Spalding Institutional Aid Policy
Need Based Awards
The Catherine Spalding Award is offered to students with demonstrated need. The maximum award amount is $5000. The University’s goal is to meet student need up to 75%.
Need is calculated by subtracting the estimated family contribution from the cost of 30 undergraduate credit hours. Next other sources of scholarship and grant aid are subtracted. Students must complete the FAFSA to be eligible for the Catherine Spalding Award. Awards are based on full time enrollment for two semesters.
Calculating Need
| Tuition Cost = 30*$740= $22,200 Need = ($22,200 – EFC )*.75 | Subtract Pell Grant SEOG Kentucky State Awards – CAP, KTG, KEES, KTS Employer Tuition Assistance Endowed Scholarships Spalding Merit Awards External Scholarships (e.g. National Merit Scholarship, Rotary Scholarship) | If greater, than $5000 the award is $5000. If less than $5000, this is the award amount. |
Merit Awards
Merit awards are given to students based on high school performance and ACT or SAT results using the following Matrix. The Merit Award is renewable for up to 4 years and assumes full time enrollment for the fall and spring semesters. The award is for tuition, fees, room and a university meal plan. Students must maintain a 3.0 GPA and full-time enrollment to be eligible for these awards. Please note these awards may have to be reduced if the student receives tuition awards from outside sources.
| GPA | 3.0-3.09 | 3.10-3.29 | 3.30-3.49 | 3.50-3.69 | 3.70-3.89 | 3.90-4.0 + | |
| ACT | SAT | Honors | Nazareth | Dean's | Dean's | Presidential | Presidential |
| 20-28 | 950-1290 | $5,000.00 | $6,000.00 | $7,000.00 | $8,000.00 | $10,000.00 | $12,000.00 |
| 29 or higher | 1300+ | $6,000.00 | $7,000.00 | $8,000.00 | $10,000.00 | $12,000.00 | $12,000.00 |
Tuition Exchange Programs and Employee Tuition Remission
Spalding University is a participating member of the Council of Independent Colleges Tuition Exchange Program (http://www.cic.org/Pages/default.aspx) and Tuition Exchange Inc. (www.tuitionexchange.org). These exchange programs provide full tuition for up to 8 semesters for eligible dependents of employees of participating colleges and universities. Tuition exchange awards from CIC and Tuition Exchange Inc. supersede any previously awarded need-based or merit based University awards. Students receiving tuition exchange must maintain a 2.0 GPA and complete 24 hours by the end of each academic year. Each year, exporting institutions must certify continued eligibility according to their policies.
Employee tuition remission and tuition remission for dependents may also impact the amount of merit and need based awards in accordance with the University Policy Guide section 3.3.5.4.1.2.
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