1996-1997 Academic Catalog

Deferred Payment Plan for Veterans For Option Deferred Payment Plan for Veterans (under chapters 30, 31, 32, and 35) receiving the Educational Assistance Allowances, consult the Academic Records Office. Payments by veterans receiving their Educational Assistance Allowance checks one month behind will be as follows: Fall Quarter: Winter Quarter: Spring Quarter: first payment by 11/5 second payment by 12/5 final payment by 1/6 first payment by 2/5 second payment by 3/5 final payment by 417* first payment by 4/7* second payment by 5/5 final payment by 6/5 Interest of 1.083% per month will be charged on unpaid balances. A late payment charge of $20 is applicable for accounts unpaid after the payment due date. Veterans receive eight monthly VA checks, which must pay for nine deferred payments on the three-quarter system. * Two payments are due on the same date. Financial Aid When completing the FAFSA, use this Title IV Code for Cedarville College: 003025. General Information Cedarville College offers a variety of financial aid programs to assist the student with education-related expenses. Although Cedarville College supports the premise that the primary responsibility for financing a college education rests with the student and family, aid programs are available to supplement personal resources. Most of the financial aid available at Cedarville College is considered to be need-based aid. Students are asked to complete the Free Application for Federal Student Aid (FAFSA) and submit the form to the Central Processing center. The FAFSA should be submitted to the central processor by February 10, but not before January 1 preceding the academic year for which aid is being requested. An analysis of the family's financial data is performed and the results are used to determine the eligibility for need-based assistance. New aid applicants may obtain the FAFSA from their high school guidance counselor or from the Cedarville College Financial Aid Office. Students who have submitted a FAFSA application for the previous school year will receive at their home address a renewal FAFSA from the central processor. In addition to completing the FAFSA, students must submit the institutional Cedarville Aid Form (CAF) to the Financial Aid Office. This form will not be required after the 1996-1997 academic year. The CAF is available in the application for admission packet or by request from the Financial Aid Office. In addition to need-based aid, Cedarville College also offers merit-based aid to students who demonstrate recognized achievement or talent. Merit scholarship categories include academic, leadership, athletic, music, and forensics. Financial Information 97 The Financial Aid Office serves as a resource center to assist students and their families in exploring alternative sources of educational funding. Students are encouraged to investigate privately-funded scholarships through the use of the World Wide Web. Access to the fastWEB, a database of over 180,000 scholarship opportunities, may be obtained by using a searching tool and typing fastWEB or using the direct address of http://web.studentservices.com/fastweb. Students on campus may also use a database produced by the College Board and made available on the college network called College Cost Explorer. The Financial Aid Office can also refer students and parents to several competitive alternative loan programs sponsored by a variety of lending institutions. Students are asked to advise the Financial Aid Office when additional assistance is received from sources other than Cedarville College. This assistance will be considered when preparing award packages and at times may result in the revision of a previously prepared package. A Financial Aid Award Notification will be mailed to students after a review of the application data that is complete and acceptance for admission to Cedarville College has been granted. Financial aid is applied for and awarded on a yearly basis. Aid applicants must continue to meet program qualifi– cations in order to retain eligibility. All questions may be directed to the Financial Aid Office at 937-766-7866 or 1-800-444-2433. Grants and Scholarships All awards are based on full-time enrollment (12 hours or more). Students who enroll for fewer than 12 hours will have their awards prorated according to the following schedule: 12 hours or more= full-time 9-11 hours = 3/4 time 6-8 hours = 1/2 time 1-5 = no award Academic Scholarships Merit-based Achievement Scholarships are available for new students who scored in the top 20% on the ACT or SAT assess– ments. Other merit-based scholarships include the National Merit Scholarship, Leadership Scholarship, Chancellor Scholarship, and Wyrtzen Scholarship. Information concerning these scholarships is available in the Admissions Office. The Cedarville College Academic Scholarship is available to upper classmen who have demonstrated scholastic ability and a definite financial need. These scholarships range from $1,500 to $2,100. They are offered on a first come, first served basis until available funds are exhausted. The scholarship is awarded on an annual basis and requires a minimum cumulative GPA of 3.25 for upperclass– men. Christian character, service, and cooperation are also consid– ered in making this scholarship award. 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 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. Recipient must be an undergraduate student enrolled in a bachelors degree program. Students who have a prior bachelors degree or have attended college full-time prior to July 1, 1984 do not qualify. Demonstration of financial need is not required. Students must complete the residency section on the Cedarville Aid Form.