Financial Assistance

Financial Assistance

Document Number: SFS--103 Revision #: 1.0
Document Owner: Executive VP Date Last Updated: 09/27/2013
Primary Author: Executive Director of Enrollment Services Status: Approved
Date Originally Created: 11/30/2011
General Description
Description: Information about financial assistance for all students.

Purpose: Delineation of policy.

Scope: Student Financial Services, Students

Responsibility: Enrollment Services
Student Financial Services
Relevant Knowledge: In order to comply with this policy you should know:
Federal statutes
Current University policy
Local statutes
Standard company policies
Standards of good practice
State statutes
Terms and Definitions: Additional training

Corrective Action

Loss of privilege, general
Policy Provisions
1. Financial Assistance

The goal of the financial assistance program at Cumberland University is to assist students who otherwise could not afford to attend the institution. Thus, Cumberland University maintains a comprehensive financial assistance program to assist students with their college expenses. The purpose of the financial assistance programs offered through the University is to supplement, rather than to replace, family and student resources, and the University expects families to assist to the greatest degree possible. These programs, which include scholarships, grants, loans, work study, and part-time employment, are awarded in various combinations and amounts to assist in meeting individual student needs. While the Federal government provides a substantial portion of Cumberland University financial assistance, the institution also receives funding from state agencies, individuals, and local organizations. All Federal financial assistance programs require the assessment of financial need based upon parents' and students' abilities to contribute toward educational expenses. The Free Application for Federal Student Aid (FAFSA) must be completed and submitted to the United States Department of Education by all students wishing to apply for Federal or State Aid.

Performance Evaluation
Performance Metrics: Compliance with standard policy and procedure
Compliance with federal mandate

Consequences: Further training
Loss of privileges
Subject Experts
The following may be consulted for additional information.
Executive Director of Enrollment Services