Greenville College Affordability Guide2014-2015

ATTENDING COLLEGE will have a considerable impact on you – emotionally, professionally and financially. When you choose Greenville College, you can be assured that you have selected one of the finest values in Christian higher education.

At this stage of your college search process we urge you to consider the final cost of education after financial aid has been awarded. Here at Greenville, 96 percent of our students receive financial aid in the form of grants, scholarships, loans and work-study. Once financial aid has been factored in, you’ll find the final cost to be within your reach.

Tuition* $24,140

Housing $3,892

Meal Plan $4,152

Fees $220

TOTAL $32,404

COSTS 2014-2015

*Book rental is included in tuition

Last year, Greenville College students received an average

financial aid package of $21,635

That’s it – the financial aid office will notify you once your award letter has been prepared and is ready for you to view.

OUR FINANCIAL AID OFFICE wants to partner with you to successfully find the resources necessary to finance your education.

You must be admitted into the college before you can be awarded financial aid.

STEP 1 APPLY

Complete your FAFSA as soon as possible between January 1 and March 1. Have your information sent directly to Greenville College by using college code 001684.

STEP 2 FILE YOUR FAFSA

There are many alternative options for financial help. Local companies and organizations often offer scholarships to students from the community or children of employees. Check out www.finaid.org,

www.fastweb.com and the Greenville College Financial Aid web page for additional resources.

STEP 3 INVESTIGATE

Greenville College Award

Greenville College Endowed Scholarships

Christian Service Dependent Award

International Student Award

Full-Time students who are U.S. citizens and demonstrate financial need through submitting the FAFSA.

Awarded to students with financial need after other sources of aid have been applied.

Dependents of ministers or missionaries who are full-time employees of the church and whose primary income is derived from the church.

International students who show financial need.

Amounts vary based on demonstrated financial need.

Up to $4,000 per year

$1,000 per year

Up to $4,000 per year

File the FAFSA as soon as possible after January 1.

File the FAFSA as soon as possible after January 1.

File the FAFSA as soon as possible after January 1 and confirm your eligibility with the Admissions Office and the Financial Aid Office.

Complete the Declaration of Finances Form available from the Office of Admissions.

Legacy Award Dependents of Greenville College Alumni, members or active participants in Free Methodist church programs, or siblings of currently enrolled dependent siblings at Greenville College.

$500 per year; renewed annually by maintaining a 2.0 GPA.

Confirm eligibility with the Admissions Office.

Boyer Scholarship

McAllaster Honors Scholarship

Trustee’s Scholarship

President’s Scholarship

Dean’s Scholarship

Recognition Award

Transfer Scholar

Transfer Merit Scholarship

Transfer Honor Scholarship

Transfer Achievement Award

First-time freshman National Merit semifinalist or finalist

First-time freshman who have been accepted into the McAllaster Honors program. This scholarship will replace other merit scholarships for which the student qualifies.

First-time freshmen based on a combination of cumulative GPA and ACT or SAT score. Trustee’s Scholarship recipients typically have a 4.0 GPA and a 28 ACT (1260 SAT) or a 3.5 GPA and a 33 ACT (1460 SAT). Confirm your eligibility at greenville.edu/scholarship_calculator.

First-time freshmen based on a combination of cumulative GPA and ACT or SAT score. President’s Scholarship recipients typically have a 4.0 GPA and 25 ACT (1150 SAT), 3.5 GPA and 28 ACT (1260 SAT) or 3.0 GPA and 33 ACT (1460 SAT). Confirm your eligibility at greenville.edu/scholarship_calculator.

First-time freshmen based on a combination of cumulative GPA and ACT or SAT score. Dean’s Scholarship recipients typically have a 4.0 GPA and 21 ACT (990 SAT), 3.5 GPA and 23 ACT (1070 SAT) or 3.0 GPA and 26 ACT (1190 SAT). Confirm your eligibility at greenville.edu/scholarship_calculator.

First-time freshmen based on a combination of cumulative GPA and ACT or SAT score. Recognition Award recipients typically have a 3.0 GPA and 19 ACT (910 SAT) or 2.5 GPA and 24 ACT (1110 SAT). Confirm your eligibility at greenville.edu/scholarship_calculator.

Transfer students with a college cumulative GPA of 3.75 to 4.0 / 4.0.

Transfer students with a college cumulative GPA of 3.5 to 3.74 / 4.0.

Transfer students with a college cumulative GPA of 3.0 to 3.49 / 4.0.

