1989-1990 Academic Catalog

Perkins Loans Perkins Loans are available through the College to students \Vho are citizens of the United States and \Vho can den1onstrate financial need to n1eet educational expenses. Detailed infonnation and application fom1s are available fro1n the direc– tor offinancial aid. The Perkins Loan Fund (NDSL) \Vas established 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 ten1porary purpose and intends to beco1ne a pcnnanent resident thereof, a penna– nent resident of the Tn1st Territory of the Pacific Islands, or the Northern Mariana Islands; (2) in need of the ainount of the loan to pursue a course of study at an eligible institution; (3) capable, in the opinion of the institution, of n1aintaining good standing in such course of study; and (4) accepted for enrollinent as at least a half– ti1ne undergraduate student. Continuing students n1ust be in good standing and enrolled as at least a half-tiTne undergraduate. The statute governing the Perkins Loan Fund does not restrict the amount \Vhich n1ay be granted per acade1nic year. Ho\vever, the aggregate of all loans for all years fro1n the PLF may not exceed: (1) $18,000 in the case of any graduate or profes– sional student, including any loans fro1n such funds 1nade to such person before he or she becrune a graduate or professional student; (2) $9,000 in the case of a student who has successfully con1pleted t\VO acadentlc years of a progran1 of education leading to a bachelor's degree, but \Vho has not completed the \York necessary for such a degree, including any loans fron1 such made to that person before he or she becan1e such a student; and (3) $4,500 in the case of any student \Vho has not completed l\vo academic years of a progrrun of education leading to a bachelor's degree. Repay1nent begins nine n1onths after graduation or \Vhen a student leaves school for other reasons. One may have up to I0 years to pay back the loan, depending upon the aggregate runount borro\ved. During the repayment period, the borro\ver \Vill be assessed five percent interest on the unpaid balance of the loan principle. No payments are required for up to three years \Vhile one is serving in theArmed Forces, Peace Corps, Vista, or other areas in special service. 1l1e director of financial aid will explain to the student applicant about loan cancellation provisions for borro\vers \Vho go into certain fields of teaching or specified military duty. Financial Information Student Employment College Work Study 187 111is federally-funded progrrun is designed to provide \Vork opportunities avail– able to college students. Students in this progran1 may qualify for up to ten hours a \Veek during the acade1nic year.·All work assignments are n1ade by the Financial Aid Office. Actual hiring is done by the department supervisors \Vho \Vill en1ploy the students. Campos Employment Although not able to guarru1tee e1nploy1nent, Cedarville College assists needy students by reconm1ending the1n for part-tin1e e1nployn1ent. Students are en1ployed in various part-time jobs on campus such as maintenru1ce, cafeteria, housekeeping, and laboratory, library, and office assistants. Part-tin1e \VOrk is iniportant not only for financial assistance but also for provid– ing practical job training for the student. The experience gained frorn these jobs is useful \Vhen the student leaves the College to apply for full-tin1e employment. Although part-ti1ne student e1nploy1nent is not restricted to upperclassmen, fresh– men should \Vork only in the case of necessity. At least the first quarter of the freshn1an year should be devoted to study and adjustn1ent to college life. Off-Campus Employment Because of the College's reputation for attracting sharp students, many area ent– ployers contact the Placen1ent Office to employ students on a part-time basis. Some– tintes students obtain \Vork related to their fields of study and gain valuable experi– ence as \Veil as income. TI1ough no formal restrictions pertain to tltls employment, students are encouraged to lilnit their \Vorking hours to approxin1ately t\venty hours per week to insure sufficient time to study.