1981-1982 Academic Catalog

30 Students applying for financial aid are considered for all pro– grams for which they are eligible. The amount of financial aid awarded is generally a combination of grant, loan, and employ– ment, and is based on the financial need of the student. Need is de– termined by subtracting the resources of the student and his or her parents' contribution from the total student expenses. The par– ents' contribution is estimated on the basis of the amount of their income and assets as well as a consideration of taxes, medical ex– penses, and other liabilities of the family. An independent, objec– tive, nationally recognized method of analysis developed by the College Scholarship Service is used to evaluate the family's fi– nancial circumstances. All financial aid awards to students are de– termined by the Cedarville College Office of Financial Aid. Procedures for applying for financial aid. Students should apply for financial aid by May 1. Students should submit a Finan– cial Aid Form (FAF) to the College Scholarship Service by March 1, but not before January I , of the academic school year for which aid is being requested. The Financial Aid Form may be ob– tained from a high school guidance office or by writing to the Of– fice of Student Financial Aid. Students should specify 1151 as the code number for C<:darville College in the appropriate place of the FAF. A letter explaining the decision relative to the award and giving information about any aid offered will be sent by July I to each student who applies prior to the deadline dates specified above. Cedarville College reserves the right to withhold student tran– scripts for nonpayment of school accounts, loans directly related to educational expenses, and overpayments of any federal or state regulations. Students are required to maintain satisfactory aca– demic progress in order to receive financial aid. For additional in– formation, contact the Financial Aid Office. Scholarships Academic scholarships are available to students who have demonstrated scholastic ability and a definite financial need. These scholarships range from $150 to $1000 in amount and also may provide an opportunity of employment with the college. Scholarships are awarded on an annual basis and require a min– imum cumulative academic average of 3.25 for upperclassmen. Freshman scholarship awards are based on high school rank, aca– demic average (minimum of 3.25) and ACT or SAT scores. Christian character, service, and cooperation are also considered in making these scholarship awards. Athletic Grants Athletic grants-in-aid are available for qualified athletes. In-· quiries should be addressed to the athletic director. Special Institutional Grant and Scholarship Funds Alumni and other people who have a special interest in the growth and progress of Cedarville College have generously do– nated funds to help defray educational expenses of students who have special and exceptional financial needs. These funds, which are listed below, are under the control of the director of financial aid. He will determine who is eligible and the award that will be provided according to specific guidelines for each fund. I . Andrew Smith Memorial Scholarship Fund Established in honor of Andrew Smith, the son of Mr. and Mrs. Roger Smith. Its purpose is to help handicapped stu– dents, wards of institutions such as the Baptist Children's Home in Valparaiso, Indiana, and orphans. 2. Helping-Hand Endowed Fund Established by Miss Mabel Irvin Walker. Its purpose is to use the interest income for scholarships to be given to de– serving and needy students. 3. Rev. and Mrs. Earl V. Willetts Endowed Grant Fund Established by family and friends of the Willetts in honor of their fiftieth wedding anniversary and their many years of service to Cedarville College. Interest from the fund gener– ates scholarships in their honor for students in good standing and with financial need. 4. William M. Junk and Frances Smith Junk Endowed Grant Fund Established by Mr. and Mrs. William M. Junk for the pur– pose of providing a one-time grant to a freshman student who has sufficient ability to be enrolled and to maintain academic progress according to the standards of Cedarville College.