FINANCIAL POLICIES & EXPENSES

An education at Campbellsville University is made possible as a service by sacrifice, strict accountability, endowment income, substantial gifts and grants to the operating funds of the University from the Cooperative Program of the Kentucky Baptist Convention, businesses, alumni, and friends. The cost of an education at Campbellsville University is among the lowest in private senior colleges in the nation. It also compares favorably with the total expenses at state and municipal institutions.

Statements about expenses and financial assistance will be printed in various University publications. The University reserves the right, however, to make necessary changes in the various programs and fees of the University as circumstances, sound business, and educational philosophy and practices may dictate.

When does the student pay his/her account? All accounts are payable in advance. A student is not officially registered until his/her account is paid in full. Any exceptions to this policy MUST be arranged with the Office of Business Services prior to registration. Transcripts will not be released if there is an unpaid student account.

BUSINESS SERVICES PAYMENT POLICY
Enrolling at Campbellsville University contractually obligates the student and benefactor(s) to pay all tuition and fees associated with each course for the entire semester. All accounts are payable in advance and must be paid by the deadline set forth by the Institution to avoid a late payment fee. Enrollment for a term is complete upon receipt of full payment by the University’s Office of Business Services.

HEALTH INSURANCE PAYMENT POLICY
Students who do not have or do not verify their own health insurance coverage upon enrollment at the University will be enrolled in its own student health insurance plan at the student’s expense. Full details regarding this are explained in the Student Services section of this catalog. The student enrolling in the fall semester will be billed for coverage for the entire year. The student enrolling in the spring semester will be billed for coverage that is in effect for the spring and summer terms. Payment of health insurance fees is due the first semester of enrollment in the academic year.

REFUND, WITHDRAWAL AND DROP POLICY
Students should be aware that all federally funded Title IV programs are administered according to specific program guidelines and regulations. A student’s eligibility for future federal financial aid can be adversely affected by dropping classes and withdrawing from the University after financial aid funds have been disbursed based upon a particular enrollment status. This is particularly true for the grant programs that have limitations placed upon the number of semesters assistance can be received.

The completion of registration contractually obligates the student and his/her benefactors to pay all his/her tuition and fees for the entire semester. However, the University has established a withdrawal and refund policy so that the University and student may share the loss equitably when it is necessary for a student to withdraw. In addition to using our institutional refund calculation, students receiving Title IV aid will have a pro-rata or federal refund calculation completed. The calculation that gives the student the greatest refund will be used.

Dropped Class Policy
There will be no partial refunds for dropped classes. Students who drop individual classes before the published last day to register “census date,” will receive no grade and a full refund. Classes dropped after this date will receive a grade and no refund. When students drop all their classes they have withdrawn and the withdrawal refund policy is applied. Adding a second eight-week course even after dropping a class may result in additional tuition charges.

Institutional Refund Policy
1. Fees are non refundable.
2. Tuition and Room/Board will be refunded according to the schedule below based on the withdrawal date:

When a student has financial aid other than student employment and withdraws during the time that a tuition refund is due, the student is eligible to keep the same percentage of aid that they are charged for tuition. The remaining aid is refunded to the financial aid programs.

The pro-rata refund policy and federal refund policy guidelines can be found in Federal Student Financial Aid Handbook located in the Office of Financial Aid.

 *The Official Withdrawal Date is the last day of class attendance. It is the University's policy for a students to complete and return the Student Withdrawal form to the vice president for academic affairs within seven calendar days of the last of class attendance. Failure to follow the withdrawal policy will result in a $100 Charge and the grade of "F" issued in all courses. Exceptions will be granted only in documented cases of extenuating circumstances.

FINANCIAL ASSISTANCE (FINANCIAL AID)

GENERAL POLICIES
Financial aid at Campbellsville University is a cooperative investment in youth and focuses on the student as an individual. The programs are intended to remove the financial barrier from students who are unable to pay, to ease the financial burden for those who are more able to pay, and to manifest a special commitment to disadvantaged students.

