When a student takes out both Subsidized and Unsubsidized Federal Stafford Loans they are treated as two separate loans as far as disbursement of funds is concerned, but are treated as one loan when the loans enter repayment, as long as they were taken through the same lender. This means that the interest will be added to the principal balance and one would be paying interest on interest. For this reason it is strongly recommended that the student make the interest payments while they are a student. The base eligibility is the difference between the yearly maximum for a Subsidized Federal Stafford Loan and what the student was actually eligible for in Subsidized Federal Stafford Loan. The total eligibility cannot exceed the cost of education as determined by CCU's Financial Aid Office.
Capital is provided by a private lending institution and is subject to credit approval.
A parent can borrow up to the cost of education as determined by CCU's Office of Financial Aid minus any other aid received. Federal PLUS Loan proceeds are made co-payable to the parent and Colorado Christian University. Once the university receives a disbursement, they verify the student's enrollment status, endorse the check, and send it via certified mail to the parent borrower. It is then the responsibility of the parent to pay any outstanding charges owed the university on behalf of the student. Repayment begins within sixty days of endorsement of the final disbursement.