1973-1974 Academic Catalog

Admission and Finances 27 Students who are residents of Ohio and who have exceptional financial need may be eligible for an Ohio Instructional Grant. The high school guidance counselor or the Director of Financial Aid can give you the details on qualifications and application process. Educational Opportunity Grants The Federal government provides, through the U.S. Office of Education, funds for a limited number of students with exceptional financial need, who require these grants to attend college, and who show academic or creative promise. Grants range from $300 to $1,000 a year and must be supplemented by at least an equal amount of other assistance to the student. The amount of financial assistance a student may receive under an Educa– tional Opportunity Grant depends upon his need, taking into account his financial resources, those of his parents, and the cost of attending Cedarville. Bank loans Loans are available to Cedarville College students through the United Student Aid Funds, Inc., and most state guaranteed loan programs. All of these loan programs are arranged through local banks for specified interest rates and are repayable after graduation. Listing of the college in the Direc– tory of Higher Education published by the United States Department of Education makes available the payment of interest by the federal govern– ment on loans secured through banks under the various state or private loan programs. National Defense Student Loans are available through the college to stu– dents who are citizens of the United States and who can demonstrate finan– cial need to meet educational expenses. Detailed information and applica– tion forms are available from the Director of Financial Aid. There are specialized loan funds available to students who meet the proper qualifications such as the McChesney Memorial Loan Fund for resi– dents of Greene County, Ohio, the Bancroft Loan Fund for missionary can– didates, the Polly Leunk Memorial Fund, the JDC Memorial Fund, the Miter Loan Fund, and others. A very limited amount of money is available to students with special needs through the college Student Aid Fund. Other education loan programs may be available through local banks or specific organizations. High school guidance counselors can give you information concerning these. Farm children can arrange educational loans through their local Production Credit Association office. The Director of Financial Aid can supply information concerning the above loans as to banks servicing these loans and specialized qualifications.