1985-1986 Academic Catalog

Financial Aid Office. Actual hiring is done by the department supervisors who will employ the students. Although not able to guarantee employment, Cedarville Col– lege assists needy students by recommending them for part-time employment, both on the campus and in surrounding com– munities. Students are employed in various part-time jobs on campus such as maintenance, cafeteria, housekeeping, and labo– ratory, 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 ex– perience 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 neces– sity. At least the first quarter of the freshman year should be de– voted to study and adjustment to college life. 11-4·.:..r11° 111 ·'Jl111u Insured Student Loans Loans are available to Cedarville College students through the United Student Aid Funds, Inc., and most state-guaranteed loan programs. These loan programs are arranged through local banks, savings and loan associations, credit unions, pension funds, and insurance companies for nominal, specified interest rates and are repayable beginning the seventh month after graduation. The list– ing of Cedarville 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 eligible loans secured through the lending institutions listed above under the various state, federal, or private loan programs. Other Educational Loans Loans may be available through local banks or specific organi– zations. High school guidance counselors can provide informa– tion concerning many of these loan programs. Farm children can arrange educational loans through their local Production Credit Association Office. The director of financial aid can supply additional information concerning the above loan opportunities. National Direct Student Loans National Direct Student Loans are available through the college to students who are citizens of the United States and who can dem– onstrate financial need to meet educational expenses. Detailed in– formation and application forms are available from the director of financial aid. The National Direct Student Loan Program (NDSL) was estab– lished to help students pursue their courses of study at their chosen institutions of higher education. A student is eligible if he is: (1) a national of the United States, in the United States for other than a temporary purpose and intends to become a permanent resident thereof, a permanent resident of the Trust Territory 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 in– stitution; (3) capable, in the opinion of the institution, of main– taining good standing in such course of study; and (4) accepted for enrollment as at least a half-time undergraduate student. Continu– ing students must be in good standing and enrolled as at least a half-time undergraduate. The statute governing the NDSL program does not restrict the amount which may be granted per academic year. However, the aggregate of all loans for all years from the NDSL funds may not exceed: (1) $10,000 in the case of any graduate or professional student, including any loans from such funds made to such person before he or she became a graduate or professional student; (2) $6000 in the case of a student who has successfully completed two academic years of a program of education leading to a bachelor's degree, but who has not completed the work necessary for such a degree, including any loans from such made to that person before he or she became such a student; and (3) $3000 in the case of any student who has not completed two academic years of a program of education leading to a bachelor's degree. Repayment begins six months after graduation or when a stu– dent leaves school for other reasons. One may have up to I0 years