STUDENT FINANCIAL AID SERVICES STUDENT FINANCIAL AID SERVICES

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STUDENT FINANCIAL AID SERVICES

STUDENT FINANCIAL AID SERVICES

STUDENT FINANCIAL AID SERVICES Theresa Lowder – Director Chris Thomas – Financial Aid Specialist

STUDENT FINANCIAL AID SERVICES Theresa Lowder – Director Chris Thomas – Financial Aid Specialist Stephany Blaney – Coordinator Technology and Comm. Candis Tingle – Financial Aid Specialist Erin Connor – Financial Aid Specialist Shelley Park – Family Engagement Counselor

TUITION The expense of Berea College on behalf of the student (salaries, buildings, grounds,

TUITION The expense of Berea College on behalf of the student (salaries, buildings, grounds, etc. )

Berea’s Tuition Promise How do we guarantee? Federal grants, State grants, non-Berea Scholarships and

Berea’s Tuition Promise How do we guarantee? Federal grants, State grants, non-Berea Scholarships and grants, and Berea College grants

DIRECT EXPENSE The expense of the student for housing, meals, mandatory fees, books/supplies, personal,

DIRECT EXPENSE The expense of the student for housing, meals, mandatory fees, books/supplies, personal, and transportation.

TERM BILL The expense of the student for housing, meals, and mandatory fees. For

TERM BILL The expense of the student for housing, meals, and mandatory fees. For first-year students, the bill is equal to EFC.

By Federal Regulations, scholarships and/or grants CANNOT replace EFC or Labor Earnings.

By Federal Regulations, scholarships and/or grants CANNOT replace EFC or Labor Earnings.

Term bills are due at the beginning of each term. If needed, a student

Term bills are due at the beginning of each term. If needed, a student may be able to have a Parent Payment Plan, a loan, or may prefer to have a payroll deduction.

STUDENT ACCOUNT The student’s account with Berea College - contains term bill expenses, financial

STUDENT ACCOUNT The student’s account with Berea College - contains term bill expenses, financial aid, parking tickets, library fines, course fees, etc.

If approved for a deferred plan, accounts are due in full by November 1

If approved for a deferred plan, accounts are due in full by November 1 for Fall or April 1 for Spring Term. Students cannot register for classes for the next term until account is paid.

FINANCIAL AID Grants and scholarships (no repayment) Labor Program earnings (self-help) Loans (repayment –

FINANCIAL AID Grants and scholarships (no repayment) Labor Program earnings (self-help) Loans (repayment – deferred work)

Student Labor Program Students are assigned to jobs the first year here; after that

Student Labor Program Students are assigned to jobs the first year here; after that they will be free to find their own job on campus.

 • 10 hours per week is required • Considered scholarship, so no tax

• 10 hours per week is required • Considered scholarship, so no tax withholding (unless needed as an international student) • Paid about once a month

 NON-BEREA SCHOLARSHIPS AND GRANTS May receive up to $1000 for books, supplies, and

NON-BEREA SCHOLARSHIPS AND GRANTS May receive up to $1000 for books, supplies, and personal expenses; remainder goes to tuition. This amount is reviewed each year.

 NON-BEREA SCHOLARSHIPS AND GRANTS In the future, if part of non-Berea money goes

NON-BEREA SCHOLARSHIPS AND GRANTS In the future, if part of non-Berea money goes toward tuition, we will give College grants for • up to $2000 for faculty-led course travel • up to $2000 for medical, dental, or optical

 NON-BEREA SCHOLARSHIPS AND GRANTS CANNOT REPLACE EFC

NON-BEREA SCHOLARSHIPS AND GRANTS CANNOT REPLACE EFC

SUMMER SAVINGS Students are expected to contribute to their own educational expense. Upper class

SUMMER SAVINGS Students are expected to contribute to their own educational expense. Upper class students are expected to have $1, 000 saved from the summer to help with their academic year expenses.

 STUDENT INSURANCE We offer a non-ACA compliant insurance coverage for those students that:

STUDENT INSURANCE We offer a non-ACA compliant insurance coverage for those students that: • are institutionally funded or • no coverage in Kentucky

 STUDENT INSURANCE Grants are provided to cover the insurance premium if you have

STUDENT INSURANCE Grants are provided to cover the insurance premium if you have an EFC equal to a Pell EFC.

ELECTRONIC CONSENT In folder, EC form. This will let us communicate with you by

ELECTRONIC CONSENT In folder, EC form. This will let us communicate with you by email, or other electronic method; quicker notifications.

 REQUEST FOR ADDITIONAL ASSISTANCE Will accept applications after August 1. Forms will be

REQUEST FOR ADDITIONAL ASSISTANCE Will accept applications after August 1. Forms will be online, under our office ‘forms’

Questions

Questions