Review qualifications and apply for CSI Scholarships online at scholarships.csi.edu
Students can complete both the FAFSA and scholarship applications online after January 1. Students are highly encouraged to complete both their FAFSA and scholarship applications by CSI's priority deadline, March 1. Students are advised to use their completed Federal income tax returns to complete the FAFSA. Completing the FAFSA with estimated taxes is acceptable, however, corrections may have to be made at a later date, causing a delay in the processing of their application. Both student and parent information is required on the dependent student's application. In addition, students may be required to submit a signed copy of their Federal Income Tax Returns and W-2's (and parents, if dependent) to CSI Student Financial Aid Office if student's application results are chosen for "verification." In this case, the CSI Student Financial Aid Office is required to comply with Federal regulations and verify the information the student reported on his/her FAFSA.
Approximately 2 to 3 days after submitting the FAFSA, the student will receive a Student Aid Report (SAR) from the Department of Education.
Check the Student Aid Report (SAR) for accuracy. If corrections need to be made, provide the correct information, sign the SAR (if dependent, both the student and the parent must sign) and return it to the CSI Student Financial Aid Office, which has the capability to make corrections to the SAR through an electronic process. Students will receive another SAR in the mail.
Return requested information to the Student Financial Aid Office.
Students are strongly encouraged to apply early, by March 1, for financial aid and finalize their schedules as early as possible. Generally it takes a minimum of 2 to 4 weeks from the time students submit their FAFSA until their Federal financial aid is actually awarded. If a student's application is selected for verification or if they take a long time to submit copies of documents or corrections, it may take 4 to 6 weeks or even longer. It is important that students apply early and allow adequate time to process their applications.
If a student applies and fails to turn in required documents late (ie. Less than 6 weeks prior to the beginning of the semester) and their financial aid is not ready by the tuition payment deadline, the student must be prepared to pay tuition in full unless they have a tuition loan agreement (payment plans) in place. Tuition Loan Agreements may be completed with the Office of the Registrar. Students can find additional information related to tuition and charges such as tuition loan agreements, tuition/fee due dates, late fees, refund policy and the consequences of non-payment on the Tuition and Fees page.
All Financial Aid awards are automatically applied towards tuition and fees, room and board. CSI disburses financial aid funds in excess of these charges to the student (or borrowing parent in case of Plus loans). With the student's permission, CSI can apply excess Federal Financial Aid funds (amount left over after paying tuition/fees and room/board) towards other educationally related charges. These charges may include: traffic/parking fines, child care fees, library fines, late fees, reinstatement fees, and returned check charges, etc. Students can fill out an Authorization for the Deduction of Miscellaneous Charges form to have miscellaneous charges deducted from their Federal Financial Aid.
Student’s awards are posted to their student accounts to pay their tuition, fees and any outstanding balance first. If your financial aid credit exceeds your total charges, a refund will be issued to you. CSI partners with BankMobile to issue student refunds. A refund selection kit is mailed to every student who is enrolled in credits at CSI. Please make sure that your mailing address is up-to-date and select your refund preference as soon as you receive your kit. Remember, even if you are not currently expecting a refund from CSI, we may have a refund for you in the future. You can select your refund preference by visiting refundselection.com. For more information about refunds please visit csi.edu/BankMobileVibe
The first disbursement of Federal financial aid and scholarships will be on the secondThursday of the semester. By accepting the Federal financial aid or scholarship disbursement, the student certifies that they are enrolled in the number of credits on which their awards were calculated and that they are attending all of their classes. Scholarship disbursements will be distributed the same time as the other Federal Financial Aid disbursements..
Financial aid awards will be made based on the number of credits students are enrolled in at 8:00 a.m. on Monday of the second week of classes. If students who receive Federal financial aid increase the number of credits they are enrolled in after 8:00 a.m. on the second Monday, they will be responsible for all tuition and fees for those classes, (they will not be awarded additional aid for the semester). If students who receive Federal financial aid decrease the number of credits they are enrolled in after the 8:00 a.m. on the second Monday, they will owe money back to the Federal Government and/or the College of Southern Idaho or other entities. Students may be able to change sections or add/drop classes as long as they do not change the total number of credits upon which their financial aid was awarded.
By accepting and/or cashing Federal financial aid or scholarship disbursements, the student certifies that they are enrolled in the number of credits on which their awards were calculated and that they are attending all of their classes.
Students whose financial aid award is large enough to cover tuition, books and supplies will be able to charge against their financial aid award at the CSI bookstore. The same is true for CSI housing, food service, and CSI Child Care Center. Students with large enough financial aid awards can start charging against their accounts the week before schools starts.
Parent Loans
The parent's written authorization is required for the disbursement of any excess Parent PLUS loan funds to the student. In the absence of the parent's written authorization, excess Parent PLUS loan funds will be mailed to the parent using the mailing address provided on the Parent PLUS loan application.
Returning Financial Aid:
Students have the right to cancel all or a portion of their student loan(s) disbursed to them within 14 days from the disbursement date. They must return the funds to the Matrix within 10 days of disbursement to allow for the processing of the loan return.