1989-1990 Academic Catalog

Loan Funds Detailed information concerning all loans including eligibility, application proce– dures, and repayment schedules is available from the FinancialAid Office. Several types of loans are available. Cedarville College Student Loans The Bancroft loan Fund Established to assist students \Vho are planning to serve in some aspect ofnlissionary service. The Janies Bucholtz Me111orial loan Fund Established by the parents in memory of their son to assist eligible students. The Jo Anne Busc/11na1111 Menzorial loan Fund Established by the parents in men1ory of their daughter to assist eligible students. The Jonathan Edtt•ard Clater Me111orial loan Fund Established by Mr. Clater to assist students \vhose education \vould be interrupted by a special financial crisis. The Fuller/on Music Student loan Fund Established to assist music majors. The Gale Me111orial Loan Fund Established by Mr. Ralph B. Gale to help eli– gible, needy students on a short term basis. The Ke111p Loan Fund Established by a former financial aid office secretary for eligible students to use over a period of 15-30 days. The M.K. Loan and Grant Fund Established by interested alumni nlissionary friends to assist children of missionary parents \Vho nleet the guidelines and \Vho, \Vithout this help, \vould have difficulty nleeting their educational expenses. Nursing Student Loan P1vgra111 Established to assist students pursuing a course ofstudy leading to a baccalaureate degree in nursing. Tlze Polly leu11k Me111orial Loan Fund Established to assist students \Vho are unable to obtain funds through other sources. The Fra11ces McChesney Me111orial Loan Fund Established by the Cedruville College alumni prior to 1952 to assist any eligible, deserving Greene County stu– dent. The Milter Loan Fund Established by a friend of the College to assist eligible students. The Science Loan Fund Established by the Science Department to assist science majors \Vho demonstrate financial need. The Student Body Loan and Grant Fnnd Established by the Class of 1972 to provide loan and grant funds to eligible students. Tlze Student E111erge11cy Fund Established to provide short term loans to help students facing unanticipated emergencies. Financial I11formatio11 185 Federally Insured Student Loans Loans are available to Cedarville College students through the United Student Aid Funds, Inc., and most state-guaranteed loan progranlS. 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 repay– able beginning the seventh month after graduation. The listing ofCedruville 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 progrruns. Other Educational Loans Loans may be available through local banks or specific organizations. Teacher education majors may qualify for a loan through the Ohio Student Loan Con1n1is– sion. Specific eligibility requirements are n1aintained. Teacher education loans may be forgiven due to teaching service. High school guidance counselors can provide information concerning many of these loan progra1ns. Otlldren of farmers can ar– range educational loans through their local Production Credit Association Office. 111e director of financial aid can supply additional information concerning the above loan opportunities. "I chose Cedarville because I felt that aliberal arts background wouldprovide the best preparation for the ministry. The psychologyminor that I've added to mymajor In presemlnaryBible has given me many valuable insights Into people." - Employed in the libratyasastudent, BradHood from Gallipolis, Ohio, graduated in 1989.