2012-2013 Annual Report

For the first time since 1973, students attending Cedarville University will see no tuition increase next academic year, although room and board will increase slightly. This decision is part of a long-term strategy by the University to keep tuition affordable for current and future students while continuing to offer competitive financial aid opportunities. God has always proven Himself faithful to provide for my needs, especially my financial needs. This year, for example, I was blessed to receive a donor-funded scholarship. Then, at this year’s Legacy Banquet, God stirred my donor’s heart to give above and beyond what she already had. I believe God intends for us to use what He’s given us to bless others with His kingdom in mind. My donor’s generosity did just that. The day I learned about the increase, I had been looking over my finances and was feeling burdened. When I checked my email, I noticed a message letting me know that my scholarship had grown, and I was grinning ear to ear when I read that. I began calling people to tell them about God’s providence and promises (Matt. 6:25–34). I do not need to worry about where the money for my tuition will come from — because of generous donors, I will be able to complete what God has called me to do. My scholarship is more than just a financial blessing. I have been blessed with several opportunities to share with my donor how God is working in my life and using my education to have a Kingdom-minded impact. Hannah Rostan ’14, Education Scholarship Recipient KEEPING CEDARVILLE AFFORDABLE Financial Aid Options: Approximately 98 percent of our freshmen students received some type of financial aid last year, including merit and need- based scholarships, grants, loans, and employment. The average package was $17,526, which included scholarships, grants, student loans, and federal work study. Academic scholarships range from $4,000–$12,000 per year for four years. We awarded 518 donor-funded scholarships in 2012–13, totaling $913231 (354 endowed awards and 164 annually funded). 14