Responsible Office: Financial Aid 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 ConditionsEligibility for any Academic Scholarship will continue for a period not to exceed a total of four years or eight semesters ofundergraduatestudy providing you:
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:
Academic ScholarshipsFounders 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:
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:
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:
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:
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. Transfer Scholarships
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