Financing a college education is an important concern for most families. Tuition, fees, room and board, books and other expenses often make it difficult for families alone to pay the total cost of education at a college or university.
To help qualified students meet these expenses, Transylvania has established a strong financial aid program. The university's goal is to provide assistance to as many students as possible who have strong scholastic backgrounds, financial need, or special aptitudes or talents.
There are four basic types of financial assistance:
- Work-Study (campus employment)
Scholarships are awarded each year to students with the best academic records. Grants are nonrepayable gifts to students based on financial need and should not be confused with scholarships, which are based on merit. Loans are to be repaid according to their individual terms. Campus employment is offered through the federally sponsored Work-Study Program to help students pay for part of their college expenses.
Transylvania uses the Free Application for Federal Student Aid (FAFSA) to provide an analysis of financial need. All final decisions regarding financial aid awards, however, are made by the university's Office of Financial Aid. Financial need is defined as the difference between the total cost of attending Transylvania and a family's ability to contribute to this cost. The total period of eligibility for financial aid cannot exceed 36 course units or completion of graduation requirements, and students must continue to make satisfactory progress toward a degree to maintain eligibility for financial aid.
Awards are made by the Office of Financial Aid after the applicant has been accepted for admission to the university and after all of the information required for financial aid consideration has been received.
Need-based financial aid awards are for one academic year and are reviewed annually. Financial aid is extended from one year to the next if the student continues to demonstrate need by completing the required FAFSA application annually. Adjustments are made each year to compensate for a family's changing circumstances and for changes in funding available to the university.
Scholarships awarded on the basis of academic merit are renewed automatically each year if the student maintains the conditions of the scholarship.
To receive financial aid, students must be in good academic standing with a cumulative grade point average of at least 2.0 or be in their first academic year at Transylvania. Students must earn at least seven units per academic year to continue receiving financial aid. Students must pass two-thirds of the cumulative units they attempt, and they must graduate in six years.
How to Apply for Financial Aid
Students seeking financial aid may apply for institutional, state, and federal aid programs through the Free Application for Federal Student Aid (FAFSA). This form is available at www.fafsa.ed.gov. Completion of the FAFSA is all that is necessary to apply for all financial aid programs, including Pell Grants and Kentucky Higher Education Assistance Authority Grants.
The FAFSA is required of all need-based financial aid applicants, regardless of dependency, marital or residential status.
Transylvania's financial aid and scholarship application procedures involve the following steps:
- A student must be accepted for admission to the university before the Office of Financial Aid can consider making an award. A student may, however, submit the FAFSA before admissions acceptance.
- The FAFSA must be completed each year. Students are strongly urged to complete it as early as possible between October 1 and November 15 to receive maximum consideration.
After Transylvania receives all completed financial information, the student may be awarded a package of financial aid based upon need and merit. Every effort will be made to meet the needs of individual students. Students have the option of accepting or declining any or all portions of the package. Students also have the right to appeal any decision made by the financial aid office. For further instructions on how to properly appeal a financial aid decision, students should contact the Office of Financial Aid.
Pell Grants are federal grants designed to provide financial assistance for postsecondary education. The federal government determines eligibility for a Pell Grant based on information a student provides on the FAFSA.
Supplemental Educational Opportunity Grants (SEOG), designed to supplement Pell Grants, are federal grants for students with exceptional financial need.
Kentucky Higher Education Assistance Authority (KHEAA) Grants are available to Kentucky residents who demonstrate financial need and who are full-time students at eligible Kentucky institutions. Financially eligible students who choose to attend accredited private colleges and universities in Kentucky may have a tuition supplement included in their KHEAA grant.
Federal Direct Student Loans
Repayment of these loans is deferred while the student is enrolled in college. The maximum loan eligibility depends upon class standing:
Freshman - $5,500 ($3,500 of which can be subsidized)
Sophomore - $6,500 ($4,500 of which can be subsidized)
Junior - $7,500 ($5,500 of which can be subsidized)
Senior - $7,500 ($5,500 of which can be subsidized)
The difference between the two types of loans is as follows:
Subsidized Loans are need-based, and the federal government pays the interest while the student is enrolled in school. The interest rate for subsidized Stafford Loans is determined by Congressional action.
