As a student at Cedarville University, you have a variety of financial aid options. You may receive grants or scholarships, which do not need to be repaid. You or your parents may also obtain loans, which are to be repaid when you are no longer enrolled in school. Cedarville University also provides resources for you to find on-campus employment so that you can pay your expenses as you go.
A scholarship is also "non-repayable" aid and is awarded on the basis of academic achievement, athletic skills, special talents, and sometimes demonstrated financial need. Although scholarships do not require the student to fill out a FAFSA, some scholarships may require a separate application.
A grant is considered "non-repayable" aid and is typically awarded on the basis of demonstrated financial need. A grant may be funded by the government or, in some cases, by Cedarville University.
A loan is borrowed money that must be repaid. Low-interest, long-term loans are awarded on the basis of demonstrated financial need or the cost of attendance.
Employment is an important part of financial aid. More than 1,250 students work in Cedarville University departments across campus, typically for 10 to 12 hours per week. All students earn minimum wage or higher and receive biweekly checks. Some students may qualify for the Federal Work Study Program.