2016-17 Financial Aid Brochure

salem, oregon

Financial Aid

What are you investing in at Corban University?

Your Passion.

Your Future.

academic preparation Through class lectures, hands-on experience and personal attention given to each student, Corban graduates are equipped and ready to dive into their chosen career or graduate school.

biblical foundation Making life-changing decisions and developing character are significant parts of the years following high school. Corban students enjoy an environment of godly relationships that encourages growth toward spiritual maturity.

memorable experiences Whether it’s a late-night concert in the PVG residence hall, attending Corban’s Annual Beach Party, winning the title of Intramural Kickball Champion or spending Spring Break on a mission trip to Haiti, students at Corban have a multitude of opportunities to choose from.

lifetime relationships The Christian community at Corban brings together students who genuinely desire to grow in their relationship with God. Sharing similar values forms an unbreakable bond between students and faculty.

the bottom line Total Cost: $40,306 Financial Aid : $24,052 *

*Average Financial Aid from 2015-2016

Cost Breakdown for 2016-2017 TUITION: $29,980

ACTIVITY FEE: $660 (student events & organizations, services, intramurals, technology, parking and security)

ROOM & Board:

(with our most popular meal plan)

$9,666

how to afford your education

1

APPLY FOR ADMISSION Submit application beginning the summer of the year before you wish to enroll.

Apply online: undergrad.corban.edu/apply Questions? 1-800-845-3005 or admissions@corban.edu

2

apply for SCHOLARSHIPS Learn about and apply for any applicable scholarships.

• Private Scholarships • National level: fastweb.com • State level: getcollegefunds.org (Oregon) • Local level: high school counselors, local libraries, community organizations, Chamber of Commerce • Corban level: see the next page for information about Corban scholarships

Have you considered...

How long will it take to earn your degree?

What is your actual cost to attend Corban?

What are you investing in?

At Corban, 90% of graduates complete their degrees in just four years. That means you’ll save time and money compared to many state schools, and you’ll be ready to enter the job market or graduate school that much sooner.

Remember that scholarships, grants and financial aid all contribute to lowering your actual cost of attendance. Don’t get stuck on the sticker price.

You’ll earn a degree from an accredited, highly-ranked and respected university that prepares you for your future.

Enjoy a great experience with fellow students and faculty, and enrich your Christian character.

Academic Scholarship Estimator If you will be a freshman, use these charts to find out how much your academic scholarship will be.

test scores

H.S. GPA

RSAT

ACT

Points

H.S. GPA

Points

1600 1500-1590 1400-1490 1300-1390 1200-1290 1100-1190 1000-1090

36 33-35 31-32 28-30 25-27 22-24 19-21

20 19 18 17 15 13 6

4.0 3.9-3.99 3.8-3.89 3.7-3.79 3.6-3.69 3.5-3.59 3.4-3.49 3.3-3.39 3.2-3.29 3.0-3.19

10 9 8 7 6 5 4 3 2 1

Use this chart to find the point value assigned to your test scores.

Use this chart to find the point value assigned to your high school GPA.

Freshmen whose total point range is below 13, but have at least a 3.5 GPA, will receive a $7,000 Director’s Scholarship.

scholarship Amount Point Range

Scholarship

26-30 21-25 13-20

$15,000 (Presidential) $13,000 (Chancellor’s) $12,000 (Dean’s)

Below 13 (3.5+ GPA)

$7,000 (Director’s)

Add your test points to your GPA points.

Then find the total in the chart above to see how much of an academic scholarship you qualify for.

Use this chart if you will be a transfer student.

Transfer students are those who have received college credits after graduating from high school. Use your college GPA to determine your scholarship amount.

transfer students College GPA

Amount

3.3+ 3.0-3.29

$10,000 $6,000

Did you know we combine multiple SAT or ACT test scores to give you the best possible scholarship? Please submit your final test scores by February 1st to make this happen!

scholarships

For more information and applications, visit undergrad.corban.edu/tuition-aid.

yearly award

Application Process

New freshmen with an academic score between 26-30.

Renewable each year with a 3.0 GPA.

$15,000

Automatically awarded

Chancellor’s

New freshmen with an academic score between 21-25.

Renewable with a 3.0 GPA.

$13,000

Automatically awarded

Dean’s

New freshmen with an academic score between 13-20.

Renewable with a 2.7 GPA.

$12,000

Automatically awarded

Director’s

New freshmen with an academic score below 13 but at least a 3.5 H.S. GPA. Renewable with a 2.7 GPA.

$7,000

Automatically awarded

Scholastic Award

New transfer students. Renewable with a 3.0 GPA.

$10,000

Automatically awarded

Scholarship

Eligibility & Features

Presidential

(3.3+ GPA)

$6,000

(3.0-3.29 GPA)

Athletic

Athletes selected by Corban coaches. Replaces all other Corban scholarships.

Varies

Contact coach in sport.

