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Next: Student Life and Resources Up: Cornell College Catalogue 2008-2009 Previous: Additional Academic Programs

Subsections

    • Rates and Charges
    • Other Fees and Charges
    • Music Lessons (Solo Performance Courses)
    • Refunds and Withdrawals

  • Financial Assistance
    • Applying for Financial Assistance
    • Cornell Financial Assistance Programs
    • Federal Financial Assistance Programs
    • State of Iowa Financial Assistance Programs
    • Tuition Scholarship Students
    • Continuing Education Students
    • Financial Aid for Off-Campus Programs


Financial Information


Rates and Charges

The handling of money is an educational experience, and for this reason College business affairs are usually conducted directly with the student. Accounts must be paid promptly for the student to remain in the College.

Although the academic year (September through May) contains nine terms, full-time degree candidates are charged tuition, activity fees, room and board for only eight of these terms. If the student is enrolled for eight terms in the same academic year, he or she may take the ninth term at no additional cost. The total charges listed below do not include such additional expenses as books, music lessons, and student practice teaching (see " Other Fees and Charges''). There are no refunds or adjustments for vacation terms.

Rates and Charges for the 2008-2009 Academic Year

Number of Terms Enrolled

 

 

Tuition

 

Activity

Fee

 

 

Dining

 

 

Residence

 

 

Total

9

$ 27,670

$ 180

$ 3,850

$ 3,370

$ 35,070

8

27,670

180

3,850

3,370

35,070

7

24,305

165

3,415

3,000

30,885

6

20,930

145

2,970

2,620

26,665

5

17,535

125

2,515

2,230

22,405

4

14,115

105

2,045

1,825

18,090

3

10,660

80

1,555

1,400

13,695

2

7,165

55

1,055

950

9,225

1

3,625

30

535

470

4,660

10*

31,131

180

3,850

3,370

38,531

<>

We remind you that, as set forth in the catalog, "students who enter after Term 1 must register for all of the terms remaining in that academic year."

To determine the amount due upon enrollment:

1. The student enrolled for 8 or 9 terms pays Cornell by July 20 on the annual or semester payment plan or contracts with ECSI for a 12 or 10 month payment plan.

2. Example: a student enters in November; the charge is $30,885 (2 terms missed with 7 remaining). A pay plan must be arranged in advance with the Business Office and/or with ECSI.

3. There are no refunds or adjustments for terms missed prior to enrollment. (See catalog for vacation term and the withdrawal schedule.)

4. Qualified students enrolled for less than 8 terms may be eligible for adjusted amounts of financial aid. Failure to earn course credits may result in re-evaluation of a student's eligibility for financial aid. For details regarding satisfactory academic progress, contact the Registrar's office or the Office of Financial Assistance.

5. Specific questions on the above should be directed to the Business Office.

6. Questions regarding financial aid should be directed to the Office of Financial Assistance.

7. *Students enrolled for more than 9 term credits, excluding 500 and 700 level courses, will be charged 1/8 of the annual tuition charge plus the charge for nine terns as shown on the chart above.

The annual charges are payable in full on July 20 for students entering or returning in Term One or Two. The scheduled charges above are payable in full prior to the beginning of the student's first term if the student enters or returns in a term other than Term One or Two. The College offers monthly payment plan options in cooperation with an outside billing service company. Enrollment information is mailed to the home address and the initial payment (including the payment plan participation fee) and application form are sent directly to the company. Payments may be made directly to the College by enrolling in the semester payment plan option. The first half is due July 20 and the second half is due January 5. Through the combined use of a deferred payment plan and student loans, College expenses may be met by monthly payments extending over four, five, or even 15 years. The deferred payment plans referred to above are reviewed annually and are subject to change each year.

Grade reports, transcripts, and other official statements or certifications will not be issued for a student who has past due financial obligations to the College, nor will a diploma be granted to any student who has failed to settle her or his college bills. Students whose accounts are delinquent at the end of any term may not be allowed to enroll in the following term.

The annual tuition and fees usually cover tuition charges for approved off-campus programs, but an additional charge will be made if costs to the College exceed the regular tuition. Students who participate in a second-semester off-campus program numbered in the 900s in this Catalogue and then return to campus to take a course in the ninth term will normally be charged only for Room and Board for one term; however, students who have not been enrolled at Cornell for the preceding eight terms will also be charged tuition for that term.

