2014-2015 Undergraduate Academic Catalog

Federal Parent PLUS Loans Federal PLUS loan funds are available for creditworthy parents to borrow on behalf of their dependent 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 up to the cost of education less any financial aid the student is receiving. The U.S. School of Education, who serves as the lender, generally deducts origination fees that are determined annually. Repayment begins within 60 days following the final disbursement of the loan. Federal Perkins Loans Federal Perkins Loans are available through the University to students who are citizens of the United States and who demonstrate exceptional financial need. Funds are awarded to Federal Pell Grant recipients first. Other applicants are awarded pending availability of funds. The Federal Perkins Loan Fund was established to help students pursue their courses of study at their chosen institutions of higher education. Students are eligible if they are: (1) a citizen of the United States, in the United States for other than a temporary purpose and intend to become a permanent resident thereof, a permanent resident of the Trust Territory of the Pacific Islands, or the Northern Mariana Islands; (2) in need of the amount of the loan to pursue a course of study at an eligible institution; (3) capable, in the opinion of the institution, of maintaining good standing in such course of study; and (4) accepted for enrollment as at least a half-time undergraduate student. Continuing students must be in good standing and enrolled as at least a half-time undergraduate. Repayment begins nine months after graduation or when a student leaves school for other reasons. One may have up to 10 years to pay back the loan, depending upon the aggregate amount borrowed. During the repayment period, the borrower will be assessed 5 percent interest on the unpaid balance of the loan principle. Student Employment Federal Work Study This federally funded program is designed to provide work opportunities for University students. Students in this program may qualify for up to 20 hours of work a week during the academic year, providing they show a demonstrated need based on their FAFSA. Actual hiring is handled by the department supervisors who will employ the students. As with campus employment, actual job placement, number of hours worked, and total dollar amount earned cannot be guaranteed by Financial Aid. Community service positions are also available in this program. Visit cedarville.edu/ studentemployment for more information. conditions which must be met, otherwise the grant is converted into a direct unsubsidized Loan. The following website provides the full details for the TEACH Grant: cedarville.edu/TEACH . United States Military Scholarships Army Scholarships Two, three, and three and one-half year scholarships are available for students who enroll in Army ROTC. These scholarships pay all tuition, fees, and textbooks, plus $250– $400 per month for 10 school months per year. For additional information, contact the professor of military science at Central State University, Wilberforce, OH 45384 (937-376-6657 or 937- 376-6279), or call Nicholas Miller, Assistant Registrar at Cedarville University, at 937-766-7710. Army National Guard Scholarships These scholarships pay up to $1,000 per school year and are available for those who qualify. Additional information pertaining to these scholarships is available from the professor of military science at Central State University, or from Nicholas Miller, Assistant Registrar at Cedarville University, at 937-766-7710. Air Force Scholarships Air Force ROTC scholarships are available, paying for the cost of tuition, fees, and textbooks, plus $150 per month for 10 school months, to students who demonstrate academic and leadership potential. Students interested in Air Force ROTC should contact the Department of Aerospace Studies, Wright State University, Dayton, OH 45435 (937-775-2730), or call Nicholas Miller, Assistant Registrar at Cedarville University, at 937-766-7710. Donor-Funded Scholarships Through the generosity of alumni, faculty, staff, and friends, more than 250 donor-funded scholarships are available to Cedarville students. These scholarships are established and funded by individuals who create a scholarship and determine award criteria. Candidates must complete the Free Application for Federal Student Aid (FAFSA) and/or a scholarship application or essay to be considered for these awards. The department of financial aid or committees from academic and University departments typically select the recipients. Review the list of donor-funded scholarships online at cedarville.edu/donorfunded . The personal connection between donors and the students they support plays a significant role in the continued funding of these scholarships. Recipients are asked to express their thanks to their donors in the following ways: • Send a timely letter of appreciation to your donors. • Attend the Honors Day luncheon in April (if applicable) . • Attend the scholarship reception and Legacy Banquet on Homecoming weekend. Federal Direct Stafford Loans Federal Subsidized and Unsubsidized Stafford Loans Federal Stafford Student Loan funds are available to dependent or independent undergraduate students. The federal government will subsidize (pay) the interest on subsidized loans while the student is in school and during a six month grace period following withdrawal or graduation. For detailed information see cedarville.edu/Loans . In addition, if a student is enrolled for less than a full academic year immediately preceding graduation, the annual loan limit may be prorated based on the number of credits remaining to complete the program of study. Specific questions relating to the federal regulations outlined above may be directed to Financial Aid. Page 282 2014–15 Undergraduate Academic Catalog Financial Information United States Military Scholarships