1980-1981 Academic Catalog

Admission and Finances 3 Bank Loans Loans are available to Cedarville College students through the United Student Aid Funds, Inc., federal guaranteed programs and most state guaranteed loan pro– grams. All of these loan programs are arranged through the local banks, savings and loan associations, credit unions, pension funds and insurance companies for specified interest rates and are repayable starting the tenth month after gradua– tion. Listing of the college in the Directory of Higher Education published by the United States Department of Education makes available the payment of interest by the federal government on loans secured through banks under the various state, federal or private loan programs. National Direct Student Loans are available through the college to students who are citizens of the United States and who can demonstrate financial need to meet educational expenses. Detailed information and application forms are available from the Director of Financial Aid. There are specialized loan funds available to students who meet the proper qual– ifications 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 con– cerning 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. 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, housekeep– ing, laboratory, library, and office assistants. Part-time work is important not only for financial assistance but also for provid– ing 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 upperclassmen, 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 Program (NDSL) was established to help stu– dents pursue their courses of study at their chosen institutions of higher education. Students are eligible if they are: (1) Nationals of the United States, in the U.S. for other than a temporary purpose and intend to become a permanent resident thereof, a permanent resident of the Trust Terriy 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 enroll-