Greenville College Affordability Guide

Greenville College Affordability Guide 2014-2015

ATTENDING COLLEGE will have a considerable impact on you – emotionally, professionally and financially. When you choose Greenville College, you can be assured that you have selected one of the finest values in Christian higher education.

At this stage of your college search process we urge you to consider the final cost of education after financial aid has been awarded. Here at Greenville, 96 percent of our students receive financial aid in the form of grants, scholarships, loans and work-study. Once financial aid has been factored in, you’ll find the final cost to be within your reach.

COSTS 2014-2015 Tuition* $24,140 Housing $3,892 Meal Plan

$4,152

Fees $220 TOTAL $32,404 *Book rental is included in tuition

Last year, Greenville College students received an average

financial aid package of

$21,635

OUR FINANCIAL AID OFFICE wants to partner with you to successfully find the resources necessary to finance your education.

STEP 1 APPLY You must be admitted into the college before you can be awarded financial aid.

STEP 2 FILE YOUR FAFSA Complete your FAFSA as soon as possible between January 1 and March 1. Have your information sent directly to Greenville College by using college code 001684.

STEP 3 INVESTIGATE There are many alternative options for financial help. Local companies and organizations often offer scholarships to students from the community or children of employees. Check out www.finaid.org, www.fastweb.com and the Greenville College Financial Aid web page for additional resources.

That’s it – the financial aid office will notify you once your award letter has been prepared and is ready for you to view.

GC MERIT SCHOLARSHIPS & AWARDS PROGRAM

WHO IS ELIGIBLE?

HOW MUCH?

HOW TO APPLY?

Boyer Scholarship

First-time freshman National Merit semifinalist or finalist

Three-fourths of tuition per year

Confirm eligibility with the Admissions office.

McAllaster Honors Scholarship

First-time freshman who have been accepted into the McAllaster Honors program.

This scholarship will replace other merit scholarships for which the student qualifies.

$15,000 per year

Complete the McAllaster Honors Scholarship application. This scholarship is limited to 30 students a year.

Trustee’s Scholarship

First-time freshmen based on a combination of cumulative GPA and ACT or SAT score. Trustee’s Scholarship recipients typically have a 4.0 GPA and a 28 ACT (1260 SAT) or a 3.5 GPA and a 33 ACT (1460 SAT). Confirm your eligibility at greenville.edu/scholarship_calculator.

$13,000 per year

Submit official high school transcripts and test scores with your admission application.

President’s Scholarship

First-time freshmen based on a combination of cumulative GPA and ACT or SAT score. President’s Scholarship recipients typically have a 4.0 GPA and 25 ACT (1150 SAT), 3.5 GPA and 28 ACT (1260 SAT) or 3.0 GPA and 33 ACT (1460 SAT). Confirm your eligibility at greenville.edu/scholarship_calculator.

$11,000 per year

Submit official high school transcripts and test scores with your admission application.

Dean’s Scholarship

First-time freshmen based on a combination of cumulative GPA and ACT or SAT score. Dean’s Scholarship recipients typically have a 4.0 GPA and 21 ACT (990 SAT), 3.5 GPA and 23 ACT (1070 SAT) or 3.0 GPA and 26 ACT (1190 SAT). Confirm your eligibility at greenville.edu/scholarship_calculator.

$10,000 per year

Submit official high school transcripts and test scores with your admission application.

Recognition Award

First-time freshmen based on a combination of cumulative GPA and ACT or SAT score. Recognition Award recipients typically have a 3.0 GPA and 19 ACT (910 SAT) or 2.5 GPA and 24 ACT (1110 SAT). Confirm your eligibility at greenville.edu/scholarship_calculator.

$1,000 - $4,000 per year

Submit official high school transcripts and test scores with your admission application.

Transfer Scholar

Transfer students with a college cumulative GPA of 3.75 to 4.0 / 4.0.

$9,500 per year

Submit official college transcripts to the Admissions Office.

Transfer Merit Scholarship

Transfer students with a college cumulative GPA of 3.5 to 3.74 / 4.0.

$9,000 per year

Submit official college transcripts to the Admissions Office.

Transfer Honor Scholarship

Transfer students with a college cumulative GPA of 3.0 to 3.49 / 4.0.

$8,500 per year

Submit official college transcripts to the Admissions Office.

Transfer Achievement Award

Transfer students with a college cumulative GPA of 2.50 to 2.99 / 4.0.

$3,500 per year

Submit official college transcripts to the Admissions Office.

