|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Next: Student Life and Resources Up: Cornell College Catalogue 2006-2007 Previous: Additional Academic Programs
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Rates and Charges for the 2006-2007 Academic Year
|
|||||
| Terms | Activity | ||||
|---|---|---|---|---|---|
| Enrolled | Tuition | Fee | Residence | Dining | Total |
| 9 | $24,620 | $180 | $3,100 | $3,560 | $31,460 |
| 8 | 24,620 | 180 | 3,100 | 3,560 | 31,460 |
| 7 | 21,625 | 165 | 2,760 | 3,160 | 27,710 |
| 6 | 18,620 | 145 | 2,410 | 2,750 | 23,925 |
| 5 | 15,605 | 125 | 2,050 | 2,325 | 20,105 |
| 4 | 12,560 | 105 | 1,680 | 1,890 | 16,235 |
| 3 | 9,485 | 80 | 1,290 | 1,440 | 12,295 |
| 2 | 6,375 | 55 | 875 | 975 | 8,280 |
| 1 | 3,220 | 30 | 435 | 495 | 4,180 |
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 $1,100*
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 $550
Late Registration (adding or dropping courses), per course $25
Readmission Application Fee $300
Single Room Charge, per semester $280*
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
if picked up at Registrar's Office No charge
if sent via first-class mail No charge
if sent via fax $5*
if sent via any expedited mail or delivery service $5 plus cost of service*
Vehicle Registration Fee $45*
*Optional Services
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: $275 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.
A student who officially withdraws before 60% of the semester, but after the third day of the term, will pay tuition for the entire term. A student who withdraws after 60% of the semester will pay tuition for the entire semester. A student will receive financial assistance based on the percentage of the semester he/she attended class up to 60% of the semester. After 60% 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. 60% of the fall semester is completed on the second Tuesday of Term 3. 60% of the spring semester is completed on the first Friday of Term 7.
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 60 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 | Percentage of | |
|---|---|---|
| Following Weeks | Residence Charges | |
| of the Semester | 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, once the check has been requested 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.
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 loses or 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 ScholarshipsGPA
William Fletcher King Scholarship3.25
Samuel Fellows Scholarship3.25
Trustee Scholarship3.25
National Excellence Scholarship3.25
Presidential Scholarship3.00
Dean's Scholarship3.00
Armstrong Multicultural Scholarship2.00
Keeler Scholarship2.00
Bowman United Methodist Scholarship2.00
Academic & Community Enrichment (ACE) Scholarship2.00
PACE Scholarship2.00
Music Scholarships**GPA
William Fletcher King Scholarship3.00
Trustee Scholarship2.80
Theatre Scholarships**GPA
William Fletcher King Scholarship3.00
Trustee Scholarship3.00
Dean's Theatre Scholarship2.75
Theatre Scholarship2.00
Awards**GPA
Horace Alden Miller Music (HAMM) Award2.00
Dungan Music Award2.00
Buzza Art Award2.00
Art Award2.00
Theatre Award2.00
Methodist Servant Award2.00
**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 below the original award. For example: Student A has an Academicv 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.
- 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 Sodexho 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% 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% 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 Work Study provides on-campus employment opportunities for
students with demonstrated financial need. Work awards are typically $800-$1,200
per year.
- 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.
- 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 attend 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.
|
||||||||||||
|
||||||||||||
