Disbursements and Stipends

Paying for classes - CSI will apply all accepted financial aid and scholarships awards automatically towards tuition and fees, housing, and food. 

Paying for Books and Supplies - If you have financial aid remaining after tuition, fees, housing, and food are covered, you can use it to purchase books and supplies at the CSI Bookstore. Bookstore charging is available starting the week before classes begin through the end of the first week of classes.

Disbursement is the crediting of federal financial aid and scholarship funds to your CSI account. For this to occur, CSI must confirm attendance of your courses during the first week of classes before releasing the funds.

*Note* Aid offers are based on the number of required credits enrolled in at 8:00am on the Monday of the second week of classes. If students increase their course load after disbursement, they will be responsible for any additional tuition and fees. Be sure aid offers have been accepted or declined in MyCSI Self-Service and all documents marked as received for funds to be credited to your account.

If the total financial aid and scholarship credit exceeds your total charges, a stipend will be issued to you. Set up your stipend preferences in your MyCSI Self-Service portal, under Finances.

Direct Loan First-Time Borrowers - Must complete entrance counseling and their master promissory note (MPN) for funds to disburse. If this is your first time attending college your loan will not be disbursed until 30 days after the start of the semester.

Direct Loans - Students may cancel all or part of a loan disbursement within 14 days of the disbursement notice.

Parent PLUS Loans - Students / Parents may cancel all or part of a loan disbursement within 14 days of the disbursement notice.