Transfer students with a college cumulative GPA of 2.50 to 2.99 / 4.0.

Three-fourths of tuition per year

$15,000 per year

$13,000 per year

$11,000 per year

$10,000 per year

$1,000 - $4,000 per year

$9,500 per year

$9,000 per year

$8,500 per year

$3,500 per year

Confirm eligibility with the Admissions office.

Complete the McAllaster Honors Scholarship application. This scholarship is limited to 30 students a year.

Submit official high school transcripts and test scores with your admission application.

Submit official high school transcripts and test scores with your admission application.

Submit official high school transcripts and test scores with your admission application.

Submit official high school transcripts and test scores with your admission application.

Submit official college transcripts to the Admissions Office.

Submit official college transcripts to the Admissions Office.

Submit official college transcripts to the Admissions Office.

Submit official college transcripts to the Admissions Office.

PROGRAM WHO IS ELIGIBLE? HOW MUCH? HOW TO APPLY?

PROGRAM WHO IS ELIGIBLE? HOW MUCH? HOW TO APPLY?

PROGRAM WHO IS ELIGIBLE? HOW MUCH? HOW TO APPLY?

GC MERIT SCHOLARSHIPS & AWARDS

GC NEED SCHOLARSHIPS & AWARDS

GC LEGACY AWARD

Art Scholarship

Science Society Scholarship

Music Society Scholarship

Music Ensemble Award

Marching and Pep Band Award

Students majoring in Art.

Students majoring in Biology, Chemistry, Mathematics, Physics or Pre-engineering. This scholarship replaces the students existing Dean’s, President’s, Trustee’s, Transfer Honor, Transfer Merit, Transfer Scholar scholarships.

Students majoring in Music, Audio Engineering, Commercial Music, Worship Arts, or Music Education. This scholarship replaces the students existing Recognition, Dean’s, President’s, Trustee’s, Transfer Honor, Transfer Merit, Transfer Scholar scholarships.

Students who participate in an approved Ensemble for credit and are not eligible for the Music Major Scholarship.

Students participating in Marching and Pep Band. This scholarship replaces the students existing Recognition, Dean’s, President’s, Trustee’s, Transfer Honor, Transfer Merit, or Transfer Scholar scholarship.

Up to $1,500 per year. Both portfolio evaluation and need are taken into consideration.

$9,500-$14,000 per year

$2,000-$14,000 per year

$500 per year

$1,500-$13,500 per year

Must submit art portfolio to Art Department by February 15 for consideration. Contact Art Department for details.

Science Scholarship Essay must be received by February 15. For essay details, contact Admissions Office or visit greenville.edu/financialaid.

Based on in-person or videotaped audition. Audition must be conducted by February 20. Visit greenville.edu/financialaid for audition information.

Based on in-person or videotaped audition. Audition must be received by February 20. Visit greenville.edu/financialaid for audition information.

Based on in-person or videotaped audition. Audition must be conducted by February 20. Visit greenville.edu/financialaid for audition information.

Church Partnership Award Program

Any full-time undergraduate student with support of local congregation.

Greenville College will match a minimum of $250 and up to $1,000 of scholarship funds provided by church.

Submit completed Church Partnership application form (approved by local church) to Greenville College by March 1. After March 1, Greenville College portion of the scholarship will depend on availability of funding.

Federal Pell Grant

SEOG (Federal Supplemental Educational Opportunity Grant)

Students with financial need and making satisfactory progress.

Full-time, PELL-eligible students with extreme financial need.

Up to $5,730 per year. Must apply annually.

Up to $2,000 per year. Must apply annually.

File the FAFSA as soon as possible after January 1.

File the FAFSA as soon as possible after January 1.

Direct Subsidized/Unsubsidized (dependent student)

Direct Subsidized/Unsubsidized (independent student)

Federal PLUS Loan for Parents

Federal Perkins Loan

Subsidized – needUnsubsidized – non-need

Subsidized – needUnsubsidized – non-need

Parents of dependent undergraduate students.

Need-based; Limited funds available.

$5,500 year one; $6,500 year two; $7,500 each year after; $31,000 max undergraduate

$9,500 year one; $10,500 year two; $12,500 each year after; $57,500 max undergraduate

Full cost of attendance less other financial aid

Up to $4,000. Must apply annually.

File the FAFSA as soon as possible after January 1.

File the FAFSA as soon as possible after January 1

File the FAFSA as soon as possible after January 1.

File the FAFSA as soon as possible after January 1.

