FINANCIAL AID
MAKE A DIFFERENCE
HAVE YOU CONSIDERED… A Corban education is an investment in your future. When you choose Corban, you’ll earn a degree from an accredited, highly-respected university that equips you to make a difference.
89% of Corban graduates earn their degree in just 4 years. You’ll save time and money compared to many state schools, and you’ll be ready to enter the job market or graduate school that much sooner.
99% of Corban students receive financial aid.
Corban is one of the few universities to offer a loan repayment assistance program. The
Corban LRAP is our way of making sure that you have the freedom to pursue your calling after graduation, wherever God leads. See page 8 for details
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THE BOTTOM LINE Remember that scholarships, grants and financial aid all contribute to making a college education affordable. Don’t get stuck on the sticker price.
Average Financial Aid
Total cost
$27,571
$41,700
(2017-18)
(2017-18)
Cost Breakdown (2017-18)
$30,980
$10,060
$660
Tuition
Room and Board*
Activity Fee**
*Including our most popular meal plan **Activity fee covers events, services, laundry, intramurals, technology, parking and security. 2
Let’s Get Started
1 APPLY FOR ADMISSION UNDERGRAD.CORBAN.EDU/APPLY
Then, follow these steps:
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Apply for Scholarships �������������������������������4
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Fill out FAFSA ������������������������������������������������8
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Receive Financial Aid Award Letter ������12
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Reserve Your Place �����������������������������������12
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Fund the Balance ���������������������������������������13
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2 APPLY FOR SCHOLARSHIPS UNDERGRAD.CORBAN.EDU/TUITION-AID
CALCULATE YOUR ACADEMIC SCHOLARSHIP! ACADEMIC SCHOLARSHIPS FOR FRESHMEN We automatically award scholarships to incoming freshmen who meet certain academic criteria. Use this calculator to determine how much your scholarship will be. Test Scores
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SAT
ACT
Points
1600
36
15
1500-1590
33-35
13
1400-1490
31-32
12
1300-1390
28-30
10
1200-1290
25-27
9
1100-1190
22-24
980-1090
19-21
+
High School GPA GPA
Points
4.0
15
3.9 - 3.99
13
3.8 - 3.89
12
3.7 - 3.79
11
3.6 - 3.69
10
7
3.5 - 3.59
9
6
3.4 - 3.49
8
3.3 - 3.39
7
3.2 - 3.29
6
3.0 - 3.19
5
Add your test points to your GPA points. Then use this chart to find your annually-renewable academic scholarship!
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Scholarships Awarded Point Range
Scholarship
Amount
FOUR-YEAR TOTAL
26 - 30
Presidential
$17,000
$68,000
21 - 25
Chancellor’s
$16,000
$64,000
14 - 20
Dean’s
$14,000
$56,000
Director’s
$10,000
$40,000
Below 14
(But at least a 3.5 GPA)
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INTEREST-SPECIFIC SCHOLARSHIPS FOR FRESHMEN Scholarship
Amount
Eligibility & Features
How to Apply
McLaran (Political Science Majors)
$16,000 $18,000
New freshmen enrolled as political science majors with 3.6 GPA, 1170 SAT or 24 ACT, and 21 or higher academic score. Replaces all other academic scholarships. Renewable for four years with a 3.0 GPA.
Apply online Priority deadline: Nov. 1, 2017 Final deadline: Aug. 1, 2018
Debate (All majors)
$16,000 $18,000
New freshmen with at least 1 year high school debate or speech experience, 3.6 GPA and 1170 SAT or 24 ACT. Replaces all other academic scholarships. Renewable for four years with a 3.0 GPA.
Register for and participate in Corban’s Annual Debate Scholarship Competition.
$16,000 $18,000
New freshmen enrolled as health science majors with 3.85 GPA and 1300 SAT or 28 ACT. Replaces all other academic scholarships. Renewable for four years with a 3.0 GPA.
Apply online Priority deadline: Nov. 1, 2017 Final deadline: Feb. 1, 2018
Varies
New freshmen enrolled as business majors with a 3.5 GPA and demonstrated financial need. Renewable.
Apply online Priority deadline: Nov. 1, 2017 Final deadline: Feb. 1, 2018
$1,250
New freshmen enrolled as business majors with a 3.5 GPA and demonstrated financial need. Renewable.
Apply online Priority deadline: Nov. 1, 2017 Final deadline: Feb. 1, 2018
$1,500
New freshmen enrolled as education majors. Bilingual with demonstrated financial need. Preference given to Spanish-speaking high school graduates from the Salem area.
