Cost and Financial Aid
The seven-year pharmacy curriculum involves two segments, prepharmacy (three years undergraduate) and advanced professional (four years). Consequently, students pay tuition rates based upon their level in the program.
Students enrolled in the Prepharmacy program pay "undergraduate block tuition," i.e., an amount allowing them to take between 12 and 17 credits. Prepharmacy courses (those with a PPHR designator) may be taken as a part of this block and are covered by the undergraduate block tuition charge. More information is available on our Undergraduate Financial Aid page.
Federal aid includes grants, loans and student employment programs funded by the federal government. Each program has eligibility criteria; however, a student must meet Satisfactory Academic Progress criteria to receive any federal aid.
The links below provide specific information on the primary federal aid programs available to qualified Cedarville students.
|More Info||Federal Pell Grants|
|More Info||Supplemental Educational Opportunity Grants (SEOG)|
|More Info||Federal Work Study|
|More Info||Federal Loans|
State aid includes grant and loan programs funded by state governments. This site includes an overview of the programs that are available to qualified Cedarville students from their home state.
|More Info||Ohio Programs|
|More Info||Delaware Programs|
|More Info||Maryland Programs|
|More Info||Pennsylvania Programs|
|More Info||Rhode Island Programs|
|More Info||Vermont Programs|
The Graduate PLUS Loan is an option available to graduate or professional students to help pay their education expenses. The annual limit on a Graduate PLUS Loan is equal to the cost of attendance minus any other financial aid the student receives. For example, if the cost of attendance is $40,000 and the student receives $20,500 in other financial aid, the student can request up to $19,500.
Note 1: In addition to the FAFSA and eAward, the graduate/professional student must also complete steps 3-6 below when applying for a Graduate PLUS loan.
Note 2: Steps 1, 2, 3 and 6 must be completed every year, while steps 4 and 5 are a one time requirement (unless the graduate student is required to obtain an 'Endorser' for their Grad PLUS loan).
The student must complete the Free Application for Federal Student Aid (FAFSA) to determine eligibility.
To record your 'loan decision' (either 'Accept' or 'Reject'), login to MyFinancialAid and select "View your eAward."
- Review the direct loans which are part of your financial aid package and record your decision.
- Record you loan decision(s), scroll to the bottom, and click 'continue;'
- Review the 'Information Statements,' scroll to the bottom, indicate your 'Agreement' with the terms and conditions; and
- Click the 'Confirm eAward' button).
- This is the point when your decisions are recorded and will be reported to the financial aid office the following day for processing (allow 2-3 business days for your loan decisions to be processed; at that time you will be able to see the changes on your eAward).
Make sure you complete the entire process:
Questions: See FAQ for more information.
Beginning April 1st for the upcoming academic year, the student borrower is required to login at www.studentloans.gov using their student FSA ID to Apply for a Direct PLUS Loan each time they decide to borrow. Once logged in, select 'Apply for a Direct PLUS Loan,' then select the 'Direct PLUS Loan Application for Graduate/Professional Students.'
- Applying for a PLUS Loan triggers a basic credit check
- Once the PLUS Loan application is submitted the student borrower will immediately receive a credit decision of either 'Accepted' or 'Declined.'
Note: A credit decision is good for 180 days; therefore, Steps 4, 5 and 6 below should also be completed about the same time as the loan application. This will allow the loan to be originated before the 'Accepted' credit decision expires.
If the student receives an 'Accepted' credit decision when completing step 3, they must then complete the Graduate PLUS Master Promissory Note, which is also located on the Department of Education’s website.
Note: A Graduate PLUS Master Promissory Note will be good for 10 years once successfully completed. This Graduate PLUS MPN is separate and distinct from the MPN completed for the Graduate Unsubsidized Direct Loan.
All first-time borrowers at the graduate/professional level must complete Graduate Entrance Counseling.
- Graduate/Professional students must complete Graduate Entrance Counseling as a "Graduate or Professional Student at www.studentloans.gov (Entrance Counseling completed as an undergraduate does not meet this requirement).
- Graduate Entrance Counseling completed for the Graduate Unsubsidized Direct Loan meets this requirement also.
- Students who completed Graduate Entrance Counseling for a direct loan in a prior year have met this federal requirement.
- Transfer graduate/professional students who received graduate direct loan funds at another college should notify the financial aid office. This requirement is considered met as long as Cedarville is able to confirm the prior Graduate Entrance Counseling.
Completed online at Cedarville's webpage, the graduate/professional student must also complete the Graduate PLUS Authorization Form to specify the details (the loan amount and term) of their Graduate PLUS loan.
Federal Direct Stafford loans are fixed-rate, low interest loans available to undergraduate students attending Cedarville at least half-time. These loans are the most common source of college loan funding.
