Responsible Office: Financial Aid
Policy Administrator: VP for Enrollment Management
Scope: |Student

Approved By: VP/Provost

Approved Date: 7/1/2017

Effective Date: 7/1/2017

Category: Student

Description/Purpose:

Academic Awards

Details:

Saint Francis University has a comprehensive program of academic awards designed to reward outstanding academic achievement, to attract a high caliber student, and to reduce the financial burden of a quality education.

Most of these scholarships are awarded for academic accomplishment. Some are based on service to the University or on other criteria determined by the donors. Although determined by the academic and other criteria, the award amount is part of the student's financial aid package.

First-time freshman students who qualify for any of our merit-based or leadership awards will be notified of their eligibility upon acceptance to the University. All recipients are expected to make satisfactory academic progress and to perform some type of service to the University community.

Terms and Conditions

Eligibility for any Academic Scholarship will continue for a period not to exceed a total of four years or eight semesters ofundergraduatestudy providing you:

1. Maintain a 3.0 cumulative grade point average (GPA)
2. Maintain full-time status (12 or more credits per semester)
3. Reside on campus in a residence hall for all four years if you do not commute from home

Students who do not continually meet the required GPA will be notified in writing, and their scholarships will be discontinued at the end of the academic year. After attainment of the required GPA, and after submitting a written request to the Director of Financial Aid, students may regain eligibility. The University will consider a request from a student to release him/ her from this requirement if the student encounters a severe financial, physical, or emotional hardship which would be exacerbated by living on campus and cannot be remedied by alternative means. Students must submit a formal request in writing to the Office of Financial Aid the semester prior and will be notified within two weeks of the status via email.

Saint Francis University scholarship recipients (including but not limited to merit aid, departmental fellowships and Provost leadership and institutional grants) are awarded to incoming students on the basis of the information contained in their application for admission.Awards are given to students in accordance with all terms and conditions set forth in the Saint Francis University Course Catalog, website, Scholarship Terms and Conditions, and accompanying contracts that were in effect at the time of the student's initial matriculation at Saint Francis University. By enrolling at the University, a student agrees to all the terms set forth and understands that additional scholarships will not be awarded.All financial aid is limited to the completion of the first bachelor's degree or a total of eight (8) academic semesters, whichever comes first.Students must maintain satisfactory academic standing and adhere to the Saint Francis University Code of Conduct included in the Student Handbook.

Special Notes Concerning Institutional Aid:

1. All Scholarships are awarded in the fall and spring semesters at an amount of one half the total yearly award.
2. Only credits earned during the fall and spring semesters are covered by this award.
3. Scholarships can only be applied to tuition costs. Students receiving tuition remission or other full tuition scholarships or benefits may be recognized for their achievements but will be ineligible to receive these awards.
4. All Scholarships are renewable for up to four years (eight semesters).
5. Aid is only available to those pursuing their first baccalaureate degree.
6. Scholarships will not be prorated for students anticipating early graduation.
7. Scholarships awarded to students participating in the 3-2 Engineering, 2/3-3 LECOM Pharmacy Program, or other accelerated programs are applicable only while enrolled and attending classes at Saint Francis University.
8. Transfer Scholarships are only available to students seeking their first baccalaureate degree.
9. Although you have been awarded a scholarship, you will still be personally responsible for the cost of credits, room & board and other fees beyond the annual amount of the award. Other types of financial aid may be available to cover these and other costs.
10. Saint Francis University strongly encourages all Founders', Presidential, Assisi, and Red Flash Cocurricular Recipients to complete the Free Application for Federal Student Aid (FAFSA) by May 1 of each year. Please realize that by filing the FAFSA, you may be eligible for additional aid.

Academic Scholarships

Founders Award

Amount: $42,000 - $64,000 ($10,500 - $16,000 each year for four years)

To be considered for a Founders Award students must have the following:

• Complete application on file and be admitted to Saint Francis University by March 1, 2014.
• Minimum 3.8 GPA in a college preparatory curriculum.
• Minimum score of 1250 on the SAT I (Math & Critical Reading) or ACT Composite of 28.
• 3.0 GPA at Saint Francis University and good standing maintains this yearly award.

Presidential Award

Amount: $30,000 - $40,000 ($7,500 - $10,000 each year for four years)

To be considered for the Presidential Award students must have the following:

• Complete application on file and be admitted to Saint Francis University by March 1, 2014.
• Minimum 3.5 GPA in a college preparatory curriculum.
• Minimum score of 1100 on the SAT I (Math & Critical Reading) or ACT Composite of 24.
• 3.0 GPA at Saint Francis University and good standing maintains this yearly award.

Assisi Award

Amount: $12,000 - $28,000 ($3,000 - $7,000 each year for four years)

To be considered for the Assisi Award students must have the following:

• Complete application on file and be admitted to Saint Francis University by March 1, 2014.
• Minimum 3.0 GPA in a college preparatory curriculum.
• Minimum score of 1020 on the SAT I (Math & Critical Reading) or ACT Composite of 22.
• 3.0 GPA at Saint Francis University and good standing maintains this yearly award.

Red Flash Co-Curricular Award

Amount: $4,000 - $24,000 ($1,000 - $6,000 each year for four years)

To be considered for a Red Flash Co-Curricular Achievement Award students must have the following:

• Complete application on file and be admitted to Saint Francis University by March 1, 2014. Demonstration of co-curricular involvements with particular emphasis on leadership positions held and accomplishments through the Application for Admission.
• Provision of additional documentation, e.g., resume, activities list, recommendation letters, etc., that shows demonstrated leadership and involvement is encouraged.
• Awards will be granted to accepted eligible students based on the level and depth of their involvements.
• 2.5 GPA at Saint Francis University and good standing maintains this yearly award.

Franciscan Award

Amount: $8,000 ($2,000 each year for four years)

Available to graduates of a Catholic high school.

Students may only receive one renewable award (Founders, Presidential, Assisi or Red Flash Co-Curricular Achievement Award) per year. These renewable awards are reserved for full-time, first year students. Students may only receive half of a yearly scholarship during one semester.

1. Transfer Award/$2,000 to $8,000. This scholarship is offered to any student who has completed an Associate's Degree with a minimum cumulative GPA of a 3.0.
2. Phi Theta Kappa Award/$5,000-$8,000. This scholarship is offered to any student who is a member of Phi Theta Kappa with a cumulative GPA of a 3.0 or better. This scholarship replaces the Associate Transfer Award or the Associate Excellence Award.
3. Transfer Scholarships are available only to students who are seeking their first baccalaureate degree. The scholarships are renewable each year, given the student remains in good standing with Saint Francis University and maintains a 3.0 QPA.