Apply online Priority deadline: Nov. 1, 2017 Final deadline: Feb. 1, 2018
Dessieux (Health Science Majors)
Hoff Memorial (Business Majors)
Sherman Memorial (Business Majors) Bilingual Educator Award (Education Majors)
SCHOLARSHIPS FOR TRANSFERS Scholarship Scholastic Award
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Amount $11,500 (3.3+ GPA) $7,500 (3.0-3.29 GPA)
Eligibility & Features
How to Apply
New transfer students. Renewable.
Automatically awarded
Chemeketa Scholars
$4,000
Transfers from Chemeketa Community College Scholars Program with at least 31 semester transferrable credits and a 3.25 GPA. Renewable.
Provide verification of Chemeketa Scholar Status
Phi Theta Kappa
$1,000
Transfer students who are members of Phi Theta Kappa Honor Society.
Provide proof of membership by June 1, 2018
MORE SCHOLARSHIPS FOR ALL NEW STUDENTS Scholarship
Amount
Eligibility & Features
How to Apply
Athletic
Varies
Athletes selected by Corban coaches. Replaces all other Corban aid.
Contact coach in sport
Music
Varies, up to $7,000
Music majors and participants selected by the Music Department.
Contact Music Dept. Priority given before March 1, 2018
National Merit
$6,000
National Merit Finalists. Renewable.
Provide verification of standing
$5,000
Students who demonstrate leadership qualities through church, work, community service, and/or extracurricular activities. Renewable. Limited number available.
Ask your admissions counselor for application Priority deadline: Nov. 1, 2017 Final deadline: Feb. 1, 2018
Students who serve in church, school, and their community. Renewable.
Apply online or by mail Priority deadline: Nov. 1, 2017 Final deadline: Feb. 1, 2018
Doug West Leadership
Herb Anderson Achievement Award
$500 - $1,000
VISIT CORBAN Scholarship Visit Scholarship
Travel Grant
Amount
Eligibility & Features
How to Apply
$500
New students who visit the campus on a qualified visit as high school Schedule a qualified juniors, seniors or transfers. Renewable. visit at undergrad. One-time (non-renewable) scholarship corban.edu/visit available for sophomores who make a qualified visit.
Up to $500
One-time reimbursement up to $500 of the cost of airfare for high school juniors, seniors or transfers making a qualified visit from outside Oregon or Washington. Applied to student’s account after enrolling at Corban.
Submit copy of airfare receipt by June 1, 2018
For outside scholarships, consider these options:
Local High school counselors, community organizations, Chamber of Commerce
National fastweb.com
State
getcollegefunds.org (Oregon)
Private
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3 FILL OUT FAFSA Free Application for Federal Student Aid
Complete the FAFSA for 2018-2019 after October 1, 2017. You’ll use 2016 tax information. We recommend applying for financial aid even if you don’t think you’ll qualify. Corban also uses the FAFSA to award Corban grants.
FAFSA.GOV
CORBAN’S FAFSA CODE:
001339
GRANTS Grant Federal Pell
Up to $5,920
How to Apply
Based on need from FAFSA.
Submit FAFSA
$100-$4,000
Based on need from FAFSA. First come, first served. Limited fund.
Submit FAFSA
TEACH
Up to $4,000
Education majors with a 3.25 GPA (high school or college). Must meet post-graduation requirements or it reverts to an Unsubsidized Direct Loan.
Submit FAFSA Visit teachgrant. ed.gov for more information
Corban
$100-$10,000
Based on need from FAFSA. Priority given to those who submit the FAFSA early.
Submit FAFSA as soon as possible after October 1, 2017
$500
All students with at least one parent who graduated from Corban/Western Baptist.
Automatically awarded when you notify Financial Aid
Federal Supplemental Educational Opportunity Grant (FSEOG)
Alumni
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Annual Amt. Eligibility & Features (for 2017-18)
Grant
Annual Amt. Eligibility & Features
Sibling
$750 per sibling
For dependent students with a dependent sibling attending Corban.
Automatically awarded when you notify Financial Aid
Church Matching
Up to $500 per semester
Corban will match up to $1,000 provided by your church annually. New application required each year.
Submit application by August 15, 2018
Christian Worker Dependent Need
$1,000
Dependent students with a parent, who is the primary earner, working in full-time Christian service. Must show exceptional financial need based on FAFSA. Renewable.
Submit FAFSA Provide documentation verifying parent employment
Corban Military
$500
U.S. military veteran or dependent of a veteran. Renewable.
Submit FAFSA and a copy of Military DD214
Oregon residents. Based on need from FAFSA.
Submit FAFSA as soon as possible after October 1, 2017
New students. Corban will match Oregon Opportunity Grants.
Submit FAFSA
Oregon Opportunity
$2,250
Corban OOG Match
$2,250
(for 2017-18)
(for 2017-18)
How to Apply
Corban Washington State Need
$2,000
New students who qualify for the Washington State Need Grant (SNG).
