2019 Corban University Financial Aid Brochure

CORBAN UNIVERSITY FINANCIAL AID

SALEM, OREGON

HAVE YOU CONSIDERED… A Corban education is an investment in your future. When you choose Corban, you’ll earn a degree from an accredited, highly-respected Christian university that will equip you to make a difference in the world for Jesus Christ.

88% of Corban graduates earn their degree in just 4 years. 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.

99% of Corban students receive financial aid.

On average, Corban students receive $20,000

a year in scholarships

and grants, not including student loans.

See page 4 for details

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THE BOTTOM LINE Remember that scholarships, grants, and loans all help make a college education affordable. Don’t get stuck on the sticker price.

Average Financial Aid

Total cost

$28,330

$43,693 (2019-20)

(2018-19)

Cost Breakdown (2019-20)

$32,380

$10,316

$997

Tuition

Room and Board*

Activity Fee**

*Including our most popular meal plan **Activity fee covers events, services, laundry, intramurals, technology, and security.

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Let’s Get Started

1 APPLY FOR ADMISSION WWW.CORBAN.EDU

Then, follow these steps:

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Apply for Scholarships �������������������������������4

3

Fill out FAFSA ������������������������������������������������8

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Receive Financial Aid Award Letter ������12

5

Reserve Your Place �����������������������������������12

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Fund the Balance ���������������������������������������13

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2 APPLY FOR SCHOLARSHIPS GO.CORBAN.EDU/TUITION-AID

CALCULATE YOUR ACADEMIC SCHOLARSHIP! ACADEMIC SCHOLARSHIPS FOR FRESHMEN We automatically award scholarships to incoming freshmen who meet certain academic criteria. Use this calculator to determine how much your scholarship will be.

Test Scores

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SAT

ACT

CLT

Points

1570-1600

36

111-120

15

1490-1560

34-35

103-110

13

1390-1480

31-33

94-102

12

1300-1380

28-30

86-93

10

1200-1290

25-27

78-85

9

1100-1190

22-24

72-77

990-1090

19-21

64-71

+

High School GPA GPA

Points

4.0

15

3.9 - 3.99

13

3.8 - 3.89

12

3.7 - 3.79

11

3.6 - 3.69

10

7

3.5 - 3.59

9

6

3.4 - 3.49

8

3.3 - 3.39

7

3.2 - 3.29

6

3.0 - 3.19

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Add your test points to your GPA points. Then use this chart to find your annually-renewable academic scholarship!

=

Point Range

Scholarship

Amount

FOUR-YEAR TOTAL

26 - 30

Presidential

$17,000

$68,000

21 - 25

Provost’s

$16,000

$64,000

14 - 20

Dean’s

$14,000

$56,000

Director’s

$10,000

$40,000

Scholarships Awarded

Below 14

(But at least a 3.5 GPA)

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INTEREST-SPECIFIC SCHOLARSHIPS FOR FRESHMEN Scholarship McLaran Political Engagement (Political Science Majors) Corban Debate Team (All majors)

Dessieux Medical (Biology Majors)

Hoff Memorial Business (Business Majors) Sherman Memorial Business

Amount

Eligibility & Features

How to Apply

$16,000 $18,000

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.

Apply online Priority deadline: Nov. 1, 2018 Final deadline: Aug. 1, 2019

$16,000 $18,000

New freshmen with at least 1 year high school debate or speech experience, 3.6 Submit speech GPA and 1170 SAT or 24 ACT. Replaces & debate resume all other academic scholarships.

by Aug. 1, 2019.

Renewable for four years with a 3.0 GPA.

$16,000 $18,000

New freshmen enrolled as biology 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.

Apply online Priority deadline: Nov. 1, 2018 Final deadline: Feb. 1, 2019

Up to $10,000 over 4 years

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

Renewable.

Apply online Priority deadline: Nov. 1, 2018 Final deadline: Feb. 1, 2019

$1,250

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

Renewable.

Apply online Priority deadline: Nov. 1, 2018 Final deadline: Feb. 1, 2019

$1,500

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

Apply online Priority deadline: Nov. 1, 2018 Final deadline: Feb. 1, 2019

Varies

New freshmen with at least 1 year of drama/theatre experience.

Contact Admissions Counselor.

(Business Majors) Bilingual Educator Award (Education Majors) Theatre

SCHOLARSHIPS FOR TRANSFERS Scholarship Scholastic Award

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Amount $11,500 (3.3+ GPA) $7,500 (3.0-3.29 GPA)

Eligibility & Features

How to Apply

New transfer students. Renewable.

Automatically awarded

Chemeketa

$4,000

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

Provide Chemeketa transcript

Phi Theta Kappa

$1,000

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

Provide proof of membership by June 1, 2019

MORE SCHOLARSHIPS FOR ALL NEW STUDENTS Scholarship

Amount

Eligibility & Features

How to Apply

Athletic

Varies

Athletes selected by Corban coaches.

Replaces all other Corban aid.

Contact coach in sport

Music

Varies, up to $7,000

Music majors and participants selected by the Music Department.

Contact Music Dept.

Priority given before March 1, 2019

National Merit

$6,000

National Merit Finalists. Renewable.

Provide verification of standing

VISIT CORBAN Scholarship Visit Scholarship

Travel Grant

Amount

Eligibility & Features

How to Apply

$500

New students who visit the campus on a qualified visit as high school Schedule a juniors, seniors or transfers. Renewable. qualified visit at One-time (non-renewable) scholarship go.corban.edu/visit available for sophomores who make a qualified visit.

Up to $500

One-time reimbursement up to $500 of the cost of airfare for high school juniors, seniors or transfers making a qualified visit from outside Oregon or Washington. Applied to student’s account after enrolling at Corban.

