Federal Parent PLUS Loans
Federal PLUS loan funds are available for creditworthy parents
to borrow on behalf of their dependent students. This loan program
is not based on financial need and may be used to replace all
or part of the expected family contribution. Parents may borrow
up to the cost of education less any financial aid the student is
receiving. The U.S. School of Education, who serves as the lender,
generally deducts origination fees that are determined annually.
Repayment begins within 60 days following the final disbursement
of the loan.
Federal Perkins Loans
Federal Perkins Loans are available through the University
to students who are citizens of the United States and who
demonstrate exceptional financial need. Funds are awarded to
Federal Pell Grant recipients first. Other applicants are awarded
pending availability of funds.
The Federal Perkins Loan Fund was established to help
students pursue their courses of study at their chosen institutions
of higher education. Students are eligible if they are: (1) a
citizen of the United States, in the United States for other than
a temporary purpose and intend to become a permanent
resident thereof, a permanent resident of the Trust Territory of
the Pacific Islands, or the Northern Mariana Islands; (2) in need
of the amount of the loan to pursue a course of study at an
eligible institution; (3) capable, in the opinion of the institution,
of maintaining good standing in such course of study; and (4)
accepted for enrollment as at least a half-time undergraduate
student. Continuing students must be in good standing and
enrolled as at least a half-time undergraduate.
Repayment begins nine months after graduation or when a
student leaves school for other reasons. One may have up to
10 years to pay back the loan, depending upon the aggregate
amount borrowed. During the repayment period, the borrower will
be assessed 5 percent interest on the unpaid balance of the loan
principle.
Student Employment
Federal Work Study
This federally funded program is designed to provide work
opportunities for University students. Students in this program may
qualify for up to 20 hours of work a week during the academic
year, providing they show a demonstrated need based on their
FAFSA. Actual hiring is handled by the department supervisors
who will employ the students. As with campus employment, actual
job placement, number of hours worked, and total dollar amount
earned cannot be guaranteed by Financial Aid. Community service
positions are also available in this program. Visit
for more information.
conditions which must be met, otherwise the grant is converted
into a direct unsubsidized Loan. The following website provides
the full details for the TEACH Grant:
cedarville.edu/TEACH
.
United States Military Scholarships
Army Scholarships
Two, three, and three and one-half year scholarships
are available for students who enroll in Army ROTC. These
scholarships pay all tuition, fees, and textbooks, plus $250–
$400 per month for 10 school months per year. For additional
information, contact the professor of military science at Central
State University, Wilberforce, OH 45384 (937-376-6657 or 937-
376-6279), or call Nicholas Miller, Assistant Registrar at Cedarville
University, at 937-766-7710.
Army National Guard Scholarships
These scholarships pay up to $1,000 per school year and are
available for those who qualify. Additional information pertaining
to these scholarships is available from the professor of military
science at Central State University, or from Nicholas Miller,
Assistant Registrar at Cedarville University, at 937-766-7710.
Air Force Scholarships
Air Force ROTC scholarships are available, paying for the cost
of tuition, fees, and textbooks, plus $150 per month for 10 school
months, to students who demonstrate academic and leadership
potential. Students interested in Air Force ROTC should contact
the Department of Aerospace Studies, Wright State University,
Dayton, OH 45435 (937-775-2730), or call Nicholas Miller,
Assistant Registrar at Cedarville University, at 937-766-7710.
Donor-Funded Scholarships
Through the generosity of alumni, faculty, staff, and friends,
more than 250 donor-funded scholarships are available to
Cedarville students. These scholarships are established and
funded by individuals who create a scholarship and determine
award criteria. Candidates must complete the Free Application
for Federal Student Aid (FAFSA) and/or a scholarship application
or essay to be considered for these awards. The department
of financial aid or committees from academic and University
departments typically select the recipients. Review the list of
donor-funded scholarships online at
cedarville.edu/donorfunded
.
The personal connection between donors and the students they
support plays a significant role in the continued funding of these
scholarships. Recipients are asked to express their thanks to their
donors in the following ways:
• Send a timely letter of appreciation to your donors.
• Attend the Honors Day luncheon in April (if applicable).
• Attend the scholarship reception and Legacy Banquet on
Homecoming weekend.
Federal Direct Stafford Loans
Federal Subsidized and Unsubsidized Stafford Loans
Federal Stafford Student Loan funds are available to dependent
or independent undergraduate students. The federal government
will subsidize (pay) the interest on subsidized loans while the
student is in school and during a six month grace period following
withdrawal or graduation. For detailed information see
In addition, if a student is enrolled for less than a full academic
year immediately preceding graduation, the annual loan limit may
be prorated based on the number of credits remaining to complete
the program of study. Specific questions relating to the federal
regulations outlined above may be directed to Financial Aid.
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2014–15 Undergraduate Academic Catalog
Financial Information
United States Military Scholarships
