2013-2014 Undergraduate Academic Catalog

Percentage of the payment period or period of enrollment completed This calculation is derived by dividing the number of days the student completed into the total number of days in the semester. Calculation of Title IV assistance earned Up through the 60% point of time, the percentage of assistance earned is equal to the percentage of the period 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% point, then the amount is 100%. Responsibility of the 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 of the student Students shall return unearned Title IV assistance minus the amount the school returns. Order of return of Title IV funds 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. Federal PLUS loans 5. Federal Pell grant 6. Federal SEOG grant 7. Federal TEACH grant Veterans Training Benefits and Dependents Educational Assistance Cedarville University is approved under Title 38, Chapters 30, 31, 32, 33, 35, 1606 and 1607, U.S. Code for Education of Veterans and Their Dependents. Students under Chapters 30, 32, 35, 1606, and 1607 are required to pay the school for all charges. The Veterans Administration in turn pays them a monthly allowance based upon their training load. Veterans under Chapter 31 are paid a monthly allowance and the Veterans Administration pays the school for tuition, fees, books, and supplies. Cedarville University is a participant in the VA Yellow Ribbon Program. Those students eligible to receive Chapter 33 Post-9/11 benefits may qualify to receive benefits through the VA Yellow Ribbon program. Inquiries concerning eligibility should be directed to the contact office of a Veterans Administration Regional Office. Students planning to study under one of the education laws should receive approval prior to enrolling. A Veterans Administration training officer will contact the University in the disabled cases to accomplish this requirement for the student. Cedarville University students eligible for veterans benefits should contact the veterans benefits counselor in the Office of the Registrar. Deferred Payment Plan for Veterans For Option Deferred Payment Plan for Veterans (under Chapters 30, 31, 32, 33, and 35) receiving the Educational Assistance Allowances, consult the Office of the Registrar. Payments by veterans receiving their Educational Assistance Allowance checks one month behind will be as follows: Fall Semester: 1st payment by 10/4 2nd payment by 11/1 3rd payment by 12/1 Final payment by 1/1 Spring Semester: 1st payment by 2/4 2nd payment by 3/1 3rd payment by 4/1 Final payment by 5/1 A late payment charge of $25 is applicable for accounts unpaid after the payment due date. Veterans receive eight monthly VA checks that must pay for eight deferred payments on the semester system. 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 and submit the Free Application for Federal Student Aid (FAFSA). It is not necessary to file your federal taxes before completing your FAFSA as estimated data may 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. For filing online, obtain a PIN number for both the parent and student at pin.ed.gov and complete the FAFSA at fafsa.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. Financial Aid 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 cedarville.edu/finaid . Students should advise Financial Aid when they receive additional assistance from sources other than Cedarville University. This assistance will be considered when preparing award packages and 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 Financial Aid at 937-766-7866 or 1-800-444-2433. Visit Cedarville’s financial aid website at cedarville.edu/finaid and the FAFSA website at fafsa.gov . When completing the FAFSA, the Title IV Code for Cedarville University is 003025. Page 276 2013–14 Undergraduate Academic Catalog Financial Information Financial Aid