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George Fox University | Offices and Services | Undergraduate
Undergraduate Financial AidApplying for Financial AidIf you are planning to attend George Fox University and want to be considered for financial aid, you need only to fill out the Free Application for Federal Student Aid (FAFSA) form. The information from the FAFSA and from the admission process are the sole determiners of the amount and type of aid. The availability of funds is also considered. Roughly 40% of our enterring Freshmen for the 2006-07 year had parent income below $60,000. Because we consider need as well as merit, we attempt to develop a financial aid package that makes a degree from George Fox University possible for a vareity of students. The FAFSA cannot be completed or sent in before Jan. 1. We encourage you to complete your FAFSA as soon as possible after that date. If you previously attended a college other than George Fox AND are transferring midyear, you must let Student Financial Services know where you attended. This information must be given to us even if you did not receive financial aid. Our Title IV code number is 003194. Apply for federal, state, and institutional aid using FAFSA On The Web! Click here for more information http://fafsa.ed.gov Basis of Student AidEach family should expect to make every reasonable financial adjustment to provide as much support as possible for college expenses. Financial aid to supplement the family's efforts will be offered under three basic conditions:
With few exceptions, you must be enrolled full time (at least 12 credits per semester) to receive financial aid. You must also meet eligibility requirements of the programs from which you receive assistance. Such requirements include maintaining satisfactory academic progress toward a degree, maintaining a minimum grade point average, having financial need, and other specific conditions of federal, state, or college regulations. Awards Based Upon Financial Need Financial assistance awarded by George Fox University takes the form of grants, loans, and employment. "Need-based" financial assistance comes from the state or federal government and from the university. Students awarded federal and state aid are subject to the laws regulating those programs. For instance, all federal and state assistance requires signed statements from the recipient attesting that the funds will be used only for educational purposes, that the student is not in default on any government loan nor owing a refund on any government grant, and that the student has registered with the Selective Service or that he or she is not required to do so. The total financial aid package - including all grants, scholarships and loans - may not exceed the amount of need when federal program funds are included. Virtually every student in the university who can demonstrate need is awarded funds (grants, loans, and/or employment) to assist in meeting the cost of attendance. Many awards for potential academic and other performance abilities, and for personal qualities and affiliations, may be given without first considering the financial need of recipients, although many of these awards may also be higher if the need of the student is also demonstrated. Many scholarships and grants are available to students who have proven ability in college. Others, such as the honors scholarships, are awarded to both new and returning students. Federal and State Grant Programs Federal Academic Competitiveness Grant:
Federal Loans The Federal Perkins Loan is awarded by Student Financial Services based on demonstrated need and availability of funds. Because of the limited funds, this is usually awarded only to first-year students who have limited Stafford Loan capabilities. The university participates in the Direct Loan Program for the Federal Subsidized Stafford Loan, the Federal Unsubsidized Stafford, and the Federal Parents Loan for Undergraduate Students (PLUS). Eligibility for the Subsidized Stafford and the Unsubsidized Stafford is determined by filling out the Free Application for Federal Student Aid (FAFSA), as well as by student status. Parents wishing to borrow through the PLUS program may request an application through Student Financial Services. When other funds are not available, loans place the responsibility for financing higher education on the student or parent. Families are encouraged to be cautious when applying for loans but to consider the value of receiving financial assistance when needed and of paying some of the cost of education later when they are better able to do so. The University expects loans to be a significant part of the usual financial aid award, but the family must decide whether the loans are necessary based upon their financial situation. To access more information about loans, please click here. EmploymentOn-campus employment constitutes a significant resource for students who have documented financial need. Student employment is offered by Student Financial Services based on need and availability of funds. Most student employment is subsidized by the Federal College Work-Study Program. If eligible, a student must submit an employment application supplied by the Office of Human Resources. The university is required to spend some of its federal subsidy for off-campus community service positions. This is coordinated through Human Resources and selected academic departments. University GrantsThe university awards funds to needy students to supplement funds provided by the federal and state programs. If eligible on the basis of financial need, a student with insufficient state or federal funds may receive a George Fox grant. Honors ProgramAcademic Scholarships Forensics, Music, and Drama Scholarships The George Fox University Science Scholarship is a renewable award of up to $3,500 for science majors who have a predicted GPA of 3.50 based upon high school GPA and Scholastic Aptitude Test (SAT) or American College Testing (ACT) Program test scores. Candidates are recommended by the admission office and approved by the science department. Students must apply by February 1. The application process includes SAT scores, seven-semester transcript, and a letter of recommendation from a high school science teacher. Continuation requires a 3.40 GPA. Multicultural Grants Special Grants Any student with need from a Friends or Evangelical Church of North America church with a high school GPA of 3.0 or a combined SAT score above 1000 may receive a grant of $1,400. Continuation of the California Student Grant or the Friends/ECNA Student Grant requires a cumulative college GPA of at least 3.0. Church/University Fellowship Awards Family Discounts Other Scholarships and Grants |
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