Submit copy of airfare receipt by June 1, 2019

Apply EARLY for outside scholarships. Typical deadlines fall between Sept.

2018 - May 2019. Watch for #FinancialAidFriday Featured Scholarship suggestions on Corban’s social media, and consider these outside options:

Local High school counselors, community organizations, Chamber of Commerce

National fastweb.com

State

getcollegefunds.org (Oregon)

Private

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3 FILL OUT FAFSA Free Application for Federal Student Aid

Complete the FAFSA for 2019-2020 after October 1, 2018. You’ll use 2017 tax information.

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

FAFSA.GOV

CORBAN’S FAFSA CODE:

001339

GRANTS Grant Federal Pell Federal Supplemental Educational Opportunity Grant (FSEOG)

TEACH

Corban

Alumni

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Annual Amt.

Eligibility & Features

How to Apply

Based on need from FAFSA.

Submit FAFSA

$100-$4,000

Based on need from FAFSA. First come, first served.

Limited fund.

Submit FAFSA

Up to $4,000

Education majors with a 3.25 GPA (high school or college).

Must meet post-graduation requirements or it reverts to an Unsubsidized Direct Loan.

Submit FAFSA Visit teachgrant. ed.gov for more information

$500-$14,000

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

Submit FAFSA as soon as possible after October 1, 2018

$500

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

Automatically awarded when you notify Financial Aid

Up to $6,095 (for 2018-19)

Grant

Annual Amt.

Eligibility & Features

How to Apply

Sibling

$750 per sibling

For dependent students with a dependent sibling attending Corban.

Automatically awarded when you notify Financial Aid

Church Matching

Up to $500 per semester

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

Submit application by August 15, 2019

Christian Worker Dependent Need

$1,000

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

Submit FAFSA Provide documentation verifying parent employment

Corban Military

$500

U.S. military veteran or dependent of a veteran.

Renewable.

Submit FAFSA and a copy of Military DD214

Oregon residents. Based on need from FAFSA.

Submit FAFSA as soon as possible after October 1, 2018

Students who serve in church, school, and their community.

Renewable.

Apply online or by mail Priority deadline: Nov. 1, 2018 Final deadline: Feb. 1, 2019

Oregon Opportunity

DifferenceMaker

$3,200

(for 2018-19)

$500 - $1,000

WORK STUDY Corban has a variety of jobs available on campus for students. We will notify you in your award letter if you are eligible for Federal Work Study (based on need from FAFSA), or you may contact Financial Aid.

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LOANS Loan

Annual Amt.

Eligibility & Features

How to Apply

Federal Subsidized Direct Loan

Up to $3,500 (Fr.) $4,500 (So.) $5,500 (Jr. & Sr.)

Based on need from FAFSA. Payments start six months from last date of enrollment.

Interest is subsidized by the government while in school.

Small loan fee.

Submit FAFSA

Federal Unsubsidized Direct Loan

Up to $5,500 (Fr.) $6,500 (So.) $7,500 (Jr. & Sr.) in combined Subsidized and Unsubsidized Direct Loans

Available for all qualified FAFSA applicants. Not need based.

Payments start six months after last date of enrollment.

Interest begins after the first disbursement. Small loan fee.

Additional amounts available for independent students and dependent students whose parents are denied a PLUS loan.

Submit FAFSA

Federal PLUS (Parent Loan for Undergraduate Students)

Up to the cost of attendance, minus financial aid

All dependent students.

Not need based. Parents borrow on behalf of students.

Interest begins after the first disbursement. Loan fees apply.

Submit FAFSA and apply at studentloans.gov

Private Alternative Loans

Up to the cost of attendance, minus financial aid

Not need based. Student loans made through a lending institution. Normally requires a cosigner. Loan features, interest rates and payment terms vary by applicant.

Search for lenders online at elmselect.com

Subsidized loans: No interest while you’re in school.

Unsubsidized loans: Interest starts as soon as you borrow.

For information on current federal loan interest rates, visit

STUDENTAID.GOV

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4 FINANCIAL AID AWARD LETTER Receive your Financial Aid Award letter after December 1, once you have been admitted to Corban and filed your FAFSA. After you receive your award letter, you can view your award information, complete any needed forms, and accept pending financial aid offers at AID.CORBAN.EDU.

5 RESERVE YOUR PLACE Secure your place at Corban by paying your deposits by May 1:

$200

$100

Tuition Deposit

Housing Deposit

GO.CORBAN.EDU/DEPOSIT Or by mail:

5000 Deer Park Drive SE Salem, OR 97317 Deposits are refundable until May 1.

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6 FUNDING THE BALANCE Saving during high school, summer jobs, a part-time job during college, and gifts from family are all ways that help Corban students fund their remaining balance after financial aid.

We can also work with you to create a customized payment plan.

Options include:

1

Pay in Full: Pay early and be done! When paying in full,

tuition and fees not covered by scholarships, grants and loans are due prior to the start of each semester.

2

Monthly Payments: Plans can begin as early as May

3

Additional Loans: If payments are not an option for you,

to allow for a full 12 months of payments. They can also be combined with a partial down payment or loan. Submit a payment plan application at go.corban.edu/paymentplan.

or you need a partial loan to make your payments affordable, there are resources for you. Contact Financial Aid at 800-8453005 x7006 or financialaid@corban.edu for more information.

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MAKE A DIFFERENCE We believe in our mission at Corban:

“to educate Christians who will make a difference in the world for Jesus Christ.�

It is our privilege to equip you with the education and biblical foundation to make a difference through your career.

We are here to help you through the financial aid process and make your dream of attending Corban a reality. Please contact us anytime!

(800) 845-3005 admissions@corban.edu go.corban.edu/tuition-aid