1982-1983 Academic Catalog

130 This applies only to types of aid which are paid directly to Cedar– ville College. The deferred plan will remain as one-third due at financial reg– istration, the second third due four weeks later, and the last and final third due eight weeks after registration. There will be a $10 charge for delinquency if the third installment is not paid when due. Consider Before Registration: A student's registration for college classes is his or her obligation and commitment to pay for the related charges as stated in the college catalog. The use of the college's Deferred Payment Plan constitutes a debt obligation of the student to the college, payable in installments as stated. Therefore, it is very important that you as parent or student con– sider and understand the full cost and obligation to which you are committing yourself. The testimony of Cedarville College depends upon the power and grace of our Lord Jesus Christ and on all those who are com– mitted to the college. This includes financial obligations as well as spiritual commitments. No student will be allowed to begin the next quarter, receive grade reports of transcripts, or graduate with an unpaid account at the college. A charge of I% monthly will be assessed overdue ac– counts. NOTICE: Statements of account are normally given to students monthly. Prior to the fall quarter a statement will be mailed to each preregistered student's home address. All students are en– couraged to pay tuition and fees by mail prior to the beginning of each quarter. Prepayment Incentive Credit Plan Students may prepay their college costs and earn a prepayment credit on their accounts. This is optional for any accepted or cur– rently enrolled student. Prepayments can be made monthly, quar– terly, or annually. All prepayments are immediately credited to the student's account. At the end of each month, the credit balance in a student's ac– count in excess of $500 which has been on deposit for 30 days, will earn a prepayment credit. The current annual rate is 10%; the current monthly credit allowed is .833%. These earnings will be credited to the account and compounded monthly. This rate is subject to change each year. Students may make withdrawals from a credit balance on their account. Bookstore purchases can be charged against a credit bal– ance. Any credit balance will be refunded upon request. The stu– dent's monthly statement will show the amount of prepayment credit earned that month and the total amount of prepayment to date. Veterans Training Benefits and Dependents Educational Assistance Cedarville College is approved under Title 38, Chapters 31, 32, 34, and 35, U.S. Code for education of veterans and their de– pendents. Students under Chapters 32, 34 and 35 are required to pay the school for all charges. The Veterans Administration in turn pays them a monthly allowance based upon their training load. Vet– erans under Chapter 31 are paid a monthly allowance and the Vet– erans Administration pays the school for most charges. Inquiries concerning eligibility should be directed to the Con– tact Office of a Veterans Administration Regional Office. Stu– dents planning to study under one of the education laws should re– ceive approval prior to enrolling. A Veterans Administration training officer will contact the college in the disabled cases to accomplish this requirement for the student. Deferred Payment Plan for Veterans For Option Deferred Payment Plan for Veterans (under chap– ters 31, 32, 34, and 35) receiving the Educational Assistance Al– lowances, consult Office of Academic Records. Payments by veterans receiving their Educational Assistance Allowance checks one month behind will be as follows, with de– ferred payment charge of $25 still in effect. FALLQUARTER: l/3downby 11/5 2/3 paid by 12/5