1999-2000 Academic Catalog

Withdrawal date The day the student withdraws is the date (determined by the school): *the student began the withdrawal process prescribed by the school *the student otherwise provided the school with official notifica tion of the intent to withdraw; or *for the student who does not begin the school's withdrawal process or notify the school of the inte~t to v:rithdraw, ~he mid– point of the period of enro~lm~nt .for which Title IV assistance was disbursed (unless the mstitut10n can document a later date.) If the school determines the student did not begin the withdrawal process or notify the school of the intent to wi~hdraw due to illness, accident, grievous personal loss or other such clfc~mstances beyo~d the student's control, then the school may determme the appropnate withdrawal date. Percentage ofthe paymentperiod orperiod ofenrollment completed The percentage of the period of enrollment for which assistance was awarded that was completed is determined: *in the case of a program that is measured in credi~ ~ours, by . dividing the total number of calendar days compnsmg the penod of enrollment for which assistance is awarded into the number of calendar days completed in that period as of the day the student withdrew. Calculation ofTitle IVassistance earned To calculate the amount of Title IV assistance earned by a student, the school must first determine the percentage of Title IV assistance the student earned. Up through the 60 percent point of time, the . percentage of assistance earned is equal to the percentage of the penod of enrollment for which it was awarded that was completed as of the day the student withdrew. If the student withdrawal occurs after the 60 percent point, then the percent is 100 percent. Calculation ofTitle IVassistance not earned The amount of the Title IV grant and loan assistance not earned by the student is calculated by determining the complement of the percentage of assistance the student earned and applying it to the total amount of grant and loan assistance that was disbursed (or that could have been disbursed) to the student, or on the student's behalf, for the period of enrollment as of the day the student withdrew. Difference between amounts earned.and amounts ~·eceived . The school will follow the regulat10ns for late disbursement if the student received less grant or loan assistance than the amount earned. If the student has received more grant or loan assistance than the amount earned, then the unearned funds shall be returned by the school or the student, or both. Responsibility ofthe school The school shall return the lesser of the unearned amount of Title IV assistance or an amount equal to the total institutional charges the student incurs for the period of enrollment of which the assistance. was awarded, multiplied by the unearned percentage of awarded Title IV grant and loan assistance. Responsibility ofthe student Students return unearned Title IV assistance minus the amount the school returns. Order ofreturn ofTitle IVfunds Excess funds returned by the school or student are credited to outstanding Title IV loan balances for the student or made on the student's behalf for which a return of funds is required. Excess funds must be credited to outstanding balances in the following order: 1. Unsubsidized Stafford loans 2. Subsidized Stafford loans 3. Federal Perkins loans 4. FFEL PLUS loans 5. Federal Pell grant 6. Federal SEOG grant Veterans Training Benefits and Dependents Educational Assistance Cedarville College is approved under Title 38, Chapters 30, 31, 32, 35, and 106 U.S. Code for Education ofVeterans and their Depen– dents. Students under Chapters 30, 32, 35, and 106 are required to pay the school for all charges. The Veterans Administration in tum pays them a monthly allowance based upon their training load. Veterans un?e.r Chapter 31 are paid a monthly ~llowance and the Veteran~ Admmis– tration pays the school for tuit10n, fees, boo~s, and supplies. Inquiries concerning eligibility should be dlfected to the Contact Office of a Veterans Administration Regional Office. Students planning to study unde~ one of the education. l~ws s~ould ~e~eive approval prior to enrollmg. A Veterans Admmistrat10n trammg officer will contact the college in the disabled cases to accomplish this requirement for the student. Cedarville College students eligible for veterans benefits should contact the veterans benefits counselor in the Academic Services Office. Deferred Payment Plan for Veterans For Option Deferred Payment Plan for Veterans (under chapters 30 31 32 and 35) receiving the Educational Assistance Allowances, co~sult th~ Academic Services Office. Payments by veterans receiving their Educational Assistance Allowance checks one month behind will be as follows: Fall Quarter: first payment by 11/5 second payment by 12/6 final payment by 1/5 Winter Quarter: first payment by 2/4 second payment by 3/6 final payment by 4/5* Spring Quarter: first payment by 4/5* second payment by 5/5 final payment by 6/5 *Two payments are due on the same date. 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 nme deferred payments on the three-quarter system. When completing the FAFSA, use this Title IV Code for Cedarville College: 003025. General Information Cedarville College offers a variety of financial aid progra~s to assist students 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 the College is considered to be need-based aid. Students are asked to complete the Free Application for Federal Student Aid (FAFSA) and submit the fonn to the Central Processing Center. The FAFSA should be submitted to the .central processor by February 10, but not before January 1 prece?mg the academic year for which aid is being requested. An analysis of the family's financial data is performed and the results are us~d to . determine the eligibility for need-based assistance. New aid appli– cants 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 centi·al processor. . In addition to need-based aid, the College also offers merit-based aid to students who demonsti·ate recognized achievement or talent. Merit scholarship categories include academic, leadership, athletic, music, and forensics.