2006-2007 Academic Catalog

2006-07 Cedarville University 237 Financial Information Financial Information Financial Aid General Information Cedarville University offers a variety of financial aid programs to assist students with education-related expenses. Although Cedarville University 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. Some of the financial aid available at the University 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. It is not necessary to have filed your federal taxes before completing your FAFSA. Estimated data can be used. 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 University Financial Aid Office. For filing online, obtain a PIN number for both the parent and student at www.pin.ed.gov and complete the FAFSA at www.fafsa.ed.gov . In addition to need-based aid , the University also offers merit- based aid to students who demonstrate recognized achievement or talent. Merit scholarship categories include academic, leadership, athletic, music, forensics, theatre, and debate. The financial aid office serves as a resource center to assist students and their families in exploring alternative sources of educational funding. The financial aid homepage has direct links to several scholarship databases. Students are encouraged to investigate privately-funded scholarships through the use of the Internet and accessing www.cedarville.edu/finaid . Students should advise the financial aid office when they receive additional assistance from sources other than Cedarville University. 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 provided to students after reviewing completed application data and after a student is accepted for admission to Cedarville University. Financial aid is applied for and awarded on a yearly basis. Aid applicants must continue to meet program qualifications in order to retain eligibility. All questions may be directed to the financial aid office at 937-766-7866 or 1-800-444-2433. Visit Cedarville’s financial aid Web site at www.cedarville.edu/finaid and the FAFSA Web site at www.fafsa.ed.gov . Institutional 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. Academic Scholarships Cedarville Scholars – Nine students selected from each freshman class. Half tuition award ($9,200 in 2006-07), renewable with 3.5 GPA. National Scholar Award – Students selected as National Merit or National Achievement Finalist or Semi-Finalist. $4,000 award, renewable with 3.5 GPA. • • When completing the FAFSA, the Title IV Code for Cedarville University is 003025. President’s Scholarship – Students who score 30 or higher on the ACT. $2,500 award, renewable with 3.5 GPA. Faculty Scholarship – Students who score between 25-29 on the ACT. Award amounts range from $1,000-2200, renewable with 3.25 GPA. Cedarville Academic Scholarship – Awarded to upperclassmen (sophomore, junior, or senior) with demonstrated need and a 3.5 Cedarville GPA. Awards are $1,800-2,000. African-American Scholarships – These merit and need- based scholarships range from $2,000-5,000. Hispanic Scholarships – These merit and need-based scholarships range from $2,000-5,000. Effective Leader Grants Effective Leader grants are competitive scholarships that are awarded for outstanding leadership experience. Awards are $1,000-2,000. Other Grants Christian Medical and Dental Society Scholarship – One time grant of $1,500 Home school/Leader Scholarship – One time award of $750-2,000 Jack Wyrtzen Scholarship – Awarded to graduates of Word of Life Bible Institute Inter-Cultural Scholarship – A need-based grant for multi- cultured students Student Government Grants – Grants for the elected officers of the student body government Future Generations Scholarship – One-time scholarship for new students whose parents or grandparents graduated from Cedarville University Ministry Grant – A renewable, need-based grant ranging from $500-2,000 will be offered to students who have a parent employed in full-time vocational ministry (pastors, missionaries, Christian educators, etc.). Need will be determined after other institutional, state, and federal grants are applied. A cumulative Cedarville GPA of 2.5 or above is required for renewal. Legacy Grant – A renewable, need-based grant ranging from $500 to $2,000 will be offered to students who have a parent or sibling who is an alumnus or who have a sibling currently enrolled at Cedarville University. Need will be determined after other institutional, state, and federal grants are applied. A cumulative Cedarville GPA of 2.5 or above is required for renewal. Forensics Grant - Awarded by the forensics coach. Debate Grant - Awarded by the debate team coach. Theatre Grant - Awarded by the director of theatre. Church Matching Grant – Cedarville University will match up to $1,000 for students enrolled full time at Cedarville University who receive a scholarship from their local church. The Church Matching Grant application must be received along with the church’s scholarship check. Department Grants Athletic – Contact the athletic department or coach Communication Arts – Contact the director of theatre, forensics, or debate Music – Grants awarded to music majors • • • • • • • • • • • • • • • • • • • • Financial Aid