The Financial Aid & Scholarships Office at California State University Channel Islands (CI) is comprised of dedicated financial aid professionals committed to serving students by providing them information to secure the necessary financial resources to meet their educational goals. The types and amounts of financial aid Channel Islands awards or recommends are subject to availability of funds, enrollment status, and financial need. Channel Islands students have a variety of financial aid programs available for assistance. Programs vary in eligibility criteria, award amounts, and repayment options.
Federal School Code: 039803
Changes to Direct Loan (DL) Stafford Loans first disbursed after December 1, 2013 will take place due to the Budget Control Act of 2011, which put into place automatic federal budget cuts (known as sequester), to take effect if Congress failed to enact legislation to reduce the federal deficit by March 1, 2013. The loan origination fees for the DL Subsidized and DL Unsubsidized Loans, 1.051%, will increase to 1.072%.
DL Stafford Loans not accepted by November 15, 2013 will be adjusted to reflect the higher loan origination fees brought on by the Sequestration. If you are a first time borrower, you must also complete the Entrance Counseling and Master Promissory Note requirements on www.studentloans.gov. The Financial Aid & Scholarships will be reviewing all loan records and making the appropriate changes during the weeks of Nov. 18th through Dec. 1st. Students may not be able to submit any loan changes via the myCI portal during this time period. Please contact our office if you have any questions regarding your loan status or wish to make any changes to your DL Stafford Loan.
Any items needed to finalize financial aid awards will be posted to a student's To-Do List. We encourage students to submit documents as soon as they are able.
- Channel Islands Application Filing Deadline ended Monday, March 4, 2013. For students applying after March 4th, aid is still available although funds may be limited. If you have not already done so, the FAFSA can be completed at www.fafsa.ed.gov.
May 31, 2013 was the CI Financial Aid Document Deadline for the 2013-2014 academic year. By submitting your documents by this deadline, your fall enrollment will be protected until your 2013-2014 financial aid eligibility can be determined. If you missed the deadline or are ultimately not awarded grant assistance and do not accept the loans offered you will be responsible for paying your tuition and fees according to established fee payment deadlines. For information on tuition fee payment, please visit the Student Business Services website.
Approximately 2 weeks after electronically filing your 2012 tax return (6 weeks, if sending a paper form to the IRS), you can go back to the FAFSA and update your tax information using the IRS Data retrieval tool. We recommend this as the fastest and most secure way of confirming your tax information on the FAFSA. If you are unsure of the process, CITfinaid has an easy to follow tutorial at http://www.youtube.com/watch?v=UyQuvKE5Vfc.