Awards Process

Special Loan Requirements

  • You must be enrolled at least half-time (half-time status at Capitol Technology University is six credits each semester).
  •  Federal Direct Loan Program - the Department of Education is the lender of these loan funds
  • You are required to complete a Federal Direct Loan Entrance Interview and Direct Loan Master Promissory Note on line at https://studentaid.gov/ .  You only have to complete the entrance counseling and master promissory note once. 
  • Perkins Loans - Capitol Technology University administers this federal loan program.
  • Perkins Loan Entrance Interview and completion of the Perkins Master Promissory Note and Perkins Loan Disclosure Statement are completed in the University's Financial Aid Office. 
  • The maximum repayment term is 10 years.
  • A 1% origination fee is deducted from each disbursement of a student's Direct Loan.
  • Unless otherwise noted, funds are transferred electronically and credited directly to your student account.  A refund is issued if your loan funds are over and above what you owe the University. 
  • Before your Direct Loan or Perkins loan money is disbursed, you may cancel all or part of your loan at any time by notifying the Capitol Technology University Financial Aid Office. After your loan is disbursed, you may cancel all or part of the loan within certain time frames. Your promissory note and additional information you receive from Capitol Technology University will explain the procedures and time frames for canceling your loan.