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Rivendell College is committed to helping students and their families
meet the financial cost of earning a certificate, diploma, or degree
from Rivendell. Costs associated with attending school include tuition,
housing, board, books, and transportation. Generous financial aid is
available to qualified students.
For detailed financial aid and cost information, download this .pdf file: 2008-2009 FINANCIAL INFORMATION
2008-2009 Quick Guide to Financial Aid
A degree-granting learning community rooted in the
rich intellectual heritage of the Christian tradition, Rivendell College exists
to equip students with the knowledge and skills necessary to fashion a well-reasoned
vision of life and become people of character and influence who are prepared
for meaningful, productive service to the world.
What is
Financial Aid?
Financial
Aid is money given to students and parents for the purpose of helping families
cover educational expenses. Educational expenses can include both costs
directly associated with schooling (tuition, fees, and books) and the personal
living expenses associated with attending school (housing, food, and
insurance).
How
many kinds are there?
There
are several different types of financial aid for which students may apply. The three basic categories are scholarships,
grants, and loans.
- Scholarships are usually
merit-based awards given for achievement in academics, sports, or various types
of service. Students don't pay back scholarships.
- Grants are usually
given on the basis of financial need and don't have to be paid back. Both schools and the federal government can grant students financial aid money.
- Loans are sometimes
given according to need, and other times according to requested amount. Loans
ALWAYS have to be paid back. The two major loan categories are private loans
(from banks) and federal (from the government).
Types
of Rivendell College Financial Aid
Students
accepted to study at Rivendell College may apply to receive the following types
of Rivendell Financial Aid, full descriptions of which may be found on the
Rivendell College website:
Degree Students
- Rivendell
Merit Scholarships
-
High
School Youth Ministry Service Scholarships
-
University
of Colorado Div. Cont. Education Scholarships
Guest Students
-
Certificate/Diploma
Program Tuition Reduct Scholarships
-
Continuing
Education Program Financial Aid
-
Time-Out
Program Tuition Reduction Scholarships
Who is
eligible?
To
be generally eligible to receive financial aid at Rivendell College, a student
must:
- Have
a High School Diploma or the equivalent
-
Be
accepted to study in a program at Rivendell College
-
Be
a U.S. citizen or eligible non-citizen
-
Be
enrolled at least half-time if a degree-seeking student
-
Be
or remain in good standing with the College
-
Make
satisfactory academic progress (in case of renewal of merit-based scholarships)
How is
aid awarded?
1. First,
students must submit the applications
for the aid for which they wish to be considered. Applications for all Rivendell scholarships,
grants, and tuition reductions can be found on the Rivendell College website at
www.rivendellcollege.org.
2. The
next step is evaluation of applications by the Rivendell College Financial Aid
Committee (FAC), which holds three regularly scheduled meetings per semester to
award aid.
3. After
the FAC makes its decisions, students are notified by being sent a Financial
Aid Award Letter by mail or email.
4. To
confirm acceptance of the aid listed in the letter, the student must sign and return the Financial
Aid Acceptance Notice by mail or email.
When Do
I get it?
If
you receive money from a source other than Rivendell College, you will have to
contact that source to find out. If you
are receiving financial aid through Rivendell College, the amount on the award
letter will be credited toward your student bill as soon as the bill is
generated.
What
about Work Study?
Financial
Aid at Rivendell College does not include work-study. However, some part-time work opportunities
may be made available to qualified individuals through the Office of Student
Affairs. Pay for work performed is
delivered directly to students.
Other
Kinds of Aid
Federal Loans
& Grants
Right
now, Rivendell College students may not apply to receive federal aid. However, Rivendell is seeking approval for
Title IV Federal Funding. As soon as this approval has been granted, students
may apply for federal funding by submitting the Free Application for Federal
Student Aid (FAFSA) and entering Rivendell's federal school code on the FAFSA.
Private
Scholarships Grants
Private
scholarships are provided by organizations other than Rivendell College. The
organization sponsoring the scholarship selects the recipient and sends the
funds to the College on behalf of the recipient. Because federal regulations do not permit students to receive financial
aid over their cost of attending Rivendell, all scholarships must be reported
to Rivendell College.
Private Loans
While
Rivendell College is in the process of securing Title IV Federal Funding,
students are encouraged to explore the possibility of private loans. See, for
instance, the following websites.
Cost
Calculator:
The
following information may be used to estimate
the cost of attending Rivendell College for the entire 2008-2009 school year:
Tuition
and Fees $17,500
Rent & Food Allowance $6,500-9,000
Books
& Supplies $500
Transportation $1,200
Health
Insurance $384-690
Personal
Expenses $2,500
$28,584-$31,390
Why applying for Financial Aid is important to you!
1) To date, 100% of full-time Rivendell College students have
received financial aid.
2) In 2007-2008, the average full-time
on-campus Rivendell Student received over $12,000 in tuition discounts
alone.
3) Rivendell College is committed to provide quality education at a price you can afford.
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