Tuition Exchange
What is Tuition Exchange?
The Tuition Exchange was established to provide tuition or partial
tuition grants to dependent children of employees at institutions
other than their own. Five hundred and seventy colleges and universities
participate in this program.
If I apply for Tuition Exchange, am I guaranteed to receive
it?
No. Each college and university determines their specific eligibility
requirements and the number of grants they will offer each year.
La Salle determines the eligibility of our employees' dependents
and forwards certification forms for all eligible candidates.
The importing school will determine the recipients of the grants
at their school. Whether a student receives the grant depends
on the particular institution's policies and the applicant pool
for that year.
Who can apply for Tuition Exchange?
Eligible dependents are children of LaSalle University employees
who have been employed full-time for a minimum of five years at
the University. Previous full-time employment at another college
or university may be applied toward the five (5) year waiting
period.
Dependent children are defined by the standards of the Internal
Revenue Service for the tax year immediately preceding the academic
year. The dependent student cannot already possess a baccalaureate
degree.
In the event that La Salle University is forced to limit the
number of students it may export within the Tuition Exchange Program,
the following eligibility criteria will be used:
- Current Participants: Full-time employees with dependents
who are currently participating in the Tuition Exchange Program
and have either not graduated or have not yet received eight
semesters of Tuition Exchange Grant.
- Prospective Participants: Full-time employees with five or
more years of service to La Salle University with dependents,
regardless of previous participation in the Tuition Exchange
Program. Within this category, export positions would be made
available to eligible participants according to greatest seniority
(seniority defined as years of full-time employment at La Salle
University.
How can I find out which colleges participate?
You can go to the Tuition Exchange website at www.tuitionexchange.org.
It lists all of the participating institutions.
Is there a limit to the number of colleges I can apply to?
No. Students can apply for as many colleges or universities as
they choose. However, they should only apply for Tuition Exchange
at institutions that they plan to apply to for admission.
What does the Tuition Exchange grant cover?
The Tuition Exchange Organization requires colleges to offer full
tuition or a minimum grant whichever is lower. The minimum grant
for the 2008-2009 academic year is $26,800. Schools whose tuitions
are lower than that must offer full tuition. Schools with tuitions
higher than $26,800 must offer at least that amount. Some schools
do offer full tuition even though the amount is greater than the
minimum requirement. Other schools may offer room and board as
well. The Selecting a School option on the Tuition Exchange website
(www.tuitionexchange.org)
lists detailed information about particular schools, their costs
and grant amounts.
How do I apply for Tuition Exchange?
First, the employee must complete the Employee Verification Form
and submit it with a copy of their last federal income tax form
to the Human Resources Department. Human Resources will determine
the eligibility of the employee and forward the form to Financial
Aid. The employee must also complete the Tuition Exchange Application
and send it to the Office of Student Financial Services.. Both
forms can be downloaded from the financial aid forms page on this
website. Once these forms are on file at the Office of Student
Financial Services, the application/certification forms can be
sent to the colleges you selected.
Is there a deadline to apply?
For optimum consideration, first time applicants should submit
the Employee Verification Form and Tuition Exchange Application
by November 1 of the year prior to their prospective enrollment.
Continuing students in the Tuition Exchange program should file
the Tuition Exchange Application for the next year by January
1.
When will I know if I have received the grant?
The liaison officers at the institutions at which you apply will
notify you that your application has been accepted or rejected.
La Salle’s liaison officer will also forward to you any
decision that they receive. If you are admitted by an institution,
but have had no response to your application by April 1st, contact
the Student Financial Services Office. The liaison officer will
inquire about the status of your application.
How will I know how much the grant covers?
The notification of your acceptance specifies your scholarship's
value as well as the institution's charges for tuition and fees,
room and board, and any limits on the duration of the scholarship.
Be sure you understand any other charges for which you may be
responsible, as well as any requirements you must meet in order
to maintain your scholarship through graduation.
Once I receive a Tuition Exchange grant, do I have to
do anything else?
Yes. You must meet whatever requirements established by the school
you are attending as well as reapply each semester for the benefit.
This will entail filing an Employee Verification form every semester.
You also must notify the liaison officer at La Salle and at the
school you are attending if you withdraw, transfer to another
institution, or do not participate in Tuition Exchange for any
reason. The individual schools must maintain a record of the total
number of semesters our students receive the grant.
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