Taylor County students at CU receive nearly $8 million in financial aid

Nov. 23, 2010
For Immediate Release

By Christina Miller, office assistant

CAMPBELLSVILLE, Ky. – As the economic crisis looms over the entire country, parents of high school and college students are wondering how their children’s education is going to be paid for.

Campbellsville University strives to make an affordable education for all students, and financial records show that CU students from Taylor County received $7,928,762 in financial aid for the 2010-2011 year, according to Chris Tolson, director of financial aid at CU.

That figure includes institutional financial aid, endowed scholarships, state and federal financial aid, grants and student loans.

Campbellsville University awarded Taylor County students $2,646,080 in institutional aid (aid directly from the university) this semester.

“We are thankful to have a great number of students from Campbellsville-Taylor County,” Dr. Michael V. Carter, president of Campbellsville University, said.

“As evidenced by the amount of financial aid that these students are receiving from CU, we are fully committed to providing a well trained and educated work force in our community. There is a direct correlation between educational attainment and economic success – both for the individual and for the community. We are very fortunate to be located in a community where there is widespread support for CU and for the importance of educational achievement.”

The total amount of financial aid awarded to all CU students is $38,053,257, which includes $17,391,935 in federal aid, $5,454,084 in state aid, $13,990,411 in institutional aid and $1,216,827 in outside aid.

Campbellsville University also awards scholarships to students affiliated with the Baptist denomination. Kentucky Baptists received $5,528,083 while all Baptist students received $6,495,700.

“Campbellsville University is grateful for the $1.5 million in Cooperative Program funds that we have received in the past year from the churches of the Kentucky Baptist Convention,” Carter said.

“Our level of commitment to our Kentucky Baptist churches and students is evidenced by the fact that during the 2010-2011 academic year, CU is providing more than $5.5 million of institutional-funded financial aid for students coming from Kentucky Baptist churches. We provide an additional $1 million plus of institutional aid for other Baptist students – most of whom are coming from Southern Baptist churches out of state.

“Campbellsville University is committed to being a Great Commission institution by continuing to prepare Christian servant leaders who go out to the world to share the Good News of Christ in their chosen profession and field of study,” he said.

Campbellsville University offers academic scholarships ranging from $3,000 to $8,500. Academic scholarships are awarded to students based on ACT or SAT scores combined with their high school GPA and class ranking.

“The financial aid offered to Taylor County students has a direct impact on this community in several ways,” said Dave Walters, vice president for admissions and student services at CU.

“Campbellsville University is investing in the lives of our local students and families. That investment will provide tremendous dividends for them and their families for many years to come,” Walters said.

“That type of investment is also an investment into the community of Campbellsville and Taylor County. When you see all the Campbellsville University alumni serving in the community government, churches, school systems and local businesses in Taylor County, you begin to understand the impact of this investment.

“This investment into Taylor County benefits Campbellsville University every time we tell the success stories of Taylor County and its many opportunities,” Walters said.

Tolson said, “A college education is a major commitment and requires financial planning. We understand the significant value of investing in our local community and are committed to helping them pay for an education at Campbellsville University.”

Tolson said students and parents need to start the process by completing the Free Application for Federal Student Aid (FAFSA) application, which can be done online at www.fafsa.ed.gov. The 2011-2012 FAFSA will be available online Jan. 1, 2011.

“Our staff is trained and is ready to help answer any questions these parents or students may have,” Tolson said.

Campbellsville University is a widely acclaimed Kentucky-based Christian university with over 3,000 students offering 63 undergraduate programs, 17 master’s degrees and five postgraduate areas. The website for complete information is campbellsville.edu.

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