Admissions & Financial Aid Sources of Aid
Wabash College has a long tradition of offering one of the most generous scholarship programs of any college or university in the country. The extraordinary generosity of Wabash alumni and friends over the years has enabled us to maintain this outstanding merit scholarship program. Likewise, your potential support as a Wabash College alum will enable future generations of Wabash men to enjoy the same caliber of education that you are about to experience first hand. The information contained here should answer your basic questions about Merit Scholarships and our policies governing the same.
WABASH COLLEGE MERIT-BASED SCHOLARSHIPS
For Domestic Students Entering Wabash in 2016-2017
|Scholarship||Value||How to apply||Selection Criteria|
|Wabash College Lilly Awards||Tuition, fees, on-campus room and board each year. More than $195,000 over four years.||Apply for admission and submit the Lilly Award application by March 1.||Based on character, creativity, and academic accomplishment. Finalists interviewed on campus April 7-9, 2016.|
|Honor Scholarships||Up to $160,000 over four years; Up to full tuition per year.||Apply for admission and register for examinations by March 11, 2016.||Exams given on campus March 18-19, 2016. Students must be admitted by April 1, 2016 in order to receive an Honor Scholarship.|
|President's Scholarships||Up to $100,000 over four years; Up to $25,000 per year.||Complete application for admission by March 25, 2016.||Based on cumulative high school GPA, SAT and/or ACT scores, and class rank.|
|Dean's Scholarships||Up to $72,000 over four years; Up to $18,000 per year.||Complete application for admission by March 25, 2016.||Based on cumulative high school GPA, SAT and/or ACT scores, and class rank.|
|Fine Arts Scholarships||Up to $60,000 over four years; Up to $15,000 per year.||Apply for admission and submit the Fine Arts Scholarship application by March 1, 2016.||Excellence in the fine arts; creative writing, music, theater, visual arts. Finalists will audition/display work on campus March 17-18, 2016.|
|Alumni Awards||Up to $50,000 over four years; Up to $12,500 per year.||Complete application for admission by March 25, 2016.||Based on cumulative high school GPA, SAT and/or ACT scores, and class rank.|
- Students selected as Lilly Award recipients or who receive the largest Honor Scholarship are not eligible for additional Wabash Merit-Based Scholarships/Awards. Students selected to receive more than one of the other Wabash Merit-Based Scholarships/Awards will receive the monetary value of their highest award plus a maximum of an additional $1,000 to represent each Wabash Merit-Based Scholarship/Award of an equal of lesser monetary value.
- Wabash College is a member of the NCAA Division III. Consequently, we cannot consider athletic participation, ability, or leadership roles in the awarding of Wabash Scholarships.
- Free Application for Federal Student Aid (FAFSA) and CSS/PROFILE must be filed by February 15, 2016.
- CSS/Profile is only required for Early Decision applicants and must be filed by November 6, 2015.
|Federal Pell Grant||Financial need; Must file a FAFSA||Up to $5775||Does not have to be repaid|
|Federal SEOG||Financial need; Must file a FAFSA||$100 - $4000||Does not have to be repaid|
|Federal TEACH Grant||Must file a FAFSA||Up to $4000||Does not have to be repaid unless student fails to carry out required service obligation|
|Indiana Grants||Indiana resident; Must file a FAFSA||$600 - $10300||Does not have to be repaid; Required to meet completion requirements to renew awards|
|Wabash Grants||Based on financial need as determined by the FAFSA||Amount varies||Does not have to be repaid|
LOANS and WORK
|Federal Direct Subsidized Stafford Loan||Financial need; Must file a FAFSA||
Freshman - $3500
Sophomore - $4500
Junior/Senior - $5500
|Must be repaid with interest after graduation or separation from college|
|Federal Direct Unsubsidized Stafford Loan||Non-need based||
Freshman - $5500 (less any subsidized funds received for the same period)
Sophomore - $6500 (less and subsidized funds received for the same period)
Junior/Senior - $7500 (less and subsidized funds received for the same period)
|Must be repaid with interest; Additional unsubsidzed funds available for students deemed independent by the Department of Education|
|Federal Direct PLUS Loan||Must file a FAFSA||Up to total cost of attendance less other financial assistance received||Parent borrows on behalf of the student to cover expected contribution; Must be repaid with interest|
|Wabash College Subsidized Loan||Need based; Awarded on a limited basis||Amount varies||Must be repaid with interest after graduation or separation from the college|
|Private Loans||Non-need based||Up to total cost of attendance less other financial assistance received||Must be credit-worthy or have a credit-worthy co-signer; Must be repaid with interest|
|Federal Work Study||Must file a FAFSA||Amount varies||Money earned while attending school; Does not have to be repaid|
|Wabash Internships and Student Employment||Need-based; Awarded on a limited basis||Amount varies||Money earned while attending school; Does not have to be repaid; May be applied toward your student account|
Scholarship Integration into Need-based Aid
By Federal regulation, need-based financial aid can be no greater than a student’s demonstrated financial need. Therefore, if the student’s demonstrated need is greater than his merit award/s, the merit award/s will be integrated into his overall need-based aid award. In limited cases, this may necessitate the reduction of merit award/s, but in no case will the aggregate scholarship/grant funds be less than the value of the merit award/s. If a student with need-based financial aid and/or merit award/s receives outside scholarships, the outside funding may reduce or eliminate other aid. Outside scholarships and awards do not affect the value of other aid unless the total of all awards exceeds total direct costs (tuition, on-campus room and board), and books.
Outside Scholarships/Gifts and Integration into Financial Aid Award
Students must notify the Financial Aid Office of all outside scholarships and awards received. These awards will be incorporated into the student’s Financial Aid Award on a pending basis until funding for each award is received by the College. Outside scholarships typically do not affect the value of merit-only awards unless the total of all awards exceeds the direct educational costs (tuition, fees, room and board charges). Outside scholarship and award checks must be sent to the Financial Aid Office in order to be processed and applied to the student’s tuition invoice. Unless otherwise specified by the awarding agency, all outside scholarships and award funds are distributed evenly between the fall and spring semesters.
Merit-based scholarship recipients are expected to maintain the following Continuance in College Standards:
Course Credits GPA
End of Freshman Year 6 1.5
End of Sophomore Year 14 1.7
End of Junior Year 24 1.85
For more information on continuance requirements, please click here.
Loss of Eligibility
If a student falls below the required minimum credits and/or GPA and is allowed, per the Dean of the College, to continue his studies at the College, the student will maintain his merit-based scholarship eligibility. Students should be aware that failure to maintain the Continuance in College Standards may necessitate more than eight semesters of attendance to complete the degree requirements. As noted in the Duration section, merit-based scholarships are available for eight semesters of attendance only.
Merit-based scholarships offered by Wabash College are four-year awards (eight semesters) for students entering as first-year students. Any semester during which a student enrolls at Wabash and subsequently withdraws is considered a semester of eligibility “used.” A semester of enrollment at another college/university will count as a semester of “used” scholarship eligibility if the student transfers at least three credits back to Wabash. Semesters of attendance elsewhere will not count if the student transfers back fewer than three course credits.