2007-2008 Academic Catalog

Financial Information Financial Information 246 Cedarville University 2007-08 cumulative grade average of 3.5. Jim (’68) and Phyllis (’71) Murphy are the donors of this scholarship. The Nehemiah Engineering Award Granted to an engineering student who demonstrates the balance of devotion to God and diligence of professional purpose that was exemplified in the life of Nehemiah. Provided by Dr. and Mrs. Eugene Apple. Oxford University Press Bible Award Awarded to the graduating senior Bible major with the highest GPA. The Patterson College Chemistry Award Given to an outstanding junior chemistry major. Sponsored by the Dayton section of the American Chemical Society. James R. Phipps Communication Award Given to a junior or senior pursuing an academic major in communication arts and actively involved in community service and Christian ministries. Established by the communication arts faculty in honor of Dr. James R. Phipps. Rolan David Polsdorfer Electrical Engineering Award Awarded to advancing sophomore and junior students pursuing a bachelor’s degree in electrical engineering. Recipients must have one year of study remaining in their academic program. This scholarship is provided by Mrs. Catherine Polsdorfer, in loving memory of Rolan David Polsdorfer, to recognize the academic achievements of outstanding students who are pursuing careers in the field of electrical engineering. Mr. & Mrs. Rolan David Polsdorfer Music Award Given to a full-time advancing junior or senior pursuing a bachelor’s degree in music with piano as principal instrument. Recipient must have one year of study remaining. Provided by Mrs. Catherine Polsdorfer. The President’s Trophy Awarded to a graduating senior on the basis of scholastic ability, character, leadership, and sportsmanship. The Donna Purple Award in Education This award was established by the friends and family of Donna Purple to honor her memory and to assist students preparing for a career in education. The recipient must be a full-time rising junior or senior student pursuing a degree in education, preferably middle childhood education, with a minimum GPA of 3.3. The Marlin Rayburn Award Presented to a student who demonstrates excellence in homiletics and has a GPA of 3.0 or above. Established in memory of Marlin Rayburn by Mrs. Ethel Rayburn Jeremiah and Mrs. Marilyn Twigg. The Rietveld Fine Arts Award Given to a junior or senior demonstrating consistent and outstanding ability and development in the area of studio art. Established by Mr. and Mrs. Floyd Rietveld. Roloff Incentive Award This scholarship, endowed by Dr. Marston Val Roloff, is awarded to full-time students who have completed at least one year at Cedarville University. The recipients must demonstrate financial need and be actively involved in community service or other highly desirable leadership roles with a cumulative GPA of 3.0 or above. The award is given to students pursuing an academic program in biological sciences, and preference is given to children and other descendants of Cedarville University graduates. Salt and Light Scholarship Given to students with a minimum GPA of 3.3 who are pursuing a degree under the department of business administration or the department of communication arts. Students must complete an essay application explaining how they plan to integrate biblical thought and practice into their academic discipline. Jane Adams Smith Memorial Scholarship Given to students pursuing an undergraduate degree in any academic major under the department of Communication Arts who have also completed at least one year at Cedarville University. The Spiritual Leadership Music Award This award was established by John and Jean LeBlanc in memorial to his father, John D. LeBlanc, to assist music majors. The recipient must be a full-time junior or senior student pursuing an academic major in music. The recipient must also have a minimum GPA of 3.3 and must demonstrate increasing spiritual maturity as a musician. The Taylor Scholarship Award Established in honor of Ruel B. and M. Ethel Taylor by their children and grandchildren, this endowed scholarship award is granted to a full-time junior nursing student in the top ten percent of the nursing class. The recipient demonstrates financial need, is committed to honoring and serving the Lord and Savior Jesus Christ, and is an excellent prospect for a career in nursing. Olen Tilma Small Business Scholarship Given to students pursuing an undergraduate degree in any academic major under the department of business administration with a minimum cumulative GPA of 3.3. The Undergraduate Award for Achievement in Organic Chemistry Given by the Polymer Education Committee of the Division of Polymer Chemistry and Polymeric Materials to the most outstanding chemistry major in organic chemistry with a GPA of 3.4 or higher. The Kristi Lynn Walborn Memorial Scholarship Given to a sophomore or junior music major with an emphasis in voice or in music education with vocal emphasis. Established in memory of Kristi Lynn Walborn. C. Eugene Walker, Ph.D. Psychology Award Given to a junior or senior pursuing a degree in psychology. The student must have a GPA of 3.3 or above, have plans for graduate education in psychology, be involved in a Christian ministry, and participate in research in Department of Psychology activities. Established by C. Eugene Walker, Ph.D. The Wall Street Journal Award Presented to an outstanding graduate in business administration. The J. D. “Jack” Willetts Scholarship Award Given to a sophomore or junior who excels in preparation for a career in education. Given in memory of the former president of the Cedarville Alumni Association and member of the Class of 1958. The Dr. and Mrs. Duane R. Wood Family Award Granted to a full-time student who will be at least a sophomore with a 3.25 or higher GPA who has evidenced Christian character, leadership on campus, academic achievement, and varsity athletic performance. The Zondervan Greek Award Given to the student having the highest GPA in elementary Greek. Institutional Loan Funds Detailed information concerning the application and repayment process is available from the financial aid office. There are several types of short and long-term loans available for situations where funding is delayed. A co-signer is required unless payment is guaranteed through another source of financial aid in the given academic year. The annual limit for an institutional loan is $2,400. Federal Family Education Loan Programs Federal Stafford Student Loan Federal Stafford Student Loan funds are available to dependent and independent undergraduate students. Requests for loan assistance from this program may be made through the FAFSA. Cedarville University processes applications electronically through the Great Lakes Higher Education Corporation and its participating lenders. Applications will be mailed directly to the student from the guarantee agency. The federal government will subsidize (pay) the interest on loans while the student is in school and during a six month grace period following withdrawal or graduation if the student has demonstrated financial need as determined by the FAFSA calculations. The interest rate, as of July 1, 2006, is a fixed rate at 6.8%. Freshmen can borrow a maximum of $3,500, sophomores $4,500, and juniors and seniors $5,500. Loan origination and insurance fees totaling 3% of the loan amount will be deducted by the lender. Federal Unsubsidized Stafford Student Loan Federal Unsubsidized Stafford Student Loan funds are available to students who do not qualify for all or part of the need-based subsidized Stafford Loan. The annual loan limits are the same, as stated above, for the subsidized, unsubsidized, or any combination of the two programs. In this program, all the terms are the same as the subsidized Stafford; however, the federal government does not cover the interest expenses while the student is in school or during the six-month grace period. The student does have the option to defer interest payments during in-school and grace periods; however, the interest continues to accrue. Independent students are eligible to borrow additional funds through the Unsubsidized Stafford. Freshmen and sophomores may borrow an additional $4,000 and juniors and seniors may borrow an additional $5,000 per year. Federal Parent Loan to Undergraduate Students (PLUS) Federal Parent Loan to Undergraduate Students (PLUS) funds are available for creditworthy parents to borrow on behalf of their students. This loan program is not based on financial need and may be used to replace all or part of the expected family contribution. Parents may borrow any amount up to the cost of education less any financial aid the student is receiving. The fixed interest rate is 8.5%. The lender will deduct 3% of the loan amount to cover the origination and insurance fee. Repayment does begin within 60 days following full disbursement of the loan funds. Further information and applications for this program may be obtained by contacting the financial aid office. Financial Aid