Responsibility of the student
Students shall return unearned Title IV assistance minus the
amount the school returns.
Order of return of Title IV funds
Excess funds returned by the school or student are credited to
outstanding Title IV loan balances for the student or made on the
student’s behalf for which a return of funds is required. Excess
funds must be credited to outstanding balances in the following
order:
1. Unsubsidized Stafford loans
2. Subsidized Stafford loans
3. Federal Perkins loans
4. Federal PLUS loans
5. Federal Pell grant
6. Federal SEOG grant
7. Federal TEACH grant
Veterans Training Benefits and Dependents Educational
Assistance
Cedarville University is approved under Title 38, Chapters
30, 31, 32, 33, 35, 1606 and 1607, U.S. Code for Education of
Veterans and Their Dependents. Students under Chapters 30,
32, 35, 1606, and 1607 are required to pay the school for all
charges. The Veterans Administration in turn pays them a monthly
allowance based upon their training load. Veterans under Chapter
31 are paid a monthly allowance and the Veterans Administration
pays the school for tuition, fees, books, and supplies. Cedarville
University is a participant in the VA Yellow Ribbon Program. Those
students eligible to receive Chapter 33 Post-9/11 benefits may
qualify to receive benefits through the VA Yellow Ribbon program.
Inquiries concerning eligibility should be directed to the contact
office of a Veterans Administration Regional Office. Students
planning to study under one of the education laws should
receive approval prior to enrolling. A Veterans Administration
training officer will contact the University in the disabled cases to
accomplish this requirement for the student.
Cedarville University students eligible for veterans benefits
should contact the veterans benefits counselor in the Office of the
Registrar.
Deferred Payment Plan for Veterans
For Option Deferred Payment Plan for Veterans (under Chapters
30, 31, 32, 33, and 35) receiving the Educational Assistance
Allowances, consult the Office of the Registrar.
Payments by veterans receiving their Educational Assistance
Allowance checks one month behind will be as follows:
Fall Semester:
1st payment by 10/4
2nd payment by 11/1
3rd payment by 12/1
Final payment by 1/1
Spring Semester:
1st payment by 2/4
2nd payment by 3/1
3rd payment by 4/1
Final payment by 5/1
A late payment charge of $25 is applicable for accounts unpaid
after the payment due date.
Veterans receive eight monthly VA checks that must pay for
eight deferred payments on the semester system.
Financial Aid
General Information
Cedarville University offers a variety of financial aid programs
to assist students with education-related expenses. Although
Cedarville University supports the premise that the primary
responsibility for financing a college education rests with the
student and family, aid programs are available to supplement
personal resources.
Some of the financial aid available at the University is
considered to be need-based aid. Students are asked to complete
and submit the Free Application for Federal Student Aid (FAFSA).
It is not necessary to file your federal taxes before completing your
FAFSA as estimated data may be used. An analysis of the family’s
financial data is performed and the results are used to determine
the eligibility for need-based assistance. For filing online, obtain
a PIN number for
both
the parent and student at
and
complete the FAFSA at
In addition to need-based aid, the University also offers merit-
based aid to students who demonstrate recognized achievement
or talent. Merit scholarship categories include academic,
leadership, athletic, music, forensics, theatre, and debate.
Financial Aid serves as a resource center to assist students
and their families in exploring alternative sources of educational
funding. The financial aid homepage has direct links to several
scholarship databases. Students are encouraged to investigate
privately-funded scholarships through the use of the Internet and
accessing
.
Students should advise Financial Aid when they receive
additional assistance from sources other than Cedarville
University. This assistance will be considered when preparing
award packages and may result in the revision of a previously
prepared package.
A financial aid award notification will be provided to students
after reviewing completed application data and after a student is
accepted for admission to Cedarville University. Financial aid is
applied for and awarded on a yearly basis. Aid applicants must
continue to meet program qualifications in order to retain eligibility.
All questions may be directed to Financial Aid at
937-766-7866 or 1-800-444-2433. Visit Cedarville’s financial aid
website at
and the FAFSA website at
.
When completing the FAFSA, the Title IV Code
for Cedarville University is
003025.
Page
280
2014–15 Undergraduate Academic Catalog
Financial Information
Financial Aid