GC NEED SCHOLARSHIPS & AWARDS PROGRAM

WHO IS ELIGIBLE?

HOW MUCH?

HOW TO APPLY?

Greenville College Award

Full-Time students who are U.S. citizens and demonstrate financial need through submitting the FAFSA.

Amounts vary based on demonstrated financial need.

File the FAFSA as soon as possible after January 1.

Greenville College Endowed Scholarships

Awarded to students with financial need after other sources of aid have been applied.

Up to $4,000 per year

File the FAFSA as soon as possible after January 1.

Christian Service Dependent Award

Dependents of ministers or missionaries who are full-time employees of the church and whose primary income is derived from the church.

$1,000 per year

File the FAFSA as soon as possible after January 1 and confirm your eligibility with the Admissions Office and the Financial Aid Office.

International Student Award

International students who show financial need.

Up to $4,000 per year

Complete the Declaration of Finances Form available from the Office of Admissions.

GC LEGACY AWARD PROGRAM

WHO IS ELIGIBLE?

HOW MUCH?

HOW TO APPLY?

Legacy Award

Dependents of Greenville College Alumni, members or active participants in Free Methodist church programs, or siblings of currently enrolled dependent siblings at Greenville College.

$500 per year; renewed annually by maintaining a 2.0 GPA.

Confirm eligibility with the Admissions Office.

GC DEPARTMENTAL SCHOLARSHIPS & AWARDS PROGRAM

WHO IS ELIGIBLE?

HOW MUCH?

HOW TO APPLY?

Art Scholarship

Students majoring in Art.

Up to $1,500 per year.

Both portfolio evaluation and need are taken into consideration.

Must submit art portfolio to Art Department

by February 15 for consideration. Contact Art Department for details.

Science Society Scholarship

Students majoring in Biology, Chemistry, Mathematics, Physics or Preengineering. This scholarship replaces the students existing Dean’s, President’s, Trustee’s, Transfer Honor, Transfer Merit, Transfer Scholar scholarships.

$9,500-$14,000 per year

Science Scholarship Essay must be received by February 15. For essay details, contact Admissions Office or visit greenville.edu/financialaid.

Music Society Scholarship

Students majoring in Music, Audio Engineering, Commercial Music, Worship Arts, or Music Education. This scholarship replaces the students existing Recognition, Dean’s, President’s, Trustee’s, Transfer Honor, Transfer Merit, Transfer Scholar scholarships.

$2,000-$14,000 per year

Based on in-person or videotaped audition.

Audition must be conducted by February 20. Visit greenville.edu/financialaid for audition information.

Music Ensemble Award

Students who participate in an approved Ensemble for credit and are not eligible for the Music Major Scholarship.

$500 per year

Based on in-person or videotaped audition.

Audition must be received by February 20. Visit greenville.edu/financialaid for audition information.

Marching and Pep Band Award

Students participating in Marching and Pep Band. This scholarship replaces the students existing Recognition, Dean’s, President’s, Trustee’s, Transfer Honor, Transfer Merit, or Transfer Scholar scholarship.

$1,500-$13,500 per year

Based on in-person or videotaped audition.

Audition must be conducted by February 20. Visit greenville.edu/financialaid for audition information.

FEDERAL AID – MATCH PROGRAM

WHO IS ELIGIBLE?

HOW MUCH?

HOW TO APPLY?

Church Partnership Award Program

Any full-time undergraduate student with support of local congregation.

Greenville College will match a minimum of $250 and up to $1,000 of scholarship funds provided by church.

Submit completed Church Partnership application form (approved by local church) to Greenville College by March 1. After March 1, Greenville College portion of the scholarship will depend on availability of funding.

FEDERAL AID – GRANTS PROGRAM

WHO IS ELIGIBLE?

HOW MUCH?

HOW TO APPLY?

Federal Pell Grant

Students with financial need and making satisfactory progress.

Up to $5,730 per year. Must apply annually.

File the FAFSA as soon as possible after January 1.

SEOG (Federal Supplemental Educational Opportunity Grant)

Full-time, PELL-eligible students with extreme financial need.

Up to $2,000 per year. Must apply annually.

File the FAFSA as soon as possible after January 1.

FEDERAL AID – LOANS PROGRAM

WHO IS ELIGIBLE?

HOW MUCH?

HOW TO APPLY?

Direct Subsidized/ Unsubsidized (dependent student)

Subsidized – need Unsubsidized – non-need

$5,500 year one; $6,500 year two; $7,500 each year after; $31,000 max undergraduate

File the FAFSA as soon as possible after January 1.

