Parent Resource Guide

Student Services | 37 Student Services Financial Aid Last year, 100% of incoming freshmen received financial aid at Cedarville, typically a combination of merit-based and need-based university scholarships. Federal loans, on-campus employment, private education loans, and payment plans are designed to fill in the gap. Most types of financial aid awards fall within two categories: Gift aid refers to awards that do not have to be paid back, such as scholarships and grants. Self-help aid refers to awards that require something in return from the student in order to receive funds, such as loans and student employment. Loans: Must be repaid according to the terms and conditions of each loan. Employment: The student obtains a job, works their hours, and is then paid as part of student payroll for the hours worked. Their wages are deposited directly into their bank account. Timeline SEPTEMBER–DECEMBER Apply for financial aid using the FAFSA starting October 1. Create student and parent FSA IDs at studentaid.gov/fsaid . These FSA IDs will be used to sign your FAFSA. Complete the FAFSA online at fafsa.gov. Include Cedarville’s federal school code: 003025 . Access helpful tips at cedarville.edu/fafsa . JANUARY–MAY Review financial aid package. Cedarville plans to send award notifications starting in January. Submit any improved academic documents (high school transcript, ACT or SAT score) by April 30 to maximize your scholarship opportunities. Make your final decision. JUNE–AUGUST Send in your reservation deposit by June 1. Receive class schedule and first invoice. Participate in Getting Started on campus.