Next: Student Life and Resources Up: Cornell College Catalogue 2008-2009 Previous: Additional Academic Programs
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
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.
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 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.
To qualify for a refund, a student must contact the Dean of Students to formally withdraw from the College.
Cornell College Refund and Repayment Policy
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.
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.
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).
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.
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.
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.
**Additional performance criteria are also required. Please contact the Art, Music, or Theatre departments for renewal criteria.
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.
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.
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 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.
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.