Unsubsidized Loans are not need-based. The student is responsible for paying the interest, which can be paid quarterly or deferred until the student is out of school. The interest rate on unsubsidized Stafford Loans is determined by Congressional action.
Federal Direct Parent (PLUS) Loans
The Federal Direct Parent (PLUS) Loan allows parents to borrow up to the cost of a student's education minus any other financial aid the student is receiving. The interest rate is determined by Congressional action. For PLUS Loans disbursed after July 1, 2008, parents have the option of repaying the loan either 60 days after the loan is fully disbursed or waiting until six months after the student leaves school or drops below half-time enrollment.
The George L. Bagby Scholarship Loan Program provides loans to selected Kentucky students from funds contributed to the university. These loans are granted to supplement other financial aid and are usually awarded to returning students.
C. E. Schell Foundation Loans are available to students who demonstrate need, are under 25 years of age and are residents of Ohio, Kentucky, West Virginia, or adjoining states.
Offered through the federal College Work-Study Program, college work-study offers part-time work on campus to students who have received a work-study stipend as part of their financial aid package. Work-study stipends are based strictly on financial need, and emphasis is placed on students from low-income families. Students are paid an hourly wage of $8.20.
University Scholarships and Grants
William T. Young Scholarships are awarded each year to exceptionally well-qualified prospective first-year students. Recipients are chosen on the basis of superior academic achievement, leadership and promise for development. The Young scholarship covers tuition and the general fee. Scholarships are renewed annually until graduation if recipients maintain a grade point average of at least 3.5 and continue to demonstrate the outstanding qualities that led to their selection. Selection is highly competitive and is based on merit alone.
William R. Kenan Jr. Scholarships are awarded to students with outstanding academic ability and demonstrated leadership skills. A minimum 2.6 grade point average is required for renewal.
Trustee Scholarships are awarded to students with outstanding academic ability and demonstrated leadership skills. A minimum 2.6 grade point average is required for renewal.
President's Scholarships are awarded to students with outstanding academic ability and demonstrated leadership ability. A minimum 2.6 grade point average is required for renewal.
James Morrison Scholarships recognize students with superior academic ability and distinctive leadership qualifications. A minimum 2.6 grade point average is required for renewal.
Pioneer Scholarships for Distinctive Accomplishment are awarded to students who have demonstrated strong academic ability and distinctive leadership qualities. For renewal, recipients must maintain at least a 2.6 grade point average.
Founders' Scholarships are awarded to students who have demonstrated strong academic ability and a variety of academic or nonacademic endeavors. Recipients must maintain a 2.6 grade point average for renewal.
John R. Bryden Appalachian Scholarships are funded by the Steele-Reese Foundation of New York and other donors. These scholarships are awarded annually to well-qualified prospective first-year and transfer students. Recipients must be from southern Appalachia, be outstanding citizens of their schools and communities, and have financial need. Scholarships are renewable until graduation if recipients maintain a 2.6 grade point average and continue to demonstrate the outstanding qualities that led to their selection.
Kentucky River Coal Company Scholarships are awarded to students living in Knott, Leslie, Letcher or Perry counties in Kentucky who demonstrate financial need and meet certain academic requirements. Scholarships are renewable until graduation if recipients maintain a 2.6 grade point average.
Christian Church (Disciples of Christ) Scholarships are awarded to incoming students who are verified members of a Christian Church (Disciples of Christ) congregation.
Legacy Scholarships are awarded to incoming students who have a parent, step-parent, grandparent, step-grandparent, sibling or step-sibling who is considered a Transylvania alum. Incoming students who are siblings of current Transylvania students are also eligible.
Designated Scholarships are usually awarded in the name of a specific donor. Eligibility for these scholarships is determined from the admissions application or from a student's academic performance at Transylvania.
General Scholarship Endowment: Gifts from and in honor of individuals are held in Transylvania's general scholarship endowment and provide funding to support the institutional scholarship denoted.
