1989-1990 Academic Catalog

182 Financial Information Financial Aid General Information Cedruville College has a broad program of financial aid to assist students who are accepted for admission and \Vho demonstrate a need for such help. All grants and a\vards are made through the Financial Aid Office of Cedruville College. There are limited endo\vment funds in varying amounts. These funds have been contributed by individual donors. They are gift awards and are a\varded based on need and conditions stipulated by the donor. All financial aid, \Vith fe\v exceptions, is based on need as verified by the Financial Aid Fonn (FAF) of the College Scholarship Service. For entering students, this fonn is available in high school guidance offices. Students enrolled at Cedruville College may pick up this fonn from the college Financial Aid Office. The Financial Aid Fonn (FAF) and a Cedarville College Application fot Financial Aid (CAF) which is available by request from the college Financial Aid Office nlust be submitted each year for all individuals applying for financial aid. The Financial Aid Form (FAF) should be submitted to the College Scholarship Service by February 15, but not before January 1 of the academic school year for \Vhich aid is being requested. Cedarville College accepts the pren1ise that the primary responsibility for financfi ing a college education rests \Vith the student and his family. Aid \Vhich Cedarville College is able to extend through work opportunities, scholarships, grants, and loans is viewed as supple1nentary to what the student and his family can provide. Students requiring assistance are expected to carry some of the financial responsibility in the fonn of loans, personal savings, su1nmer earnings, partfitime \Vork, or a combination of these selffihelps. It is assumed that education has a high priority in family affairs and that the children will share in llnplementing this priority. Assistance received at any time fron1 sources other than Cedarville College must be reported to the Director of Financial Aid as a part of the student's financial resources. Assistance of this nature \Viii be considered in making appropriate revifi sions ofaid offered by Cedarville College. Financial assistance is a\varded for one year only, but may be applied for on a yearly basis. The applicant nlust continue to meet the qualifications outlined in the financial aid agreement. A notification of an a\vaid is nlailed to prospective students as soon as possible after ad1nission to Cedarville College. The anlount of assistance a\varded is slated on the fonn, and the student indicates acceptance of the a\vard by signing a copy of the fom1 and returning it to the FinancialAid Office. Grants and Scholarships Academic Scholarships Meritfibascd Presidential Scholarships are available for freslunen \Vho score in the top 2% on the ACT or SAT assessments. Other academic scholarships are available to students \Vho have den1onstrated scholastic ability and a definite finanfi cial need. These scholarships range fron1 $300 to $1,500 in amount and also niay provide an opportunity ofen1ploy1nent \Vith the College. Scholarships are a\varded on an annual basis and require a minin1u1n cu1nulative academic average of 3.15 for upperclassmen. Freshn1an scholarship a\vards are based on high school rank, acadentlc average (ntlnin1un1of3.25) and ACT or SAT scores. Christian character, service, and cooperation are also considered in 1naking these scholarship a\vards. Departmental Grants Institutional grants nlay be available iii various depart1nen1s of the college, such as music, speech, athletics, etc. Inquiries should be addressed to the depart1nent chairman. Ohio Stndent Choice Grant Students \Vho are residents of Ohio and attending Cedarville College on a fullfi tin1e basis may be eligible for an Ohio Student Choice Grant. Recipients nlust be an undergraduate student enrolled in a bachelors degree progran1. Students \Vho have a prior bachelors degree or attended college fullfitin1e prior to July I, 1984 do not qualify. Den1onstration of financial need is not required. Students n1ust obtain and sub111it a residency verification fom1 to the College. Ohio Instructional Grants Students who are residents of Ohio and have total inco1nes of less than $25,000 niay be eligible for an Ohio Instructional Grant. Applications 111ay be obtained from the college, the Ohio Board of Regents, or from local high schools. Panl Douglas Teacher Scholarship Program This progrrun is designed to assist eligible students enrolled in a teacher certificafi tion progrrull at the prefischool, elementary or ~econdary level. Applicrults n1ust rank in the top 10% of his or her high school graduating class, or have received GED test scores equivalent to ranking in the top 10% of high school gmduates nationally. Applicants 111ay be eligible to receive up to $5,000 per year. For n1ore infonnation concerning eligibility requirements and application precedures, contact your high school counselor, state aid conm1ission or the financial aid oftice. Application deadfi lines are generally in Febn1ary preceding the a\vard year.