One Award, Many Sources

From scholarships and grants to loans and work-study, there's something for nearly everyone. All of our need-based aid (such as loans, grants and some scholarships) is awarded based on the results of your FAFSA, so fill that out as soon as you have a chance. Our merit-based aid (including academic and talent scholarships) is awarded based on your high school achievements, GPA, class rank, standardized test scores and often interviews or auditions.

Scholarships

Both financial need-based scholarships and merit-based scholarships are awarded. Renewal of the need-based awards is dependent on continued financial need and academic achievement. Merit-based scholarships include the Presidential Scholarship, Music/Theatre/Art Scholarships – and many others. You may also apply for and receive scholarships from external organizations. Any external awards received must be reported to the Financial Aid Office.

Grants

Grants are "gifts" of money – they’re sometimes called "gift assistance" – and do not have to be paid back. Depending on your financial need, you may receive grants through Concordia, the State of Minnesota and the federal government. Renewal is based on continued financial need.

Work-Study

Work-study assistance is basically a job on campus or at the America Reads program in Fargo-Moorhead. On-campus jobs and America Reads pay you an hourly wage. You use those wages to pay for your college expenses. All students are eligible to work on campus regardless of financial need.

Loans

A loan is just what it sounds like – money that you borrow from a bank or the government and have to pay back. Subsidized loans do not require borrowers to make interest payments while still enrolled in school, while unsubsidized loans do require interest payments. Some loans require an eligible co-signer. Loan repayment typically begins six months after you graduate.