and renewal requirements. Copies of the scholarship letters are kept in the financial aid office. To retain all scholarships, students must have and maintain a Satisfactory Academic Progress (2.8 for M.A., 3.0 for Ph.D.). The following are the non-need, merit-based scholarships you may have been awarded:

Trustees Award – The award provides for:

Tuition and fees

A one-bedroom apartment on campus All course-required books A monthly stipend of $750 ( 9 months/ $6,750 per annum)

  • Presidential
  • Deans Award
  • Claremont Scholarship

United Methodist Scholarship

The scholarship is awarded to students upon entering CST. Students must be registered for 12 units per semester. Renewal of this scholarship is only provided to certified candidates of ordination. Proof must be submitted to the financial aid office prior to 3rd semester.

Claremont Grant

This is a need-based grant, awarded to full-time students (12 units per semester). It was designed to provide additional grant aid to students who demonstrate exceptional need. Need is determined by completing a Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov. You must apply each academic year. FAFSA application become available on January 1st. Priority deadline for completing the FAFSA is March 15th. 2014-15, award ranges from $1000 - $2000 annually. As with all types of need-based aid, these awards are renewed annually and adjusted in line with changes on the FAFSA.

Federal Aid

Student Employment The Student Employment program provides jobs for graduate and professional students with financial need, allowing them to earn money to help pay educational expenses. Students may work up to 20 hours per week during school periods and up to 35 hours per week during vacation periods. The amount of the award is based on a student's need as determined by the Financial Aid Office and available funds. All student employment jobs are located on campus. Please note that most employment opportunities are filled at the beginning of the fall semester. For more information, please review the student employment handbook.

Federal Direct Loans

The Federal Direct Loan (Direct Loan) Program is the largest federal student loan program. Under this program, the U.S. Department of Education is your lender. The loans available to graduate and professional students are the Direct Unsubsidized Loan and the Grad PLUS Loan.

Direct Unsubsidized Loans are loans made to eligible graduate, and professional students, but in this case, the student does not have to demonstrate financial need to be eligible for the loan.

  • Current 2014-2015 Fixed Interest Rate is 6.21%
  • Annual Loan Limit is $20,500.
  • Aggregate Loan Limit is $138,000

Direct Grad PLUS Loans are loans made to graduate or professional students to help pay for education expenses not covered by other financial aid.

  • Current 2014-2015 Fixed Interest Rate is 7.21%
  • Annual Loan Limit is up to cost of attendance minus financial aid awarded
  • Grad PLUS Loan does not have an aggregate limit

Processing your Loan(s) Accept – in the student portal – the loan you wish to borrow and the amount. Complete a Master Promissory Note (MPN). The MPN is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the Department. It also explains the terms and conditions of your loan(s). In most cases, once you've submitted the MPN and it's been accepted, you won't have to fill out a new MPN for future loans you receive. You can borrow additional Direct Loans on a single MPN for up to 10 years. If you are applying for a Direct PLUS Loan as a graduate/professional student, you'll need to complete and sign a PLUS MPN that is separate from the one that you use for your Direct Unsubsidized Loans. You must apply annually. You'll receive a disclosure statement that gives you specific information about any loan CST plans to disburse under your MPN, including the loan amount, fees, and the expected disbursement dates and amounts.

a) Direct Unsubsidized Loan: Complete a Master Promissory Note (MPN) and Entrance Counseling on www.studentloans.gov. Log in to www.studentloans.gov to check the status of your MPN and other necessary documentation.

b) Direct Grad PLUS Loan: To apply, log in to www.studentloans.gov. When you apply for a Direct PLUS Loan, the Department will check your credit history. To be eligible to receive a PLUS Loan, you must not have an adverse credit history. If you are determined to have an adverse credit history, you may still receive a Direct PLUS Loan if you obtain an endorser who does not have an adverse credit history. An endorser is someone who agrees to repay the Direct PLUS Loan if you do not repay the loan. In some cases, you may also be able to obtain a Direct PLUS Loan if you document to their satisfaction that there are extenuating circumstances related to your adverse credit history. After you apply, within 48 hours you will receive a credit check correspondence letter approving or denying your loan. You must provide a copy of the credit check letter to the Office of Financial Aid. The credit check is good for 90 days.