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financial, academic, and social challenges of college life, especially
for students who also happen to be parents, are being addressed
in a new loan program at Berea College announced by President Larry
D. Shinn.
The Marion Gruver Student-Parent Financial Assistance Program
will provide funds for the living, educational, and other expenses
that student-parents have in caring for their children. The new
low-interest loan, which is named in honor of Marion Gruver of
Dushore, Pa., recognizes Mrs. Gruver’s lifelong dedication
to education.
“Marion Gruver’s love, care, and concern for children
prompted us to honor her by establishing this endowed program.
All of us who know Marion Gruver benefit from her generosity
of spirit, and this program is a fitting tribute to a very special
woman,” Shinn said.
All Berea College students must demonstrate academic ability
and financial need, but student-parents, while eligible for some
government aid, have higher costs than other students. Students
with families at Berea may be recent high school graduates who
have a newborn child or thirty-year-old parents with grade school
children who are trying to finish their educations, but the common
denominator is their extremely high need for paying their own
expenses as well as costs related to rearing their children.
The College’s new loan program provides Berea’s
student-parents with several benefits. Rather than turning to
various federal loan programs, students with children receive
funds which they can repay later at very favorable, below-market
rates. Six months after the student is no longer enrolled in
a degree-seeking educational program, repayment begins with the
interest rate fixed at just half of the then-current rate for
the Federal Stafford Loan program or two percentage points less
than that rate, whichever is less. It is anticipated that in
its first year, the Marion Gruver Student-Parent Financial Assistance
Program will assist six to eight Berea students.
For the 2003-04 year, 60 students, or about 4% of Berea’s
enrollment, are student-parents. In addition to the new Marion
Gruver loan program, Berea’s initiatives to support student-parents
include child care services and 50 family apartments that are
part of Berea’s new Ecovillage.
Berea College is unique among institutions of higher learning.
Founded in 1855, Berea College was the first interracial and
coeducational college in the South. The College charges no tuition,
awarding the equivalent of a full-tuition scholarship to students
of high academic ability but limited financial resources. Rigorous
academic programs lead to Bachelor of Arts and Bachelor of Science
degrees in 28 fields. U.S. News and World Report consistently
ranks Berea as the top college in the South in its class.
All 1,500 students are required to work at least 10 hours per
week for the College as part of an atmosphere of democratic living
that emphasizes the dignity of all work. The College’s
primary service area is Southern Appalachia, but students from
more than 40 states and 65 countries make Berea a diverse learning
community. For more information visit the Berea College web site
at: www.berea.edu.
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