Direct Subsidized/ Unsubsidized (independent student)

Subsidized – need Unsubsidized – non-need

$9,500 year one; $10,500 year two; $12,500 each year after; $57,500 max undergraduate

File the FAFSA as soon as possible after January 1

Federal PLUS Loan for Parents

Parents of dependent undergraduate students.

Full cost of attendance less other financial aid

File the FAFSA as soon as possible after January 1.

Federal Perkins Loan

Need-based; Limited funds available.

Up to $4,000. Must apply annually.

File the FAFSA as soon as possible after January 1.

STATE AID PROGRAM

WHO IS ELIGIBLE?

HOW MUCH?

HOW TO APPLY?

ISAC MAP Grant

Residents of Illinois with EFC up to $8,999 and meets state FAFSA suspension date.

Up to $4,720 per year based on need. If student is enrolled in less than 15 credit hours per semester, then award amount is prorated. Must apply annually.

File the FAFSA between January 1 and March 1.

See www.collegeillinois.org for details.

$21,635 AVERAGE FINANCIAL AID PACKAGE The cost of a private Christian education may be more affordable than you think. Greenville College offers financial assistance in the form of merit awards and need-based awards. We also work with students to accept federal and state grants, low-interest loans, and work study opportunities.

LESS DEBT GC graduates had an average debt of $23,976 compared to the Illinois average debt amount of $28,028 and the national average of $29,400 for 2012 grads (projectonstudentdebt.org). That means Greenville College students have about 15% less debt than their counterparts. $180 - $275/MONTH LOAN REPAYMENT Based on GC’s average student loan debt, monthly payments range from $180 to $275 after graduation depending on the loan term (finaid.org/calculators/loanpayments.phtml).

2013-14 AVERAGE OUT-OF-POCKET COSTS Household Income up to $30,000 $30,001 to $60,000 $60,001 to $90,000 $90,001 to $120,000 $120,000+

Percentage of Students

Average Out-of pocket cost

22% 18% 22% 15% 16%

$4,091 $5,371 $8,954 $11,563 $17,042

FINANCIAL RESOURCES Greenville College is committed to student success, which is why we have partnered with SALT, a non-profit organization dedicated to providing financial guidance to students while they are in school, and after they graduate. This free resource helps you manage student loans, offers advice for negotiating your salary after graduation, and even offers an app for finding food on a budget. Visit saltmoney.org.

HOW TO PAY You must have a payment plan approved by the Student Accounts Office before you are allowed to complete registration.

Payment options are listed below.

1. Cash Payment All semester charges, less approved financial aid, are due before you can officially complete registration. Make check or money order payable to Greenville College. Payments may be made with a MasterCard, Discover, or American Express credit card. (Each semester’s bill is due approximately two weeks prior to the first day of classes.)

2. Monthly Payment Plan A monthly payment plan is available for students/parents wishing to pay accounts over a 8-12 month period. Specific details about the program will be mailed in the spring. Contact the Student Account Office for more information.

Tuition Management Systems: 800-722-4867

| afford.com

3. Federal Parent PLUS Loans or Alternative Loans Many families take additional loans to pay any balance left on the student’s bill. Information is available on this brochure about your loan options.

ADDITIONAL CONSIDERATIONS: • Summer income and graduation gifts earned by the student • Parent Veterans Benefits • Family savings for college • Federal work-study to cover student’s personal needs • Off-campus employment to cover personal expenses • Alternative loans in the student’s name

HOW NEED IS DETERMINED Through the Free Application for Federal Student Aid (FAFSA), the federal government determines a minimum amount the family is expected to contribute to the student’s educational expenses (EFC = Expected Family Contribution) based upon student and family resources. Regardless of the school the student chooses to attend, the EFC remains constant.

The student’s need varies depending upon the cost of the school attended.

For example, Sam is considering 3 different colleges, each having a different cost of attendance. Since his EFC was determined to be $1,896, his “financial need” varies with each institution. Each institution will put together a financial aid package and try to meet as much of Sam’s financial need as possible. $38,265

$36,369

$30,496

$28,600

$13,757

$11,861 $1,896

Cost of Attendance (Variable)

EFC

Expected Family Contribution (Constant)

Need

(Variable)

Financial Aid Office 315 E. College Avenue Greenville, IL 62246

Don’t forget

File your FAFSA by March 1 to be considered for financial aid. Greenville College code is 001684.

Questions? Web greenville.edu/financialaid

Email financialaid@greenville.edu

Phone (618) 664-7108