The charges for the ensuing year are usually announced by March 1. In the event of unusual fluctuations in operating costs, the administration reserves the right to revise the rates. Student tuition at Cornell College meets about two-thirds of the educational costs. The College obtains the other one-third each year from gifts and from earnings on invested endowment funds.



Other Fees and Charges

 

Application Fee

$25

Audit Fee (for students not enrolled), per course

*$1,200

Credit by Examination (if administered by Cornell)

*$50

Deferred Payment Late Fee

1.5% per month on the unpaid payment amount

Diploma Replacement Fee

*$20

Enrollment and Accounts Receivable Deposit

$300

Evaluation of Off-Campus Study, per course

*$100

ID Card Replacement Fee

$8

International Student Fee

$750

Late Registration (adding or dropping courses), per course

$25

Readmission Deposit

$300

Single Room Charge, per semester

* $360

Teacher Education Placement Fees for 20 sets of credentials

if student is enrolled

* $25

if student is not enrolled

*$30

for updating (10 sets of credentials)

*$15

Transcript Fee, per copy

ordered online

$3

requested directly through Registrar's Office

$5

if sent via fax

Additional *$5

if sent via any expedited mail or delivery service

Additional *$25 U.S., $35 Canada, $50 Mexico and international

Vehicle Registration Fee

*$45

* Optional Services

 

A student activity fee is assessed for all students and is administered by Student Senate. These funds are allocated to various student groups to facilitate their operations, activities, and events.


Music Lessons (Solo Performance Courses)*

Music Majors: $150 for one half-hour lesson per week for four terms (1/4 course credit) and $50 per semester for each additional half-hour lesson (1/4 course credit).

Non-Music Majors: $325 for each one half-hour lesson per week for four terms (1/4 course credit).

Recipients of Music Scholarships and Awards will not be charged for lessons on their principal (scholarship audition) instrument.

*Optional services


Refunds and Withdrawals

To qualify for a refund, a student must contact the Dean of Students to formally withdraw from the College.

A student withdrawing from Cornell, after having been approved by the Dean of Students, may be allowed a tuition credit. If a student withdraws from the College after the first three (3) days of the term, the student is charged for the entire term. The exit date will be the last day of attendance.

Cornell College Refund and Repayment Policy
Cornell College has adopted a Refund and Repayment Policy that conforms to Section 668.22 of the Higher Education Amendments of 1988.

Because Cornell is a standard term-based program using modules (terms), students who withdraw AFTER completing at least one term within the semester are not required to comply with the Return of Title IV aid policy and procedure. However, if a student withdraws BEFORE completing at least one term in the semester, the Return of Title IV aid policy and procedure does apply.


A student who officially withdraws before 60 percent of the semester, but after the third day of the term, will pay tuition for the entire term and will receive financial assistance for that term. A student who withdraws after 60 percent of the semester will pay tuition for the entire semester and receive financial assistance for entire semester. A student will receive financial assistance based on the percentage of the semester he/she attended class up to 60 percent of the semester if the student withdraws prior to completing a term in either semester. After 60 percent of the semester, the student receives no refund.


For refund purposes, a semester is defined here as Terms 1-4 (September-December) and Terms 5-8 (January-April). Semesters consist of 16 weeks each.

If funds have been released to the student because of a credit balance on the student's account at Cornell College, the student may be required to repay some or all of the federal, state, or institutional aid released to the student.

Refunds follow the federally mandated refund hierarchy as follows: Unsubsidized Stafford Loan, Subsidized Stafford Loan, Perkins Loan, PLUS Loan, Federal Pell Grant, Federal SEOG, other Title IV assistance, other federal assistance, state-funded assistance, Cornell College financial assistance, other assistance, and the student.

An enrollment deposit is paid when a student is admitted and decides to attend Cornell. Once a student enrolls, the College retains the deposit until graduation or until the student officially withdraws from the College. At the time of graduation or withdrawal during the academic year, the deposit, less any amount owed to the College, is refunded to the student. An enrolled student, who finishes the academic year but chooses not to return the following fall, must notify the Dean of Students Office by the first Wednesday of Term 8, or the deposit will be forfeited.

A student who leaves the College without official permission will have the grade of F recorded for each course in progress. Students who have not attended classes for 60 calendar days and have not filed for a Reduced Program or a Withdrawal will be dropped from the College at the end of the current term. Students with an unofficial withdrawal will be charged tuition by the term. The full settlement of accounts is due before an academic transcript will be released.

