Making college affordable: more assistance available for families

Union College understands the current economic climate is challenging families and wants to be as helpful as possible and still be fiscally responsible with the resources God has entrusted to the college. Here are some ways Union is helping families for the 2010-2011 school year.

Up to $1,977 Savings Available for Eligible Residence Hall Students

Union College is offering a 25 percent residence hall discount to students who meet certain criteria. This discount is offered to two groups of students:

First, students who are 22 years of age by September 10, 2010, are automatically eligible to receive the following benefits:

  • 25 percent discount on residence hall charges (Saves 837!)
  • Single occupancy room (when available) for double occupancy rate (Saves $1,140!)
  • No curfew (Sign-in/out and overnight leave form still required.)
  • No cafeteria minimum
  • Reservation privileges for Rees Hall kitchen/basement area for socializing
Second, students who are 21 years of age by September 10, 2010, and who have a 3.0 GPA, senior status, and have met appropriate citizenship and worship expectations, are eligible to receive these benefits:
  • 25 percent discount on residence hall charges (Saves $837!)
  • Single occupancy room (when available) for double occupancy rate (Saves $1,140!)
  • No curfew (Sign-in/out and overnight leave form still required.)
  • Reservation privileges for Rees Hall kitchen/basement area for socializing

Eligible students contact Student Services for more information and to sign an agreement.

Economic Downturn Assistance Fund Created

Union College has established the Economic Downturn Assistance Fund and set aside $100,000 to help families who have been directly and significantly impacted by the economic downturn. Students may be eligible to receive money from this fund if a family member has lost a job or family income has declined significantly because of the economic decline. This money is a one-time grant available on a first-come, first-served basis with preference given to full time students. Appropriate documentation will be required. Apply by completing the Economic Downturn Assistance Fund application available in Student Financial Services.

Union College Grant Made Available to All Students

Union College has made the need-based Union College Grant available to all full-time students who qualify. This grant is awarded to students based on financial need as determined by the FAFSA. Eligible families can receive as much as $3,000 per school year ($1,500 per semester). All families who complete a FAFSA for the 2010-2011 school year by the deadline of August 31, 2010, will be automatically packaged with this grant if eligible.

Increase in Transfer Student Scholarships

Union College is increasing scholarships for transfer students. Students who received a transfer scholarship during the 2010-2011 school year will be eligible for 100-percent renewal of the scholarship (instead of only 50 percent) as long as their cumulate GPA is above 2.0 and they are enrolled in 12 or more hours per semester.

New students transferring to Union in 2010-2011 can receive the following merit scholarship:

  • $3,500 for students with a 3.25+ cumulative college GPA
  • $2,500 for students with a 3.0-3.24 cumulative college GPA

This scholarship is 100 percent renewable as long as the student’s cumulative GPA is above 2.0 and they are enrolled 12 or more hours per semester at Union.

Yellow Ribbon Program for Post 9/11 Veterans Available

Union College is participating in the Yellow Ribbon Program which offers assistance to post 9/11 military veterans. This program allows eligible participants to receive matching funds from Union College and the Veterans Administration in addition to funds already received from the GI Bill. Contact the Veterans Administration for details.

Take Advantage of the new PLUS Loan Deferment Program

Union College families who have a PLUS loan can apply for deferment while the student is in school. Eligible families may have their monthly payment reduced or delayed for a determined amount of time. Contact your lender for specific eligibility requirements.

PELL Amounts Increased

Union College students who typically qualify for a PELL grant should see an increase in their award in the 2010-2011 school year. In addition, more students should qualify for a Pell Grant in 2010-2011 than in previous years. The exact amount is determined by the Free Application for Federal Student Aid (FAFSA).
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