- Direct Stafford Loans have annual loan limits based on a student's class status:
Freshmen $5,500 (up to $3,500 may be subsidized)
Sophomores $6,500 (up to $4,500 may be subsidized)
Juniors $7,500 (up to $5,500 may be subsidized)
Seniors $7,500 (up to $5,500 may be subsidized)
- Stafford Loan Interest Rate Table
Federal Direct Subsidized Stafford Loan: The federal government pays the interest on this loan while the student is enrolled at least half-time. The student must have financial need to qualify for this type of loan. There is no penalty for early repayment of this loan.
Federal Direct Unsubsidized Stafford Loan: The student will be charged interest on this loan from the time the loan is disbursed until it is paid in full. The student may pay the interest while enrolled in school. Any unpaid interest will be capitalized (added to the loan principal amount) at the time repayment begins. There is no penalty for early repayment of this loan.
- A student cannot receive a Direct Stafford Loan unless they complete the FAFSA process.
Accept the Direct Stafford Loan(s) at MyFinancialAid.
- Most students have the option of obtaining at least two Direct Stafford Loans; in some cases a student could have as many as three or even four different Direct Stafford Loans.
- Carefully review the Direct Stafford Loans which you are eligible to receive and accept or reject each Direct Stafford Loan on at MyFinancialAid.
Note: Decisions on whether to 'Accept' or 'Reject' a loan(s) is not a one-time, final decision. Perhaps the initial decision is that a particular loan is not needed as part of the payment plan, so it is 'Rejected' on the eAward. However, later in the academic year the student realizes that they do need that loan. The student can go back to their eAward and change the decision from 'Reject' to 'Accept' and the loan will disburse to their student account (as long as Entrance Counseling and Student Master Promissory Note are also completed).
All first-time borrowers must complete Entrance Counseling to obtain a Direct Stafford Loan.
- Students who completed Entrance Counseling for a Direct Stafford Loan in a prior year do not need to redo Entrance Counseling. This is a one-time requirement.
- Transfer students who received Direct Stafford Loan funds at another college should notify the financial aid office. Transfer students do not need to redo Entrance Counseling as long as Cedarville can confirm their prior Entrance Counseling at COD's website.
All first-time borrowers must complete a student Master Promissory Note to obtain a Direct Stafford Loan.
- Students who completed a Master Promissory Note and received Federal Direct Stafford Loan funds in a prior year do not need to complete another Master Promissory Note.
- Transfer students who received Direct Stafford Loan funds at another college should notify the financial aid office. Transfer students with a valid MPN do not need to complete another MPN to process their student loans at Cedarville.
Alternative loans are credit-based private loans (not part of the federal government loan program) that are obtained through a lending institution. The amount a student may borrow through an alternative loan is up to the full cost of attendance minus other aid. Cedarville University will process alternative loans from any lender you choose.
Select a lender and complete their online application.
2 Lender will Contact School
After your online application is processed, the lender will contact Cedarville for certification.
3 Loan Funds Disbursed
Loan funds will be disbursed upon loan approval.
The Federal Perkins Loan is awarded to students who demonstrate the highest financial need. The Perkins Loan is subsidized meaning it is interest free while the student is enrolled at least half-time. Interest does not start to accrue until after the grace period (nine months). The standard Perkins Loan awarded amount is $1,500 per year and the interest rate is currently fixed at 5 percent.
Accept your Perkins Loan at MyFinancialAid.
- Once you accept your Perkins Loan, the status will be updated to "Pending" until you complete Step 3 below.
3 Complete Paperwork
Follow the instructions on your eAward account and complete no later than August 1.
- Students who do not sign their Perkins Master Promissory Note by August 1 will lose their opportunity to obtain the Perkins Loan for the duration of the academic year.
Plan to pay your balance by the due date listed on your online invoice.
Students may pay their University bills using cash, money orders, personal checks, certified checks, or on Visa, Mastercard, and Discover credit/debit cards with a 2.5 percent convenience fee. Payments can be made online using our EZ-Pay system, in person at the Cashiers Office, or by calling 937-766-7830.
For payment by mail, make checks payable to Cedarville University. Include your student ID number on your check to insure proper credit to your account. For your own protection, please do not mail cash. Send payments by mail to:
ATTN: Cashiers Office
251 N Main St.
Cedarville, OH 45314
Prepharmacy students are eligible for the scholarships available to all undergraduate students. These scholarships may be used for the first four years of the seven year curriculum, i.e., prepharmacy plus the first professional year. Please consult financial aid opportunities described at the Cedarville University Financial Aid website.
Professional-level pharmacy students typically rely upon three sources of financial aid for their professional education: scholarships, loans, and employment. Watch for additional information describing these options in the future.
Both undergraduate Prepharmacy students and professional Pharmacy students can view their individual financial aid packages at cedarville.edu/myfinancialaid.