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Even with relatively low tuition and other charges, the cost
of a college and university education can be a financial burden. The primary purpose of financial aid is to provide financial
assistance to Living University students who, without such aid, would be unable
to attend the University. The primary responsibility for assuming the cost of a
university education lies with students and often their families. As a
church-related institution the University seeks to assist qualified students
affiliated with the Living Church of God in meeting educational expenses through
its Regents Scholarships.
Regents Scholarships
A Regents Scholarship, which applies to tuition but not fees,
consists of a tuition reduction as set forth below. Eligibility requires
verification. An individual qualifying for one or more of these benefits may
choose the one which is most advantageous to him or her. Withdrawing from a
course up to and including the 10% or 25% point of a semester or other term
requires full repayment of Regents Scholarship funds. Living University
employees are not eligible for a Regents Scholarship but rather qualify for a
tuition reduction (see University Employee Tuition Reductions below).
Qualifying Categories
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Living Church of God elders, deacons and deaconesses,
including their spouses and their dependent children under the age 22, an
award of 50% of tuition charges for courses taken for credit or audit.
Eligibility must be certified in advance of the granting of the scholarship.
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Living Church of God members contributing to the Living
Church of God Assistance Fund as of the close of late registration for the
term in which registering, including their spouses and their dependent
children under the age 22, an award of 50% of tuition charges for courses
taken for credit or audit. Eligibility must be certified in advance of the
granting of the scholarship.
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Full-time regular employees of the Living Church of God, their spouses, and their dependent children under
the age 22, an award of 100% of tuition charges for courses taken for credit
or audit. In the case of the death of a regular full-time employee this
includes the surviving spouse. Temporary employees, such as student workers,
do not qualify for this benefit even though they may work full-time for the
Church during the summer or during University recess or
vacation periods. Eligibility must be certified in advance of the granting
of the scholarship.
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Part-time employees of the Living
Church of God, eligible for employee benefits and their spouses, an award of
100% of tuition charges for courses taken for credit or audit. Part-time
employees without benefits and temporary employees, such as student workers,
do not qualify. Eligibility must be certified in advance of
the granting of the scholarship.
Certification
The awarding of Regents Scholarships requires establishing
the eligibility of the recipients as follows:
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Eligibility of Living Church of God elders, deacons
and deaconesses, including their spouses and their dependent children under
the age 22, requires written verification by the Ministerial Services unit
of the Living Church of God.
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Eligibility of Living Church of God employees and
their qualifying dependents requires written verification by the
headquarters Human Resources Manager for the Living Church of God.
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Eligibility based on verification of contributions to
the Living Church of God Assistance Fund is obtained directly by the
University from the Living Church of God.
Tax Consequences
Regents Scholarships provided to full-time or
part-time employees of the Living Church of God, their
spouses or dependents, or Living Church of God elders, deacons or deaconesses,
their spouses or dependents, are normally taxable compensation and must be reported
as income on federal, state and city tax returns. Living Church of God
members receiving a Regents Scholarship by virtue of a contribution to the
Living Church of God Assistance Fund should reduce any income tax deduction for
the charitable contribution by the amount of the Regents Scholarship.
University Employee Tuition
Reductions
The University maintains a Qualified Tuition Reduction Plan
for its employees. Employees seeking to use this tax-free benefit should
refer to the procedures set forth in the faculty or staff handbooks. Student
workers are normally not eligible for a tuition reduction.
Loans
Living University does not participate in student loan
programs.
Institutional Work Study
Through this program the University and its principal sponsor
the Living Church of God offer a limited number of part-time student work study
positions to help undergraduate students to pay for a portion of their room,
board and tuition charges by working on-site.
An eligible applicant must be a full-time, matriculated,
undergraduate on-site student. These work study positions require a commitment
of 20 hours per week as well as a minimum cumulative GPA of 2.5. The hourly wage
for most beginning work study positions is the "minimum wage" rate for the state
of North Carolina. Work study supervisors will work with student class
schedules. There is no total earnings ceiling per academic year, however, the
norm is 20 work hours per week except for vacation and recess periods. There may
be, however, only limited student employment opportunities in the summer.
Positions are open regardless of financial need to those who
meet the University?s student employment eligibility requirements. Funding for
these positions comes directly from the University or the Church budgets and
positions are limited in number. This means some students may need to offset
their educational expenses using alternate methods.
Students not eligible for Institutional Work Study include those seeking a
credential, diploma or degree online; those registered in the Open University
Program; those seeking an additional baccalaureate degree at the University; and
those extending their baccalaureate degree programs beyond the traditional four
years.
Outside Agencies and Resources
Students are encouraged to utilize the Internet when
investigating possible financial resources for attending college and university. Some financial
aid websites containing information about grants, loans, work programs and
scholarships are listed below:
Nondiscriminatory Notice
Living University admits students of any race, color, and
national or ethnic origin. It does not unlawfully discriminate on the basis of
any status or condition protected by applicable federal or state law in the
administration of its educational policies, financial assistance, admission,
employment, educational programs or activities.
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