Army ROTC Scholarships cover tuition and fees, a $1,200 textbook allowance and a $300-500 tax-free monthly stipend during the academic year for each year the student is on scholarship. In addition, Transylvania provides three-year and four-year Army ROTC scholarship recipients at least the value of room and board. (This may be a combination of scholarships and grants.) Recipients must enroll in Army ROTC courses, which are taught in partnership with the University of Kentucky on its campus. Upon graduation, recipients receive a commission as a second lieutenant in the U.S. Army. For more information contact the Army ROTC office at the University of Kentucky, (859) 257-6865 or 6864, or visit armyrotc.as.uky.edu.
Air Force ROTC Scholarships, through a partnership with the University of Kentucky, offer two- to four-year college scholarships in all majors. Air Force scholarships may be awarded at varying amounts. Type 1 has no cap, and Type 2 is capped at $18,000. Recipients receive an annual textbook allowance and a $300-500 tax-free monthly stipend during the academic year. In addition, Transylvania will provide to each three- and four-year recipient at least the value of room and board. (This may be a combination of scholarships and grants.) Upon graduation, recipients receive a commission as a second lieutenant in the U.S. Air Force. For more information contact the Air Force ROTC office at the University of Kentucky, (859) 257-7115, or visit afrotc.as.uky.edu.
Harold E. and Mildred F. Abbott Scholarship
ADIUVO Endowed Scholarship
Alumni Legacy Scholarship
Opal and Gabriel C. Banks Scholarship
Essie Moore Barnett Scholarship
James E. "Ted" Bassett III Endowed Scholarship
P. J. Baugh Sr. Scholarship
H. Gordon Bechanan Memorial Scholarship
Benjamin and Laura Harp Berman Scholarship
Paul Biddle Endowed Scholarship
B'nai B'rith Brotherhood Scholarship
Frances Borres, M.D. Memorial Scholarship
Lila Boyarsky Scholarship
William Newton Briney Memorial Scholarship
Judge J. Gregory Bruce Scholarship
William Gregory Bruce '60, M.D. Endowed Scholarship
Stewart and Virginia Bruner Endowed Service Scholarship
John R. Bryden Appalachian Scholarship
Ruby Ann Arnsparger, M.D. Endowed Scholarship Fund
Clyde and Emma E. Buckley Scholarship
Thomas Buckner Scholarship
Laura A. and Aristides S. Candris Scholarship
Douglas and Marilyn Cardwell French Scholarship
Gordon B. and Beth Carson Scholarship
Central Christian Church Scholarship
Chandler/Bolin Music Scholarship
Class of 1961 Endowed Scholarship
Class of 1967 Endowed Scholarship
Bryan Clark Scholarship
Mitchell Clarke Scholarship
Dr. William M. Clay Memorial Scholarship
James C. Codell Jr. Scholarship
E. P. Coleman Scholarship
Edward and Doris Coleman Endowed Travel Grant
Columbia Healthcare Corporation Scholarship
Emily Hedden Conway Scholarship for Chi Omega
John and Ruby Cook Memorial Scholarship
Ewing Cossaboom Scholarship
Paulina Thomas Crawford Scholarship
W. H. and Mary Bell Cole Crossfield Scholarship
Richard Henry Crossfield Scholarship
Adrienne Dantin Memorial Scholarship
Ella L. Delap Memorial Fund for International Music
E. W. Delcamp Scholarship
Delta Delta Delta Centennial Summer Study Abroad Scholarship
Anne Deskins Scholarship
Dowd/Harrison County, Ky. Scholarship
F. A. Dowd Scholarship
Fred Scott Downing Memorial Scholarship
G. L. and Elsie Downing Scholarship
Marjorie and David Drye Scholarship
William C. and Doris Ellis Scholarship
Ruth Huffman Estes Scholarship
Frances Eward Scholarship
H. Bennett Farris Scholarship
James and Elizabeth Faulkner Study Abroad Scholarship Fund
L. G. Fegenbush Scholarship
First Christian Church Scholarship, Maysville, Ky.