Chemeketa Scholars

Transfers from Chemeketa Community College Scholars Program with 31 semester transferrable credits and at least a 3.25 GPA. Renewable with a 3.0 GPA.

$4,000

Provide verification of Chemeketa Scholar status.

Phi Theta Kappa

Transfer students who are members of Phi Theta Kappa Honor Society.

$1,000

Provide proof of membership

by June 1.

Doug West Leadership

New students. Renewable with a 3.0 GPA for a total of $20,000. Limited number available.

$5,000

Priority deadline: Nov. 1. Final deadline: Feb. 1. Contact your admissions counselor to apply.

Herb Anderson Achievement

New students. Renewable each year.

$500-$1,000 Priority deadline: Nov. 1. Final deadline: Feb. 1.

MCLARAN SCHOLARSHIP

New freshmen enrolled as political science majors with 3.6 GPA, 1170 SAT or 24 ACT, and 21 or higher academic score. Replaces all other academic scholarships.

Renewable for four years with a 3.0 GPA.

$16,000

Apply online by Nov. 1 for priority consideration.

Rolling deadline.

Debate Scholarship

New freshmen with minimum 1 year high school debate or speech experience, 3.6 GPA and 1170 SAT or 24 ACT. Replaces all other academic scholarships. Renewable for four years with a 3.0 GPA.

$16,000

Register for and participate in Corban’s Annual Debate Scholarship Competition.

DESSIEUX SCHOLARSHIP

New freshmen enrolled as health science majors with 3.85 GPA and 1300 SAT or 28 ACT. Replaces all other academic scholarships. Renewable for four years with a 3.0 GPA.

$15,000

Apply online. Priority deadline: Nov. 1. Final deadline: Feb. 1.

bilingual educator award

New freshmen enrolled as education majors. Bilingual with demonstrated financial need. Preference given to high school graduates from the Salem area.

$1,500

Apply online. Priority deadline: Nov. 1. Final deadline: Feb. 1.

Hoff memorial Business Scholarship

New freshmen enrolled as business majors with a minimum 3.5 GPA and demonstrated financial need.

Renewable for four years with a 3.0 GPA.

Varies

Apply online. Priority deadline: Nov. 1. Final deadline: Feb. 1.

Music

Music majors and participants selected by the music department.

Varies, up to $7,000

Priority given before March 1.

Contact Music dept.

National Merit

New students. National Merit Finalists. Renewable with a 3.0 GPA.

$6,000

Provide verification of standing.

Visit Scholarship

New students who visit the campus on a qualified visit.

Renewable for a total of $2,000.

$500

Schedule a qualified visit at undergrad.corban.edu/visit.

FILL OUT FAFSA*

3

Complete the FAFSA after October 1st or receive an estimate based on our net price calculator located at undergrad.corban.edu/tuition-aid.

We recommend applying for financial aid even if you don’t think you’ll qualify… Corban uses the FAFSA to determine institutional grants.

Go to fafsa.gov to begin. FAFSA code: 001339 * Free Application for Federal Student Aid

Grants Grant

Eligibility & Features

Yearly Award Application Process

Federal Pell

Based on need from the FAFSA.

Up to $5,815 (for 2016-2017)

Submit FAFSA.

Federal Supplemental Educational Opportunity Grant (FSEOG)

Based on need from the FAFSA. First come, first served, limited fund.

$100-$2,000

Submit FAFSA.

TEACH

Education majors with a 3.25 GPA (high school or $3,728 (for college). Must meet post-graduation requirements 2016-2017) or it reverts to an Unsubsidized Direct Loan.

Submit FAFSA. Visit teachgrant.ed.gov for more information.

Corban

All students. Based on need from FAFSA. Priority given to those who submit the FAFSA early.

$100-$10,000

Submit FAFSA as soon after October 1 as possible.

Alumni

All students with at least one parent who graduated from Corban/Western Baptist.

$500

Automatically awarded when you notify Financial Aid.

Sibling

For dependent students with a dependent sibling attending Corban.

$750 per sibling

Automatically awarded when you notify Financial Aid.

Church Matching

All students. Corban will match up to $1,000 provided by your church. New application each year.

Up to $500 per semester

Submit application by August 15.

Christian Worker Dependent Need

Dependent students with a parent, who is the primary earner, working in full-time Christian service. Must show exceptional financial need based upon the FAFSA. Renewable.

$1,000

Submit FAFSA. Provide documentation verifying employment.

Oregon Opportunity

Oregon residents. Based on need from the FAFSA.

$2,250 (for 2016-2017)

Submit FAFSA as soon after October 1 as possible.

Corban OOG Match

New students. Corban will match Oregon Opportunity Grants.

$2,250 (for 2016-2017)

Submit FAFSA.

Corban Washington State Need

New students who qualify for the Washington State Need Grant (SNG).

$2,000

Submit FAFSA.

Corban Cal

New students who qualify for Cal Grant Type A.