This policy is subject to federal regulations administered by the Department of Education. Contact the Financial Assistance Office for details and to learn of any changes to this policy. Changes in enrollment status from full-time to part-time will affect your financial assistance. Please contact the Financial Assistance Office to discuss individual circumstances.

Residence, Dining, and Activity Fee
Residence refunds are calculated based upon the date that the student checks out with the Residence Life staff and the room is vacated. Percentages of residence charges refunded are as follows:

During the Following Weeks

of the Semester

Percentage of Residence Charges

Refunded

Through the third day of class

100%

1-2

50

3-4

40

5-6

30

7-8

20

9 or greater

0

>
Dining charges will be refunded on a pro-rated basis from the Monday following the date the student checks out with the Residence Life staff. After the semester begins, there is no refund of the Student Activity Fee.

Those students on a deferred payment plan may have additional payments to make. The College reserves the right to exclude, at any time, students whose conduct makes them undesirable members of the Cornell community.

A student whose account is credited with more funds than are owed to Cornell will receive a check for the amount of the credit balance, upon request from the Business Office. Refunds are not available until the term begins.


Meal Refunds for Approved Off-Campus Courses
The College will refund a portion of the amount charged for meals in a particular term to any student who completes a Cornell-sponsored off-campus internship, field course, independent or Special Study, etc., provided that the student (1) petitions for this refund through the Registrar's Office at least seven class days before the start of the off-campus course, and (2) does not eat any meals on campus (except those outlined on the petition) during the four weeks of the term. Students may begin taking meals again Sunday morning of the fourth week. A student who obtains a meal at Cornell without paying for it during the period for which he or she is requesting a refund will be charged for the full term and will forfeit the refund. The off-campus program requires the student to be away from campus during the time meals are served. Students on the 180 meal per semester plan are not eligible for meal refunds at any time.

For short field trips, box meals can be obtained from the College Food Service if the instructor notifies the Director of Food Service in writing at least four days in advance. Students with special schedules should consult the Food Service Director for possible assistance in arranging their meals.

Please confer with the appropriate faculty member for policies related to off-campus charges, meal refunds, etc., (also available from the Business or Registrar's Office).


Financial Assistance

All financial assistance information is subject to change per Department of Education and federal regulations.

The fundamental purpose of Cornell's financial assistance program is to make it possible for students of all incomes to attend Cornell. The College believes the family has the primary responsibility for financing education and should make a maximum effort to assist the student with college expenses. Financial assistance is intended to supplement the efforts of the student and her or his family.

Students are awarded financial assistance on the basis of financial need as determined by the federal needs analysis formula and institutional policies. The financial assistance award may consist of scholarship, grant, employment, and loan. The amount and type of assistance may vary from one year to the next depending upon awarding formulas and family circumstances.

Students who receive financial assistance are allowed to receive a maximum of 32 course credits of institutional funds (eight terms per year).

Students who register in any year for fewer than eight terms will have a reduction in their financial aid as well as a reduction in their costs. Consult the Office of Financial Assistance for details.


Applying for Financial Assistance

To receive financial assistance a student must meet the following criteria: have earned a high school diploma, a high school equivalency diploma in a home school setting, or a General Education Degree (GED); be enrolled as a regular student in an eligible program; be a U.S. citizen or eligible noncitizen; make satisfactory academic progress according to the institution's policy; sign a statement of educational purpose/certification statement on refunds and default; and, male students must register with the Selective Service.

The drug conviction provision constitutes a new student eligibility requirement contained in the Higher Education Act (HEA) effective July 1, 2000. It provides that a student's eligibility for Federal student aid is suspended if the student is convicted, under Federal or State law, of any offense involving the possession or sale of a controlled substance (generally meaning illegal drugs, but not including alcohol or tobacco). Any such suspension of eligibility begins on the date of the conviction and lasts until the end of a statutorily specified period. The suspension ranges from one year to indefinite, depending upon the number and type of convictions. A student may regain eligibility early by completing a drug rehabilitation program that meets certain statutory and regulatory requirements (including two unannounced drug tests), or if the conviction is overturned. For more information about the Drug Conviction regulation, please contact the Financial Assistance Office at 319-895-4216.

To apply for financial assistance, students must complete the federal financial aid form and submit required financial documents to the Office of Financial Assistance prior to March 1. Following March 1, funds are awarded on an ``as available'' basis. The federal financial assistance form may be obtained from the student's high school, from Cornell, or completed via the internet. Students must apply for financial assistance each year.


