Office of Student Financial Services Newsletter November 2008 Emmanuel College is committed to offering a quality and affordable liberal arts and sciences education to its students. During this particularly challenging economic time, the Office of Student Financial Services is available to work with you on your individual needs and to offer the most current information on scholarships, grants and loans. Additional information is available on the Student Financial Services Conference on the FirstClass e-mail system.
Supplementing Educational Expenses: Scholarships & Grants
Investing in Your Future: Student & Parent Loans
Students and families are looking for creative ways to finance a college education. Make sure you are taking advantage of all the scholarship and grant options available: • Apply for Private Scholarships. Instructions and postings for private scholarships are available on the Student Financial Services Conference on FirstClass. Additional scholarship sources to consider are churches, local organizations, parents’ place of employment, or other clubs to which you or your family belong. Free scholarship search engines, such as www.fastweb.com and www.finaid.org, are excellent resources.
Pursuing a liberal arts and sciences education is a transformative experience. Just as one would borrow to invest in a home, borrowing is a common method of paying for an increasingly valuable higher education. To keep the cost of borrowing down, borrow first with federal loans, including the Federal PLUS Loan for parents, and then borrow with private lenders as needed. Despite media reports, private loans are available through solid lenders, for more information please visit www.emmanuel.edu and click on “Tuition & Aid.”
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Apply for Endowed Scholarships. A number of scholarship funds have been established at Emmanuel College through the generosity of alumni, friends, corporations and foundations. To review the available scholarships, please visit the Endowed Scholarship folder within the Student Financial Services Conference. The application deadline for Endowed Scholarships for the 2009-2010 academic year is March 1, 2009.
Did you know that under certain circumstances, the federal government will cancel all or part of an educational loan? This practice is called loan forgiveness. Loan forgiveness programs can help by canceling some, or all, of your federal student loan debt. If you qualify, loan forgiveness programs can lighten your financial burden. You may be eligible if you: • Engage in volunteer work
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Consider a Resident Assistant (RA) Position. Firstyear RAs receive a 75% discount on room and board and 100% in subsequent years.
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TEACH Grant. Those who pledge to serve at least four years as a full-time teacher in a school serving low-income students are eligible for this $4,000 grant.
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Perform military service
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Teach or practice medicine in certain types of communities
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Meet other criteria specified by the loan forgiveness program
To learn more about the educational and student life opportunities here at Emmanuel, visit our web site at www.emmanuel.edu. To subscribe to the College’s e-newsletter click on the “Subscribe to E-News” link on the homepage.