Scholarships,
Grants, Labor Earnings, and Loans
Scholarships and Grants
Scholarships and grants are monetary gifts for which repayment is not required. Some scholarship and grant monies defray the cost of tuition and essential school expenses; others are used for special purposes or programs. Many scholarships and grants are reserved for students who meet specific criteria. In addition to institutional scholarship and grant funds, Berea College participates in the following federal and state student aid programs: the Federal College Work-Study Program, Federal Perkins Loans, Federal Pell Grants, Federal Supplemental Educational Opportunity Grants, Federal Academic Competitiveness Grants, Federal SMART Grants, Federal Family Education Loan Program, State Student Incentive Grants, Kentucky College Access Grants, and Kentucky Educational Excellence Scholarships.
Charges
for Which the Student is Responsible |
| |
Fall* |
Spring |
Total |
| Board |
$1,279 |
$1,279 |
$2,558 |
| Room |
$1,467 |
$1,467 |
$2,934 |
| Fees** |
$238 |
$237 |
$490 |
| Technology Fee |
$150 |
$150 |
$300 |
| Books and Supplies*** |
|
|
$750 |
| Transportation*** |
|
|
$400 |
| Personal Expenses*** |
|
|
$1,350 |
| |
|
|
|
| Academic Year Total |
|
|
$8,782 |
| |
|
|
|
*Includes the January Short
Term
**Includes Health, $100; Student Activities, $50; Student Government Association, $10; Student Accident Fund, $20; The Pinnacle (student newspaper), $12; Chimes (yearbook), $28; Health Insurance,$270. Fees for courses that include laboratory sessions or special supplies are listed in course descriptions in this Catalog.
***Estimated additional costs for academic year 2007-2008. |
Labor Earnings
A crucial form of financial assistance at Berea College is available through the Student Labor Program, in which all students participate. Through the Labor Program, each Berea student earns a $4,000 Labor Grant that contributes to the student’s Cost of Education (tuition). In addition, the student is paid for the hours he or she works through the Labor Program. These labor earnings, in combination with the student’s earnings during the summer months, are used to pay
a portion of the student’s room, board, fees, and other educational expenses incurred during the academic year.
Berea College expects every student to save approximately $1,000 from summer earnings to assist with costs associated with attendance. While the College does not bill students for an additional $1,000 as a result of the summer savings expectation, some students choose to use their savings to assist with their Term Bill. Ideally, when the Term Bill obligation is met through the family’s contribution, the summer savings can be used to assist with indirect college expenses like transportation, supplies, personal and miscellaneous expenses. Jobs available on campus for those who wish to remain in Berea during the summer are paid at a rate sufficient to save approximately $1,000. However, some students find it easier to save summer earnings when living at home in a rent-free environment.
Loans
After all other forms of financial aid have been applied, remaining financial need often is met through the student loan program. This allows the student to borrow money at a below-market rate and does not require full repayment until 10 years after graduation. Berea participates in the Federal Perkins Loan Program and the Federal Family Education Loan Program.
|
 |
