Frances Perkins Tuition Scholarship
(The Frances Perkins Tuition Scholarship is available to incoming Frances Perkins students beginning spring semester 2014.)
The Frances Perkins Tuition Scholarship covers the cost of tuition for incoming Frances Perkins students. The tuition scholarship is limited to 128 credits, including any credits transferred in. If additional credits are transferred in after the initial awarding of the scholarship, this will be factored into the student’s remaining eligibility. Students living on campus are expected to take16 credits per semester. Students who live off campus must take a minimum of 8 credits. Students do not need to apply for need-based financial aid to be considered for or to renew the scholarship.
Scholarship Renewal and Satisfactory Academic Progress:
The scholarship is renewed automatically in subsequent years provided the student maintains satisfactory academic progress (SAP) as defined by Mount Holyoke College. Students who earn 16 credits per semester with a grade point average of 2.0 or higher generally maintain SAP.
Students who are placed on probation will receive the scholarship for one semester of probation. If the student continues on academic probation for a subsequent semester, the scholarship will be cancelled for that semester and all subsequent periods of enrollment. In the rare case where a student is suspended for academic reasons, she will be ineligible for the scholarship upon her return. She will be eligible to apply for need-based funding from the College up to the funding limitations.
Medical Leave Policy:
If a student withdraws from all classes for medical reasons, a refund calculation will be done based on the standard refund schedule. The scholarship will be prorated to match the same percentage as the revised tuition charged. Any unused portion of the scholarship can be applied toward an additional semester of study once the funding limitations have been reached. A student who leaves after the 9th week of classes but before the semester is completed will not be eligible for an additional semester of funding even if she does not earn any credits during the semester she took the medical leave.
Study Abroad/Academic leave:
The scholarship cannot be used for study abroad or other academic leave except for special foreign exchanges where Mount Holyoke College tuition is charged. Study abroad and academic leave semesters count toward the 128 credit limit even when the scholarship is not available for those periods.
Although the scholarship is not transferable, scholarship recipients can apply for need-based aid for study abroad through the Laurel Fellowship program. Please note that need-based funding is available only if the cost of attendance of the study abroad program exceeds the calculated family contribution as determined by Student Financial Services. Need-based student loans are packaged before determining any need-based grant aid eligibility.
Outside Scholarship or Employee benefits that are earmarked for tuition will replace the Frances Perkins (FP) Tuition Scholarship dollar for dollar. If the outside funding can be applied toward room and board or other direct costs, the FP Tuition Scholarship will not be reduced. However in no circumstances can the total aid, including the FP Scholarship, exceed the budget (cost of attendance). If the outside aid does exceed the cost of attendance the FP Tuition Scholarship will be reduced accordingly.
Domestic FPs may apply for federal and state aid as well as outside scholarships to help cover room and board or off campus living expenses. International FPs may receive a Mount Holyoke loan and college work-study in addition to the Frances Perkins Tuition Scholarship if they apply for need based financial aid. International FPs should plan to have resources available to cover travel costs, the College’s health insurance fee and other miscellaneous expenses.