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Financial Aid

Get Clear Answers to Your Financial Aid Questions

Capella enrollment counselors receive in-depth and ongoing training in financial aid planning and procedures. They are available to answer all of your questions and be sure that you have a true understanding of the costs to complete your program, your available funding sources, and what you need to do to make it all come together.

Get started by contacting an enrollment counselor at 866.808.8681 or email us.

Financial Aid Planning Checklist

Use this step-by-step approach to tackle your financial aid tasks and responsibilities:

Determine Your Education Expenses

Expenses to keep in mind include tuition, books, colloquia or residency fees (if required), Internet access fees, computer software requirements, and any additional materials you may need to be successful.

Learn more about Capella's tuition and fees or understand your total costs by viewing your specific degree program. Our enrollment counselors are available to walk you through it all by calling us at 1.866.808.8681 or email us.

Review Your Loan History

There are limits to the amount of federal financial aid you can borrow. Access your National Student Loan Data System file to review your total loan amount, lender information, and current loan status. If you have trouble accessing your information, Contact an enrollment counselor at 866.808.8681 or email us.

Complete a Monthly Budget

Determine what resources you may already have to cover your educational expenses. While federal student loans are a good fit for most people, it is important to only borrow what you need. If you are able to pay for all or a portion of your tuition, it is recommended.

Learn more about credit ratings, create a personal budget, and discover strategies for staying within your budget and improving your credit in our free Introduction to Financial Literacy seminar.

Use the U.S. Department of Education's budget calculator to evaluate your costs, income, and financial aid.

Search for Additional Funding Options

Researching tuition assistance options, scholarships, and grants is a great way to find funding options that do not need to be paid back. Here are some ideas to get you started:

  • Employer Assistance: Ask your employer about educational assistance programs to cover tuition costs. Some employers will offer financial assistance even without a formal tuition assistance program in place.
  • Capella Scholarships and Grants: Capella can help you keep costs down now and minimize your student loans. View available grants and scholarships.
  • Outside Scholarships: There are a variety of scholarship options based on location, race, gender, income level, and field of interest. Check out Capella's recommended resources to help you start your scholarship search.
  • Stafford Loan Forgiveness Program for Teachers: You may be eligible to participate in the Stafford Loan Forgiveness Program for Teachers which provides forgiveness of up to $17, 500 of federal student loans.

Apply for Financial Aid

First, submit your Free Application for Federal Student Aid. Capella's Financial Aid Office will notify you via email when you are awarded financial aid.

Review Your Financial Aid Award.

Follow the instructions for accepting your award. Only accept what you need. Refer back to your monthly budget and see if you have enough to make payments towards your tuition.

As you are reviewing your award, keep in mind that these are loans that need to be paid back. Before accepting all that is offered, we recommend you use a loan repayment calculator to determine what your monthly payments will be when you complete your program. You will need to add your current borrowed amount to the additional amount you wish to borrow this year.

Contact an enrollment counselor at 866.808.8681 or email us to be sure you understand your financial aid award as well as your repayment responsibilities.