Loan Information

The Student Financial Planning Office would like to provide as much information as possible to our students.  This page has links to different programs available to you in order to make your education an affordable investment at Concordia University Chicago.  We encourage our students to review the links for detailed information.  Our office is also available for questions if you need additional guidance.  Listed below is a brief overview of each link.

Loan Process - MPN / Entrance Counseling: This is for new admitted students at CUC interested in a Stafford loan with a completed FAFSA for the academic year.  These two steps will guide you in successfully completing our internal loan process.

Loan Forgiveness – The Department of Education has listed specific programs eligible for loan forgiveness after certain terms have been met. 

Loan Forgiveness for Public Service Employees – You may be eligible for a loan cancellation after 120 payments if you are employed in a specific Public Service field.

Loan Cancellation – The Department of Education has strict guidelines for students with outstanding Federal loans interested in a loan cancellation.  If you have a special circumstance, please review this website to determine if you would qualify.

Loan Cancellation for Teachers – If you are currently a teacher or preparing to become a teacher and have outstanding Federal loans, it would be advantageous for you to review this link.  You may qualify for a loan cancellation if you meet certain requirements.

Loan Consolidation – If you have borrowed multiple Federal loans while in school, you may want to consider a loan consolidation.  This link will provide you with detailed information if it would be beneficial to consolidate your loans.