Cornell Financial Assistance Programs

Merit Scholarships
Merit scholarships and awards are awarded to first-year and transfer* students. Scholarships and Awards are only awarded to students in their matriculation year to Cornell College. Students with merit-based scholarships and/or awards, either academic or fine arts, must maintain the renewal criteria listed below. Please contact the Admission Office for specific scholarship amounts.

If a student forfeits a scholarship or an award, s/he will NOT be awarded a different scholarship or award, though eligible students may be awarded additional need-based aid. A student will not be awarded an additional award or have a scholarship upgraded based upon her/his academic performance at the college. Grades earned at another college do not apply toward the GPA renewal requirement, i.e., only grades earned at Cornell are applicable.

Note: Scholarship amounts may be adjusted for students living with parent(s). Contact the Admission Office for specific amounts.

*Transfer students who enter with junior status may retain their scholarship/award for a maximum of 18 terms, 2 years, or until graduation, whichever occurs first; sophomore status, a maximum of 27 terms, 3 years, or until graduation, whichever occurs first; first year status, a maximum of 32 terms, 31/2years, or until graduation, whichever occurs first.

Academic Scholarships

GPA

William Fletcher King Scholarship

3.25

Samuel Fellows Scholarship

3.25

Trustee Scholarship

3.25

National Excellence Scholarship

3.25

Presidential Scholarship

3.00

Dean's Scholarship

3.00

Armstrong Multicultural Scholarship

2.00

Keeler Scholarship

2.00

Bowman United Methodist Scholarship

2.00

Academic and Community Enrichment (ACE) Scholarship

2.00

PACE Scholarship

2.00

 

Music Scholarships**

GPA

William Fletcher King Scholarship

3.00

Trustee Scholarship

2.00

Dean's Music Scholarship

2.00

5K Music Scholarship

2.00

 

Theatre Scholarships**

GPA

William Fletcher King Scholarship

3.00

Trustee Scholarship

3.00

Dean's Theatre Scholarship

2.75

Theatre Scholarship

2.00

 

Awards**

GPA

Horace Alden Miller Music (HAMM) Award

2.00

Dungan Music Award

2.00

Buzza Art Award

2.00

Art Award

2.00

Theatre Award

2.00

Methodist Servant Award

2.00

**Additional performance criteria are also required. Please contact the Art, Music, or Theatre departments for renewal criteria.




Probationary Policy for Scholarships and Awards

If a scholarship recipient's Cornell GPA falls below the required minimum GPA for scholarship renewal by more than .25, the student will be awarded the next scholarship for which they are eligible to receive. For example: Student A has an Academic trustee Scholarship worth $15,000 and must have a 3.25 minimum GPA to renew the scholarship. At the end of the first year at Cornell Student A has a 2.85 cumulative GPA. Student A would then be awarded the Presidential Scholarship worth $10,000. If the student is in good academic standing and his/her cumulative GPA is within .25 of the required GPA, the student retains the scholarship but is placed on scholarship probation. During the probationary period, the student is given one academic year to raise the GPA to the required level. If the student is successful in achieving the required GPA, he/she is removed from probation. Only one probationary period would be allowed. If the student does not raise his/her GPA to the required level, he/she will be awarded the next scholarship below the original award (see the above example) for all future years at Cornell College.

The Vice President for Enrollment and the Director of Financial Assistance will review exceptions to the probationary policy on an individual basis. Generally, approved exceptions are granted on the basis of the magnitude of circumstances beyond a student's control.

Institutional Need-Based Gift and Self-Help Financial Assistance

  • Ministerial Awards are available to children of ordained clergy, regardless of denomination, as long as the clergy's chief employment is either in a parish ministry or a ministry directly supported by the church. Awards are based upon financial need as determined by the federal needs analysis formula and institutional policies.
  • Cornell Grants/Endowed Scholarships are funds made available by the College and are based on the financial need of the student. Grant amounts may vary each year depending upon financial need.
  • Institutional student employment provides on-campus employment opportunities for students who do not demonstrate financial need. Work awards are typically $800-$1200 per year. Students are only assigned to Sodexo unless they are fulfilling a specific employment need on campus. Students are paid minimum wage once a month.
  • The Mabel E. Sherman Loan is awarded to students who are Iowa residents. Priority is given to students who are in their first or second year of college. The loan has a 7 percent interest rate and the interest will accrue one year from the day after separation from Cornell College. Repayment shall not exceed 10 years.
  • The McElroy Loan is awarded primarily to students during their first and second years of college. The loan has an 8 percent interest rate. The interest will accrue beginning six months after separation from Cornell College. Repayment shall not exceed 10 years.


