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General Description
Requirements
Policy Provisions
Performance Evaluation
Subject Experts
Types of Assistance
Policy

Document Number: SFS--116 Revision #: 1.0
Document Owner: Executive VP Date Last Updated: 04/03/2013
Primary Author: Executive Director of Enrollment Services Status: Approved
Date Originally Created: 11/30/2011

General Description
Description:

Information about types of financial assistance to students.


Purpose:

Delineation of policy.


Scope:

Students


Responsibility: Student Financial Services

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Requirements
Relevant Knowledge: In order to comply with this policy you should know:
Current University policy
Federal statutes
Standard company policies
Standards of good practice
State statutes
Local statutes

Terms and Definitions: Additional training

Corrective Action

Loss of privilege, general

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Policy Provisions
1.

Types of Assistance


The majority of financial assistance is offered in the form of an award package comprised of aid from one or more of four base sources: scholarships, grants, student employment, and/or loans. In addition, some students receive aid from outside sources. Financial aid is awarded on an academic year basis. Cumberland University defines an academic year as 32 weeks consisting of a fall and spring semester. Institutional aid is only available during the academic year.   Cumberland offers the following types of aid for students.

 


1.1

Academic Scholarships


Academic Scholarships are awarded to students who have a minimum 22 composite on the ACT or 1020 SAT critical reading and mathematics combined score and a minimum of a 3.00 GPA. Restrictions: Full-time student status and maintain a minimum cumulative 3.00 GPA.

 


1.2

Leadership Scholarships


Leadership Scholarships are awarded to new incoming freshmen based upon their leadership potential, involvement in school activities, and community service. Three letters of recommendation from guidance counselors, faculty members, administrators, teachers, or community leaders are required, along with highlighting your leadership qualities. Applicants must have a minimum of a 22 on the ACT and a 3.25 cumulative GPA to be considered. Restrictions: Maintain a 3.0 cumulative GPA and continued leadership qualities and participation on campus are required. Deadline: April 1st.

 


1.3

Ernest L. Stockton, Jr. Scholarships


Ernest L. Stockton Jr. Scholarships are awarded to students who hold a university parallel associate's degree from an accredited two year college with a minimum of 2.50 cumulative GPA. Restrictions: Full-time student status and maintain a minimum 2.75 cumulative GPA on courses taken at Cumberland University. Ernest L. Stockton, Jr. received the Bachelor of Arts degree in 1939 and the Doctor of Laws (honoris causa) in 1958 from Cumberland University. He served as the institution?s 18th President from 1958 to 1982.

 


1.4

Transfer Student Scholarships


Transfer Student Scholarships are awarded to transfer students with a 3.10 or higher cumulative GPA in prior college course work and who have completed a minimum of 30 semester hours. Restrictions: Full-time enrollment status and maintain a 3.00 GPA.

 


1.5

Trustee Scholarships


Trustee Scholarships are awarded to incoming freshmen in the top five percent (5%) of their graduating class and who have a cumulative GPA of 3.50 and a minimum 30 composite on the ACT or a 1330 on the SAT critical reading and mathematics combined score. Restrictions: Full-time student status, maintain a minimum 3.50 cumulative GPA.

 


1.6

Valedictorian/Salutatorian Scholarships

 


Valedictorian/Salutatorian Scholarships are awarded to any valedictorian or salutatorian who is a graduate of an accredited high school and who has a minimum of 24 composite on the ACT, or 1090 on the SAT critical reading and mathematics combined score, and a minimum of 3.50 cumulative GPA. Restrictions: Full-time student status and maintain a 3.50 cumulative GPA.

 


1.7

Athletic Grants


Athletic Grants at Cumberland University support intercollegiate athletic teams in various sports for men and women. Athletic Grants are available for some, but not all, of the sports depending on the division in which the University participates. Awards are based on need and/or talent. Students must meet the NAIA requirements, as well as the Cumberland requirement of a 2.00 cumulative GPA.

 


1.8

Employee Grants


Employee Grants are awarded by Cumberland University in the form of tuition remissions for full-time employees with one or more years of service. See the Office of Financial Assistance for details.

 


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

Consequences: Further training
Loss of privileges

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Subject Experts
The following may be consulted for additional information.
Executive Director of Enrollment Services

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