ISAC MAP Grant Residents of Illinois with EFC up to $8,999 and meets state FAFSA suspension date.

Up to $4,720 per year based on need. If student is enrolled in less than 15 credit hours per semester, then award amount is prorated. Must apply annually.

File the FAFSA between January 1 and March 1. See www.collegeillinois.org for details.

GC DEPARTMENTAL SCHOLARSHIPS & AWARDS

PROGRAM WHO IS ELIGIBLE? HOW MUCH? HOW TO APPLY?

FEDERAL AID – MATCHPROGRAM WHO IS ELIGIBLE? HOW MUCH? HOW TO APPLY?

PROGRAM WHO IS ELIGIBLE? HOW MUCH? HOW TO APPLY?

FEDERAL AID – GRANTS

PROGRAM WHO IS ELIGIBLE? HOW MUCH? HOW TO APPLY?

FEDERAL AID – LOANS

PROGRAM WHO IS ELIGIBLE? HOW MUCH? HOW TO APPLY?

STATE AID

$21,635 AVERAGE FINANCIAL AID PACKAGEThe cost of a private Christian education may be more affordable than you think. Greenville College offers financial assistance in the form of merit awards and need-based awards. We also work with students to accept federal and state grants, low-interest loans, and work study opportunities.

LESS DEBTGC graduates had an average debt of $23,976 compared to the Illinois average debt amount of $28,028 and the national average of $29,400 for 2012 grads (projectonstudentdebt.org). That means Greenville College students have about 15% less debt than their counterparts.

$180 - $275/MONTH LOAN REPAYMENTBased on GC’s average student loan debt, monthly payments range from $180 to $275 after graduation depending on the loan term (finaid.org/calculators/loanpayments.phtml).

2013-14 AVERAGE OUT-OF-POCKET COSTS

FINANCIAL RESOURCESGreenville College is committed to student success, which is why we have partnered with SALT, a non-profit organization dedicated to providing financial guidance to students while they are in school, and after they graduate. This free resource helps you manage student loans, offers advice for negotiating your salary after graduation, and even offers an app for finding food on a budget. Visit saltmoney.org.

Household Incomeup to $30,000$30,001 to $60,000$60,001 to $90,000$90,001 to $120,000$120,000+

22%18%22%15%16%

Percentage of Students Average Out-of pocket cost

$4,091$5,371$8,954$11,563$17,042

1. Cash PaymentAll semester charges, less approved financial aid, are due before you can officially complete registration. Make check or money order payable to Greenville College. Payments may be made with a MasterCard, Discover, or American Express credit card. (Each semester’s bill is due approximately two weeks prior to the first day of classes.)

2. Monthly Payment PlanA monthly payment plan is available for students/parents wishing to pay accounts over a 8-12 month period. Specific details about the program will be mailed in the spring. Contact the Student Account Office for more information.

Tuition Management Systems: 800-722-4867 | afford.com

3. Federal Parent PLUS Loans or Alternative LoansMany families take additional loans to pay any balance left on the student’s bill. Information is available on this brochure about your loan options.

HOW TO PAYYou must have a payment plan approved by the Student Accounts Office before you are allowed to complete registration. Payment options are listed below.

Through the Free Application for Federal Student Aid (FAFSA), the federal government determines a minimum amount the family is expected to contribute to the student’s educational expenses (EFC = Expected Family Contribution) based upon student and family resources. Regardless of the school the student chooses to attend, the EFC remains constant. The student’s need varies depending upon the cost of the school attended.

For example, Sam is considering 3 different colleges, each having a different cost of attendance. Since his EFC was determined to be $1,896, his “financial need” varies with each institution. Each institution will put together a financial aid package and try to meet as much of Sam’s financial need as possible.

Cost of Attendance

(Variable)

EFC Expected Family Contribution

(Constant)

Need (Variable)

$30,496

$13,757

$36,369

$28,600

$11,861

$1,896

HOW NEED IS DETERMINED

ADDITIONAL CONSIDERATIONS:• Summer income and graduation gifts earned by the student

• Parent Veterans Benefits

• Family savings for college

• Federal work-study to cover student’s personal needs

• Off-campus employment to cover personal expenses

• Alternative loans in the student’s name

$38,265

Don’t forget File your FAFSA by March 1 to be considered for financial aid. Greenville College code is 001684.

Questions? Web greenville.edu/financialaid Email financialaid@greenville.edu Phone (618) 664-7108

Financial Aid Office315 E. College Avenue

Greenville, IL 62246