At Campbellsville University, the actual amount of the financial aid award is determined primarily by the student’s financial need. "Need" is defined as "Cost of Education" minus "Family Contribution." The type of assistance a student receives is determined by both need and qualification (i.e., academic achievement, character, and future promise).

APPLICATION FOR FINANCIAL AID

1. Submit an APPLICATION FOR ADMISSION. Upon receipt of this application, the Office of Admissions will send a packet of financial aid information. Included in the packet will be a Free Application for Federal Student Aid (FAFSA) form. This form must be completed and processed before eligibility for financial aid can be determined. The priority date for filing these forms is April 1. APPLICATIONS RECEIVED AFTER THIS DATE WILL BE AWARDED FINANCIAL ASSISTANCE BASED ON THE AVAILABILITY OF FUNDS.

2. Returning students are required to complete the FAFSA for each academic year in which they wish to be considered.

3. Applicants may be required to provide supportive documentation such as Internal Revenue Service report (1040, 1040A, or 1040EZ) for their parents and/or student depending upon dependency status. Untaxed income may also require verification by the federal government.

4. Students are required to maintain measurable satisfactory academic progress to maintain financial aid eligibility.

FEDERAL AND STATE PROGRAMS

FEDERAL AND STATE POLICIES
Federal policy prohibits the University from over-awarding federal or state dollars. Therefore, the University may adjust scholarship amounts if federal aid is involved in order to achieve the best possible aid package.

FEDERAL PROGRAMS

Pell Grant
Demonstrated need based on FAFSA

Academic Competitiveness Grant (ACG)
Student must be eligible for Pell Grant and have completed a rigorous high school curriculum

Supplemental Educational Opportunity Grant (SEOG)
Demonstrated need based on FAFSA; Full-time students

Perkins Loan
Demonstrated need based on FAFSA; Repayment begins 9 months after graduation
Loan amount: Varies

Parent Loan for Undergraduate Student (PLUS Loan)
Demonstrated need based on FAFSA; Repayment begins 90 days after loan disbursement
Loan amount: Varies (Cost of Attendance – Financial Aid Offer = PLUS Loan) 

Federal Direct Loan 
Demonstrated need based on FAFSA; Repayment begins 6 months after student enrolls full-time
Loan amount: Varies

Work-Study
Demonstrated need based on FAFSA and desire to work part time

STATE PROGRAMS

Kentucky Tuition Grant (KTG)
Demonstrated need based on FAFSA; Full-time students

College Access Program
Demonstrated need based on FAFSA; Pro-rated for part-time students

Kentucky Educational Excellence Scholarship (KEES)
Demonstrated need based on FAFSA; See KHEAA brochure for details


CAMPBELLSVILLE UNIVERSITY SCHOLARSHIPS AND GRANTS

Scholarship value limitations: If a student received combined scholarships equal to half-tuition or more, he or she may not be eligible for additional institutional scholarships.

Presidential Excellence Scholarship  Renewable 3 years with required GPA of 3.5
Competitive scholarship, open to students who have a 33-36 on ACT / 2170-2400 and 3.5 GPA
1 Scholarship up to full tuition, room and board
Deadline: December 1

Presidential Scholarship  Renewable 3 years with required GPA of 3.2
Competitive scholarship, open to students who have a 30-32 on ACT / 1980-2160 and 3.5 GPA
Up to 5 full-tuition scholarships
Deadline: December 1

Academic Scholarship  Renewable 3 years with required GPA of 2.8
Scholarship awarded to freshman students based on combination of GPA, Class Rank, and ACT / SAT
Scholarship amounts: Varies based upon requirements. $2,500 - $6,500

Governor’s Scholar Scholarship  Renewable 3 year with required GPA of 3.0
Competitive scholarship awarded to students who have participated in the Kentucky Governor’s Scholars Program; application is required and will be awarded to students based on GPA, ACT/SAT, and quality and content of essay; Minimum GPA of 3.5 and 25 ACT / 1720 SAT
Up to 5 full-tuition scholarships
Deadline: December 1

