1987-1988 Academic Catalog

170 service to Cedarville College. Interest from the fund gener– ates scholarships in their honor for students in good standing and with financial need. 30. Lewis P. Gallagher Scholarship Fund Established by Lewis P. Gallagher Family Foundation in honor of Lewis P. and Clara Custer Gallagher. Their desire is to enable qualified candidates from the state of Maine to pur– sue a Christian college education. Student Employment College Work Study This program is designed to provide work opportunities avail– able to college students. It is a federally-funded program. Stu– dents in this program may qualify for up to ten (10) hours a week during the academic year. All work assignments are made by the 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. Loan Funds Federally 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. Perkins Loans Perkins Loans are available through the college to students who are citizens of the United States and who can demonstrate finan– cial need to meet educational expenses. Detailed information and application forms are available from the director of financial aid. The Perkins Loan Fund (NDSL) was established to help stu– dents 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 pur– pose and intends to become a permanent resident thereof, a per– manent 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 institution; (3) capable, in the opinion of the institution, of maintaining good standing in such course of study; and (4) accepted for enrollment as at least a half-time undergraduate student. Continuing students must be in good standing and enrolled ,as at least a half-time undergraduate. The statute governing the Perkins Loan Fund does not restrict the amount which may be granted per academic year. However, the aggregate of all loans for all years from the PLF may not ex– ceed: (1) $18,000 in the case of any graduate or professional stu– dent, including any loans from such funds made to such person before he or she became a graduate or professional student; (2)