Cornerstone University (CU) Financial Aid, FAFSA/Federal School Code, Scholarships and Deadlines 2022

$4,678

Avg. Federal Grant

$7,414

Avg. Federal Loan

$20,503,433

Total Aid Awarded

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Cornerstone University (CU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

88%

Total Aid Amount Average Total Aid Awarded per year.

$20.503M

Financial Aid Official Website

www.cornerstone.edu/financial-aid

Cornerstone University partners with its students every step of the way to make education more affordable for them. Financial aids can be attained through the agency of grants, scholarships, student loans, and so on. It is, therefore, important that the students file the Free Application for Federal Student Aid or FAFSA so that they can keep up with the different types of financial aids available.

Grants, academic awards, and scholarships are conferred upon the students on the basis of merits, and financial needs. These types of aids can be conferred by the University, a private organization, or any other organization. Unlike Student loans, these monetary aids need not be repaid.

Student loans are availed by the students to make education affordable. However, these loans have to be repaid in due time with interest.

The total financial aid amount is calculated to be $20503433. Here are some of the scholarships provided by Cornerstone University:

Pastor’s Scholarship
Kingdom Scholars Program
Global Scholarship
Music Scholarship
Athletic Scholarship

Cornerstone University Federal Aid Process

An FSA or Federal Student Aid ID must be created by interested applicants. This ID is absolutely necessary for all future FAFSA applications.
The students should complete their FAFSA. The FAFSA code for Cornerstone is 002266.
Social security numbers, Driver's license numbers, Federal tax documents and W-2 forms, Information for untaxed income as requested, and Asset information of both students and parents must be kept handy.
It is recommended that the students print a copy of the FAFSA submission.
For further details, it is advised that the students get in touch with the body of the financial services at Cornerstone through financial.aid@cornerstone.edu.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

54%

Institution Grant Aid

100%

Pell Grant

38%

Average Aid Awarded

Federal Grant Aid

$4,678

State Grant Aid

$2,418

Institution Grant Aid

$15,971

Pell Grant

$4,456

As shown in the table, the breakdown includes federal grants, pell grants, state grants, and institutional grants with institutional grants having the highest percentage contribution of 100% with an average aid amount being $15,971.

Federal grants have a percentage of 39% with an average aid amount of $4,678 which is higher than the State grant aid average of $2,418.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$21,907

$30,001 - $48,000

$24,642

$48,001 - $75,000

$19,892

$75,001 - $110,000

$17,928

Over $110,000

$15,601

The average federal aid in Cornerstone University is calculated according to the family income of the student.

Depending on the financial aid available to the family or the student, the income bracket may either pay more or less than the overall average costs. Incomes between $0-30,000 receive the aid of about $21,907.

A slight change is observed with the change in range; income between $30,001-48,000 receives $25,642. For incomes ranging between $48,001-75,000 the aid provided is $19,892. When the income range increases the aid amount decreases. $110,000 and higher receive an aid amount of $15,601.

Student Loans for Cornerstone University (CU)

Average Loan Amount Average Loan Amount received per year.

$9,308/Year

Students Taking Out Loans

91%

Loan Default Rate

Explore Tuition & Cost Breakdown Explore Best Student Loans

Minumum Credit Score	Apply in as little as	Variable APR	Fixed APR
Not Available	15 minutes or less	2.95	4.74	View disclosures
620	2 minutes	5.38%-16.99%¹	4.43%-16.99%¹	View disclosures
Not Available	15 minutes	1.13% - 11.23%¹ (with autopay)	3.50% - 12.60%¹ (with autopay)	View disclosures

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