$5,000

Submit FAFSA by March 2.

loans Loan

Eligibility & Features

Yearly Award

Application Process

Federal Perkins

Based on need from the FAFSA. First come, first served, limited fund. Payments and 5% interest rate start nine months after last date of enrollment. There is no loan fee.

$1,000-$4,000

Submit FAFSA as soon after October 1 as possible.

Federal Subsidized Direct Loan

All students. Based on need from the FAFSA. Payments start six months Up to $3,500 (Fr.) from last date of enrollment. Interest $4,500 (So.) is subsidized by the government while $5,500 (Jr. & Sr.) in school and there is a small loan fee.

Federal Unsubsidized Direct Loan

All students. Not need based. Interest is not subsidized while in school and there is a small loan fee. Payments start six months after last date of enrollment. Additional amounts are available for independent students and dependent students whose parents are denied a PLUS loan. Contact us for interest rate information.

$2,000 for each student.

An additional $4,000 (Fr. & So.) and $5,000 (Jr. & Sr.) for independent students.

Submit FAFSA. Unsubsidized Direct Loans are awarded if a student does not qualify for Subsidized.

Federal Parent plus Loan for Undergraduate Students

All dependent students. Not need based. Parents borrow on behalf of students. Interest is not subsidized.

Loan fees apply. Contact us for interest rate information.

Up to the cost of attendance, minus any other financial aid.

private Alternative Loans

All students. Not need based.

Student loans made through a lending institution. Normally Up to the cost of attendance, requires a cosigner. Loan features, minus any other financial aid. interest rates and payment terms will vary by applicant.

work study

Submit FAFSA.

Submit FAFSA and apply at studentloans.gov.

Search for lenders online at elmselect.com.

99% of corban students receive financial aid

program

Eligibility & Features

Federal Work Study

Based on need from the FAFSA. We will notify you in your award letter if you are eligible for Federal Work Study, or you may contact the Financial Aid Office. The Career Services Office can provide information about available jobs.

4

financial aid award letter

5

funding & paying the balance

Receive your Financial Aid Award letter after December 1.

Once you receive your award letter you can view your award information, as well as complete needed forms or accept any pending financial aid offers at aid.corban.edu.

Here are some ways that Corban students fund the remaining balance after financial aid:

Family help:

Tax credits:

• Parents

• American Opportunity Tax Credit can be as much as $2,500

• Grandparents

(parents or student must qualify)

• Other relatives or family friends

• Lifetime Learning Tax Credit can be as much as $2,000

Student income:

• To learn more about these and other tax benefits visit: finaid.org/otheraid/tax.phtml or irs.gov

• Saving during high school (part-time job, allowance, graduation gifts) • Summer jobs (average income for returning students is $4,400 each year) • Part-time job at Corban (can earn more than $2,500 each year working 10 hours/week)

Additional Loans: • Contact our Financial Aid Office at 503-375-7006 or financialaid@corban.edu

Payments or payment plan arrangements are due on or before the due date for the term that you want to attend.

Pay in full: With this option, tuition and fees not covered by scholarships, grants and loans are due prior to the start of each semester.

Monthly Payments: With this option, you can begin making payments as early as May. Contact Financial Services to arrange a payment plan.

6

reserve your place To secure your place at Corban, be sure to pay the following deposits by May 1: $200 Tuition Deposit

$100 Housing Deposit

Deposits may be paid...

Online: go.corban.edu/deposit

By Phone: 1-800-845-3005

By Mail: 5000 Deer Park Drive SE, Salem, OR 97317

We can help you repay your student loans!

1. The Corban Promise provides significant loan repayment assistance for students who attend and graduate from Corban University.

2. Students must be employed after graduation to qualify for assistance.

3. Graduates with incomes below $40,000 will qualify for assistance. a. If your income is less than $20,000, you will be eligible for 100% reimbursement of your loan payments. b. If your income is between $20,000 and $40,000, proportional assistance is provided. For example, if your income is $30,000, you will be reimbursed for half of your loan payments.

c. Assistance continues until your income surpasses $40,000 or your loans are repaid entirely.

The Corban Promise provides a safety net that helps ease the burden of educational loans. Incoming freshmen and transfer students* will be automatically enrolled, free of charge, in Corban’s loan repayment assistance program. The Corban Promise is simple: if your income after college graduation is low, we can help you repay your loans. *Some exclusions apply.

The Corban Promise covers all student loans types: • Federal Student loans • Private alternative student loans • Parent PLUS loans Other conditions apply.

The Corban Promise

Please contact us for more information or visit: undergrad.corban.edu/thecorbanpromise

CORBAN UNIVERSITY OFFICE OF ADMISSIONS 5000 DEER PARK DRIVE SE SALEM, OR 97317 ADDRESS SERVICE REQUESTED

ignite your passion. engage your world.

If it is your goal to attend Corban, it is our goal to help you finance it. Financial aid counselors are available to help you through the process. Please contact us for assistance.

Call: 1-800-845-3005 Email: financialaid@corban.edu Visit: undergrad.corban.edu/tuition-aid Corban University