Transfer Student Scholarship  Renewable annually with required GPA of 3.0
GPA will be calculated on the last college attended
For transfer students from accredited colleges:
Students with GPA 2.0 – 2.499  $3,000
Students with GPA 2.5 – 3.499  $4,000
Students with GPA 3.5 – 4.0  $5,000

Baptist Leadership Award   Renewable annually with required GPA of 2.0 and service to campus offices
For high school seniors nominated by their Baptist pastors; evaluated upon Church Commitment, achievements, and leadership in community, school, and church
Scholarship amounts: 2 Half-tuition scholarships – 15 $1,000 scholarships – 45 $500 scholarships
Deadline: December 1

Christian Service Scholarship  Renewable annually
For students whose parent serves in a full-time paid Christian ministerial position
Scholarship amount: $1,700

Church Matching Scholarship   Renewable annually
For full-time students, the university will match an amount up to $200 provided by the student’s church, fellowship, or assembly, making the total scholarship up to $400
Scholarship amount: $200

Other Church-Related Scholarships
Christian Vocation Grants, High School Baptist Young Men’s Scholarships, Acteens Scholarship, Women’s Missionary Union Scholarship, Baptist Youth Speakers’ Tournament Scholarships, Missionary Kids’ Scholarships, and Opdyke Scholarships;

Performance Grants  Some renewable annually based upon student performance
Art, Drama, Journalism, Band and Music Grants based upon skills in these areas demonstrated during interviews and/or auditions
Scholarship amount: Varies 

Distinguished Youung Women Scholarship  Renewable annually
The winners, 1st Runner-up, 2nd Runner-up, as well as scholastic achievement winner scholarships are available on both the state and the county levels of competition
Scholarship amount: Varies

Athletic Performance Grants   Renewable
Based on student’s demonstrated abilities, leadership and potential to excel in men’s basketball, baseball, soccer, cheerleading, football, tennis, golf, cross country, track, and wrestling; and women’s basketball, softball, soccer, cheerleading, tennis, golf, cross country, track, volleyball, and swimming. Scholarship amount: Varies

Minority Scholarships   Renewable annually
General Association of Kentucky Baptists in Kentucky, Minority Teacher Education Scholarship, Minority Christian Ministry, and President’s Leadership Award. Contact the Office of Financial Aid for details
Scholarship amount: Varies

CU Grant 
Need-based grant; Eligibility determined by FAFSA
Amount: Varies

KEES Matching   Renewable annually based upon KEES renewal eligibility
Student must be a resident of Taylor, Green, Adair, Marion, Casey, LaRue, Hardin, Russell, or Pulaski Counties in Kentucky. Must be eligible to receive the KEES Scholarship and have a minimum 19 ACT / 1340 SAT
Scholarship amount: Up to $1,000


STANDARDS OF SATISFACTORY ACADEMIC PROGRESS TO MAINTAIN FINANCIAL AID ELIGIBILITY

Specific grade point averages are required to renew scholarships and grants each year. To continue to be eligible for all financial aid, a student must be making measurable satisfactory progress. Campbellsville University has defined "measurable satisfactory progress" for a student as follows:

A. The student must make the GPA needed for good standing as defined by the University bulletin-catalog.

B. Students must complete their bachelor’s degree within six academic years (an academic year equals two semesters plus summer session for full-time study or 12 academic years of part-time study (enrollment for 23 credits or less in an academic year) according to the following schedule:



The following will not be considered as credits successfully completed: "F" failing grades; "U" unsatisfactory; "I" incompletes; "W" – withdrawals, “WA” – Withdraw Absence.

If the student does not meet the requirements listed above, the student will be ineligible to continue receiving financial aid. However, the student can be reinstated in the financial aid program at Campbellsville University upon the completion of 12 additional hours in a regular semester or six in summer school with a 2.0 GPA.

RIGHT TO APPEAL
Determination of non-satisfactory progress may be appealed to the Financial Aid Committee. Any appeals must be written and submitted to the Chair of the Financial Aid Committee.