Tuition Remission Awarding Scenarios 2012-13

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Examples

Example #1
Benefit status: Dependent eligible for 100% tuition remission.
Need status: Not eligible for any federal or state aid.
Merit status: Academic Excellence Award of $8,500.
      Tuition $25,496
  Financial Aid
    Cedarville Academic Excellence Award $8,500  
    Tuition Remission $16,996  
    Total Financial Aid $25,496  
      Net Tuition Cost $0

Example #2
Benefit status: Dependent eligible for 100% tuition remission.
Need status: Eligible for federal and institutional need-based grants.
Merit status: Academic Excellence Award of $6,500.
      Tuition $25,496
  Financial Aid
    Federal PELL Grant $3,000  
    Cedarville Academic Excellence Award $6,500  
    Cedarville Access Grant $2,000  
    Tuition Remission $13,996  
    Total Financial Aid $25,496  
      Net Tuition Cost $0

Example #3
Benefit status: Dependent eligible for 50% tuition remission.
Need status: Eligible for federal and institutional need-based aid.
Merit status: Academic Excellence Award of $6,500.
      Tuition $25,496
  Financial Aid
    Federal PELL Grant $2,500  
    Cedarville Academic Excellence Award $6,500  
    Cedarville Access Grant $2,000  
    Tuition Remission $1,748  
    Total Financial Aid $12,748  
      Net Tuition Cost $12,748

Example #4
Benefit status: Dependent eligible for 100% tuition remission.
Need status: Not eligible for need-based grants.
Merit status: Academic Excellence Award of $8,500.
Other Aid: Church provided a $500 scholarship.
      Tuition $25,496
  Financial Aid
    Cedarville Academic Excellence Award $8,500  
    Tuition Remission $16,996  
    *Church Funded Scholarship $500  
    *Church Matching Grant $500  
    Total Financial Aid $26,496  
      Net Tuition Cost -$1,000
*Since church matching scholarships and grants are applied after tuition remission, this student's total aid exceeds tuition by $1,000. This additional aid may be applied to room and board.

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