Federal Financial Assistance Programs

  • Federal Pell Grants are available to students with exceptional financial need, as determined by the Department of Education.
  • Federal Supplemental Educational Opportunity Grants (SEOG) are available to students with exceptional financial need. Priority is given to Federal Pell recipients.
  • Academic Competitiveness Grants (ACG) are available to students for their first and second years of college who are also Pell Grant eligible. AC grants are $750 for first-year students and $1,300 for second-year students. Students must be full time and have a 3.0 cumulative GPA and completed a rigorous secondary school program of study.
  • Natural Science and Mathematics Access to Retain Talent (SMART) Grants are available to students for their third and fourth years of college and who are also Pell Grant eligible. SMART grants are $4,000 for eligible students. Students must be full time and have a 3.0 cumulative college GPA and be pursuing a major in mathematics, science (including physical, life, and computer sciences), technology, engineering, or a critical foreign language.
  • Federal TEACH Grant Program provides up to $4,000 a year in grant assistance to undergraduate, post-baccalaureate students who agree to serve for at least four years as full-time "highly qualified" teachers in high need fields AND http://www.ed.gov/about/offices/list/ope/pol/tsa.doc in public or not-for-profit private elementary or secondary schools that serve students from low-income families. https://www.tcli.ed.gov/CBSWebApp/tcli/TCLIPubSchoolSearch.jsp. A TEACH Grant recipient who does NOT complete the required teaching service within eight years of completing his/her academic program, or fails to meet other requirements of the TEACH Grant Program, MUST replay the TEACH Grant as a Direct Unsubsidized Stafford Loan with interest, accrued from the date the TEACH Grant was disbursed.
  • Federal Work Study provides on-campus employment opportunities for students with demonstrated financial need. Work awards are typically $800-$1,200 per year.
  • Direct Stafford Loans are need-based, long-term, low-interest loans. Repayment begins six months after graduation, withdrawal, or a drop to less than half-time enrollment. Amounts of the loan are determined by the student's year in college and enrollment status. Per federal regulations all students must attend an entrance and an exit interview session.
  • Direct Unsubsidized Stafford Loans are long-term, low-interest loans available to all students regardless of financial need or family income. Repayment begins six months after graduation, withdrawal, or a drop to less than half-time enrollment. Amounts of the loan are determined by the student's year in college and enrollment status. Per federal regulations all students must complete an entrance and an exit interview session.
  • Perkins Loans are need-based, long-term, low-interest loans awarded primarily to first and second year students. The loan is a joint Cornell College-federal program. Repayment begins nine months after graduation, withdrawal, or a drop to less than half-time enrollment. The Perkins Loan is repaid to Cornell College.


State of Iowa Financial Assistance Programs

Iowa Tuition Grants are available to students who are Iowa residents, attend a private Iowa college, and demonstrate financial need. Application deadline for the Iowa Tuition Grant is July 1.


Tuition Exchange Program

Associated Colleges of the Midwest, National Tuition Exchange, and Faculty/Staff Tuition Scholarships provide up to full tuition (not including room, board, or fees) for a student whose parent is employed at a participating college. This program is sometimes referred to as "tuition remission.'' Please contact the Tuition Remission Officer in the Office of Financial Assistance for additional information and eligibility requirements.

All students receiving the tuition exchange benefit must apply for financial aid each year. All federal, state, or institutional grant or scholarship monies for which a student may qualify will be deducted from the tuition exchange amount. Student loan eligibility may be included in the award to assist with room and board costs.

Tuition exchange benefits cannot be used for any type of off-campus programs such as ACM, SIT, consortium, or contractual programs. Please contact the Office of Financial Assistance with questions.


Continuing Education Students

Continuing Education students may apply for the Federal Pell Grant, Iowa Tuition Grant, and Stafford Student Loan. Continuing Education students are not eligible to receive institutional financial assistance funds.

To receive financial assistance, continuing Education students must be registered as degree-seeking students or completing a teaching certificate.


Financial Aid for Off-Campus Programs

Students may apply their "need-based" aid toward a Cornell-affiliated off-campus program if they have been approved by the Academic Standing Committee to attend (see Index. Off-Campus Programs). Cornell will then pay the host institution of the off-campus program. If the cost of the program is more than Cornell's charges for a semester, the student must pay the difference. Please contact the Business Office for further information on costs and payments.

Please contact the Office of Financial Assistance to discuss your off-campus program and what financial aid might be available.

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