Submit FAFSA by June 1, 2018
Corban Cal
$5,000
New students who qualify for Cal Grant Type A.
Submit FAFSA by March 2, 2018
WORK STUDY Corban has a variety of jobs available on campus for students. We will notify you in your award letter if you are eligible for Federal Work Study (based on need from FAFSA) or you may contact Financial Aid. 9
LOANS Loan
Annual Amt.
Eligibility & Features
How to Apply
Federal Subsidized Direct Loan
Up to $3,500 (Fr.) $4,500 (So.) $5,500 (Jr. & Sr.)
Based on need from FAFSA. Payments start six months from last date of enrollment. Interest is subsidized by the government while in school. Small loan fee.
Submit FAFSA
Federal Unsubsidized Direct Loan
Up to $5,500 (Fr.) $6,500 (So.) $7,500 (Jr. & Sr.) in combined Subsidized and Unsubsidized Direct Loans
Available for all qualified FAFSA applicants. Not need based. Payments start six months after last date of enrollment. Interest begins after the first disbursement. Small loan fee. Additional amounts available for independent students and dependent students whose parents are denied a PLUS loan.
Submit FAFSA
Federal Parent Plus Loan for Undergraduate Students
Up to the cost of attendance, minus financial aid
All dependent students. Not need based. Parents borrow on behalf of students. Interest begins after the first disbursement. Loan fees apply.
Submit FAFSA and apply at studentloans.gov
Private Alternative Loans
Up to the cost of attendance, minus financial aid
Not need based. Student loans made through a lending institution. Normally requires a cosigner. Loan features, interest rates and payment terms vary by applicant.
Search for lenders online at elmselect.com
Subsidized loans: No interest while you’re in school. Unsubsidized loans: Interest starts as soon as you borrow. For information on current federal loan interest rates, visit STUDENTAID.GOV.
We won’t let student loans keep you from using your education to make a difference. The Corban LRAP can help! 10
THE CORBAN LOAN REPAYMENT ASSISTANCE PROGRAM A college education is one of the smartest investments you’ll ever make in yourself. At Corban, you’ll be equipped to make a difference. And we want you to have the freedom to pursue your chosen career after graduation…without worry over excessive student loan debt. The Corban LRAP can help you pay back your student loans! Here’s how it works:
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Graduate from Corban University.
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Find a job (or multiple part-time jobs) working at least 30 hours a week.
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If you make less than $40k a year, the Corban LRAP can reimburse part or all of your student loan payments. (The amount of reimbursement assistance varies based on your income and average hours worked per week.)
Corban is the only school on the West Coast to offer a program like this to incoming freshmen and transfer students. All new students* are automatically enrolled free of charge! *Some exclusions apply.
The Corban LRAP covers the following student loan types: Federal
Private
Parent PLUS
Other conditions apply. See terms and conditions for full details.
For more information, contact us or visit:
GO.CORBAN.EDU/LRAP
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4 FINANCIAL AID AWARD LETTER Receive your Financial Aid Award letter after December 1, once you have been admitted to Corban and filed your FAFSA. After you receive your award letter, you can view your award information, complete any needed forms, and accept pending financial aid offers at AID.CORBAN.EDU.
5 RESERVE YOUR PLACE Secure your place at Corban by paying your deposits by May 1:
$200
$100
Tuition Deposit
Housing Deposit
GO.CORBAN.EDU/DEPOSIT Or by mail:
5000 Deer Park Drive SE Salem, OR 97317 Deposits are refundable until May 1. 12
6 FUNDING THE BALANCE Saving during high school, summer jobs, a part-time job during college, and gifts from family are all ways that help Corban students fund their remaining balance after financial aid. We can also work with you to create a customized payment plan. Options include:
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2
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Pay in Full: Pay early and be done! When paying in full,
tuition and fees not covered by scholarships, grants and loans are due prior to the start of each semester.
Monthly Payments: Plans can begin as early as
May to allow for a full 12 months of payments. They can also be combined with a partial down payment or loan. Contact Financial Services at 800-845-3005 x7030 or financialservices@corban.edu to arrange a payment plan.
Additional Loans: If payments are not an option for you,
or you need a partial loan to make your payments affordable, there are resources for you. Contact Financial Aid at 800-8453005 x7006 or financialaid@corban.edu for more information. 13
MAKE A DIFFERENCE We believe in our mission at Corban:
“to educate Christians who will make a difference in the world for Jesus Christ.� It is our privilege to equip you with the education and biblical foundation to make a difference through your career. We are here to help you through the financial aid process and make your dream of attending Corban a reality. Please contact us anytime! (800) 845-3005 financialaid@corban.edu admissions@corban.edu undergrad.corban.edu/tuition-aid