Financial aid and scholarships
ESR provides both merit-based and need-based financial aid to assist students in meeting their education expenses, and to encourage full-time participation. Financial aid is available to degree-seeking and certificate students. Non-degree students, including those pursuing a certificate, are not eligible for Title IV funds (Federal Student loans and grants).
Types of aid available to ESR students include scholarships, discounts, loans and need-based aid, as well as non-ESR aid. We also provide some additional financial resources for current students.
NEED-BASED AID
Need-based aid is available to all degree-seeking students taking a minimum of six credits per session (3 credits for certificate students) who have not been awarded any other full-tuition scholarship. Need is calculated from information provided by the student on their FAFSA.
Except in cases of exceptional need, need-based aid covers up to 50% of tuition for degree-seeking students.
LOANS
Through Earlham College, ESR participates in the Federal Direct (Stafford) Loan Program. The Federal Budget Control Act of 2011 limits graduate students to Direct Unsubsidized and GradPLUS loans. FSA loans are used by students to cover Cost of Attendance expenses, such as Tuition and Fees, rent, food, insurance, and certain other personal expenses as defined by the Department of Education.
Before applying for FSA loans, ESR counsels students to carefully consider their ability to repay loans, based on expected future income and other factors. The Business Manager can assist you in this determination. Students who request FSA loans must complete the Federal on-line Entrance Counseling process, and ESR’s “A Guide to Thoughtful Student Debt Planning” video series, both of which provide detailed information on receiving and repaying FSA loans. The student must also electronically sign a Master Promissory Note and participate in the Developing Financial Acumen Workshops.
A student’s Cost of Attendance and total credit hours covers any or all parts-of-term in which the student takes classes, including 2-week and weekend Intensives, full-semester and full-year classes and summer CPE courses. All FSA loans are disbursed in two payments. If the loan covers the full academic year, those two disbursements come at the beginning of each semester. If the loan is for one session only, the first disbursement is at the beginning of the semester, and the second at the half-way point of the semester, mid-October, or mid-March.
If the student has requested loans in an amount that exceeds tuition and fees, that amount will be refunded to the student to use for those living expenses detailed on their Financial Aid Application Budget Worksheet. Refund checks are issued within 14 days of the loan disbursement. If a student requires a small advance for books and supplies, they should see the Business Manager.
Loan amount: Using Department of Education guidelines, the Business Manager determines the amount for which a student is eligible. Calculations are based on information received on the student’s ESR Financial Aid application and FAFSA. The student may request all or part of the eligible amount, which is disbursed to the student’s account in equal payments at the beginning of each Session. The Unsubsidized Loan maximum per year is $20,500; GradPLUS loan amounts vary according to a student’s financial need.
Eligibility: FSA loans are available to all degree-seeking students enrolled in at least 6 credits per session. FSA Loans can be used for living expenses after tuition and fees have been deducted.
NON-ESR AID
ESR encourages students to utilize all other resources of financial aid. The Business Office will cooperate with outside agencies to coordinate aid. For confidentiality reasons, a written request from the student is required before ESR will release a student’s aid application, or information contained therein, to an outside agency. Some sources students should explore are denominational support, family support, and non-ESR scholarships.
ADDITIONAL FINANCIAL RESOURCES
Beyond financial aid for tuition and fees, ESR students also have access to the following financial resources during their time as students.
In support of student self-care, ESR offers up to $25 per session for three sessions of spiritual direction annually. A list of available spiritual directors may be found here. Reimbursement processes may be found here.
A $500 matching investment grant is available to degree-seeking students who complete the Financial Acumen Workshops, made possible through a Lilly Endowment grant. Funds must be used for retirement purposes. A form to request these funds may be found here.
Questions?
Questions about the types of aid available to you? Contact our Business Manager to discuss your options.
Happening on campus
Mental Health First Aid Training & Certification (Virtual)
Time: 9:00 amMental Health First Aid (MHFA) Training teaches you how to identify, understand and respond to signs of mental health and substance use challenges among adults.
Mental Health First Aid Training & Certification is taught by Kelly Burk, a certified trainer.
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Sing a New Hymn
Time: 7:00 pmJoin us as we explore new directions with hymns inspiring seekers and Quakers today. Amy Duckett Wagner leads this engaging session. Register & find out more at https://SingaNewHymn.eventbrite.com! Learn about…
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Beyond Consensus: Discerning the Mind of Christ Clerking Meetings of the Society of Friends (Workshop with Dave Goff)
Time: 7:00 pmThis workshop led by Dave Goff explores the basics of clerking a meeting within the Society of Friends. The primary focus is clerking committee meetings, but the principles can be used at all levels of Quaker business. These principles of discernment are effective whether one is clerking at the Monthly, Quarterly, or Yearly Meeting level or beyond.
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Mental Health First Aid Training & Certification
Time: 9:00 amMental Health First Aid (MHFA) Training teaches you how to identify, understand and respond to signs of mental health and substance use challenges among adults.
Mental Health First Aid Training & Certification is taught by Kelly Burk, a certified trainer. There are only 30 seats available for this in-person opportunity. Fee of $150 includes the interactive workshop, course certification, lunch, and resource materials for each attendee to keep.
Mental Health First Aid Training & Certification is taught by Kelly Burk, a certified trainer.
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Sing a New Song
Time: 7:00 pmJoin us as we come together to discern how we are being called to follow the biblical & spiritual imperative to “sing a new song” – whether literally or metaphorically. Join QLC to engage in music ministry and the “musicality of ministry” with Nate Macy & Melinda Wenner Bradley @ ESR in Richmond IN. Register & find out more at QLCSingANewSong.eventbrite.com!
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