1977-1978 Academic Catalog

vu Cedarville College There are specialized Joan funds available to students who meet the proper qualifications such as the McChesney Memorial Loan Fund for residents of Greene County, Ohio, the Bancroft Loan Fund for missionary candidates, 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 Joans 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 qual– ifications. Student Employment Although not able to guarantee employment, Cedarville College assists needy students by recommending them for part-time employment, both on the campus and in surrounding communities. The college has students employed in various part-time jobs on campus. These opportunities include work such as campus maintenance, cafeteria, housekeeping, laboratory, library, and office assistants. Part-time work is important not only for financial assistance but also for providing practical job training for the student. The experience gained from these jobs is- useful when the student leaves the college to apply for full-time employment. Although part-time student employment is not restricted to upper– classmen, freshmen should work only in the case of necessity. At least the first quarter of the freshman year should be devoted to study and to adjustment to college life. National Direct Student Loans The National Direct Student Loan (NDSL) Program is for students who are enrolled at least half-time in a participating postsecondary institution and who need a Joan to meet their educational expenses. You may borrow up to a total of: (a) $2,500 if you are enrolled in a vocational program or if you have completed less than two years of a program leading to a bachelor's degree; (b) $5,000 if you are an un– dergraduate student who has already completed 2 years of study toward a bachelor's degree. (This total includes any amount you borrowed under NDSL for your first two years of study); (c) $10,000 for graduate study. (This total includes any amount you borrowed under NDSL for your undergraduate study.) Repayment begins 9 months after you graduate or leave school for other reasons. You may be allowed up to 10 years to pay back the Joan. During the repayment period you will be charged 3 percent interest on the unpaid balance of the loan principal. No payments are required for up to three years whi,le you serve in the Armed Forces, Peace Corps, or VISTA. The Financial Aid Director will explain to student applicants about loan cancellation provisions for borrowers who go into certain fields of teaching or specified military duty.