1991-1992 Academic Catalog

206 Financial Information Financial Aid General Information Cedarville College has a broad program of financial aid to assist students who are accepted for admission and who demonstrate a need for such help. All grants and awards are made through the Financial Aid Office of Cedarville College. There are limited endowment funds in varying amounts. These funds have been contributed by individual donors. They are gift awards and are offered based on need and conditions stipulated by the donor. All financial aid, with few exceptions, is based on need as verified by the Financial Aid Form (FAF) of the College Scholarship Service. For entering students, this form is available in high school guidance offices. Students emolled at Cedarville College may pick up this form from the college Financial Aid Office. The Financial Aid Form (FAF) and a Cedarville College Application for Finan– cial Aid (CAF) which is available by request from the college Financial Aid Office must be submitted each year for all individuals applying for financial aid. The Finan– cial Aid Form (FAF) should be submitted to the College Scholarship Service by Febru– ary 15, but not before January 1 of the academic school year for which aid is being requested. Cedarville College accepts the premise that the primary responsibility for financing a college education rests with the student and his family. Aid which Cedarville College is able to extend through work opportunities, scholarships, grants, and loans is viewed as supplementary to what the student and his family can provide. Students requiring assistance are expected to carry some of the financial responsibility in the form of loans, personal savings, summer earnings, part-time work, or a combination of these self-helps. It is assumed that education has a high priority in family affairs and that the children will share in implementing this priority. Assistance received at any time from 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 will be considered in making appropriate revisions of aid offered by Cedarville College. Financial assistance is awarded for one year only, but may be applied for on a yearly basis. The applicant must continue to meet the qualifications outlined in the financial aid agreement A notification of an award is mailed to students as soon as possible after admission to Cedarville College. The amount of assistance awarded is stated on the form, and the student indicates acceptance of the award by signing a copy of the form and returning it to the Financial Aid Office. Students with financial aid questions should call the Financial Aid Office at (513) 766-2211, ext 225 or 1-800-444-2433 during office hours. Grants and Scholarships Academic Scholarships Merit-based scholarships are available for new students who scored in the top 20% on the ACT or SAT assessments. Other merit-based scholoarships include the National Merit Scholarship, Leadership Scholarship, Chancellor Scholarship andWyrtzen Schol– arship. Information concerning these scholarships is available in the Admission Office. Other academic scholarships are available to students who have demonstrated scho– lastic ability and a definite financial need. These scholarships range from $500 to $2,100. Scholarships are awarded on an annual basis and require a minimum cumulative academic average of 3.15 for upperclassmen. Freshman scholarship awards are based on high school rank in the top 25%, academic average (minimum of 3.25) and ACT of 25 or SAT of 1020. Christian character, service, and cooperation are also considered in making these scholarship awards. Departmental Grants Institutional grants may be available in various departments of the College, such as music, speech, and athletics. Inquiries should be addressed to the department chairman. State Grant Programs State Grant Refund Policy Students who qualify for state grant funds must be registered for at least 12 credit hours per quarter in order to receive the benefits. Students withdrawing or dropping below full-time status during the quarter will have their state grant payments adjusted according to the state grant refund policy. Questions pertaining to policy details should be directed to the financial aid office. Ohio Student Choice Grant Students who are residents of Ohio and attending Cedarville College on a full-time basis may be eligible for an Ohio Student Choice Grant Recipients must be an under– graduate student emolled in a bachelors degree program. Students who have a prior bachelors degree or attended college full-time prior to July 1, 1984 do not qualify. Demonstration of financial need is not required. Students must obtain and submit a residency verification form to the College. Ohio Instructional Grants Students who are residents of Ohio and have total incomes of less than $27,000 may be eligible for an Ohio Instructional Grant. Applications may be obtained from the College, the Ohio Board of Regents, or from local high schools.