Fitzpatrick Memorial Scholarship
John E. Fryer Endowed Scholarship
Paul E. Fuller Scholarship
J. D. Gay Sr. Scholarship
John T. Gentry Scholarship
Martha Giltner Scholarship
James F. Glenn Scholarship
Jesse and Mary Graddy and Florence Graddy Kennedy Scholarship
Gray Art Endowment for Travel and Enrichment
Sharridan Kawaja Greer '75 Scholarship
Virginia Clark Hagan Memorial Scholarship
Joseph W. Hagin Scholarship
Hardy Williams Scholarship
Lucie T. Hart Scholarship
Haugli Family Study Abroad Scholarship
Rodney Hayes Scholarship
William Randolph Hearst Scholarship for Minority Students
Mary Nance Helm Scholarship
The Hodges Scholarship
Joyce Swango Holmes Scholarship
R. T. Howard Memorial Scholarship
Janet Seaton Humphrey Scholarship
Mary Margaret Hutchings Endowed Scholarship
Hutchings Tandy Memorial Scholarship
Helen Deiss Irvin Prize
JGK III Scholarship
Evelyn F. Johnson Scholarship Fund
Karen Crissman and Douglas P. Johnson Endowed Scholarship
Grover Cleveland Jones Scholarship
John Marshall Jones Scholarship
Virginia Kalusy Memorial Scholarship
Alice T. Karr Scholarship
Roger H. and Sudie Maupin Karrick Scholarship
William R. Kenan Jr. Scholarship
Austin E. Knowlton Memorial Scholarship
Margaret H. and Richard W. Knowlton Scholarship
Bess Kriegel Scholarship
Ella Jean Northcutt Kromer Scholarship
Charles Bennett Lake Memorial Scholarship
Elizabeth Rae Claxton Landolt Memorial Scholarship
Lena Lawrence Scholarship
Margaret T. Leavy Scholarship
W. E. Lehman Scholarship
Dr. Marjorie Peace Lenn Memorial Scholarship Fund
Benjamin Franklin Lewis Scholarship
M. W. Lowe Scholarship
Dorothy R. Lykins Scholarship
Virginia Heinlein Macke Endowed Scholarship
Hildreth Maggard Scholarship
Majmundar Family Endowed Scholarship Fund
William A. Marquard Endowed Scholarship
Maxine Troxel McIntyre Scholarship
Mary Frances Brown Mellen Scholarship
Professor James E. Miller Endowed Scholarship
J. M. and C. R. Miller Scholarship
Ralph Mills Scholarship
Charles D. Mitchell Sr. Scholarship
Sara Best Moeller Scholarship
Robert Downman Montgomery Memorial Scholarship
Earle H. and Catherine O'Donnell Scholarship
William P. Oliver Scholarship
Mary Isabel Omer Scholarship
Shelby and Nola U. Parks Scholarship
Alexander Headley Peck Jr. Scholarship
E. Ray Phelps Scholarship
Phi Kappa Tau Moosnick Scholarship
P. T. Powell Scholarship
David and Mary Graham Prewitt Scholarship
Nazaretta Hays Price Memorial Scholarship
Sarah Hombach Price Memorial Scholarship
Mary J. Quenette Scholarship
Barbara Sue Rea Memorial Scholarship
Frank Rose Scholarship
W. L. Rouse Jr. Endowed Scholarship
Frankie Mae Milton Rush Scholarship
Nick Sanders '53 Scholarship
Sanders-Siebers Endowed Scholarship
Honorable Charles F. Satterwhite Scholarship
David C. Scott Scholarship
Seifert Study Abroad Scholarship
David and Christine Shannon Endowment Fund
Ralph D. Sharp Memorial Fund
Charles L. and Susan P. Shearer Endowed Scholarship
Smith Music Scholarship
Bert E. Smith Scholarship
Kenneth Snyder Scholarship
Carol Spotts Scholarship
D.H. Starns Endowed Scholarship
Willie Mae Montague Stephenson Memorial Scholarship
George Stopp Scholarship
Elizabeth T. Sympson Scholarship
W. B. Terry Scholarship Fund
Max M. and Ruth L. Tharp Memorial Scholarship
J. Richard Thompson Student Leadership Prize
David Jo Turner Scholarship
Transylvania Woman's Club Scholarship
Faull S. and Betty Hailey Trover Scholarship
Anna Turner Scholarship
Charlton and Lilliam Wallace Scholarship
Clara Link Wallace Scholarship
J. N. and Mary Ward Scholarship
Anabel Couch-Ida Watson Scholarship
Helen K. Wellman Scholarship
Susan Martin Wells Scholarship
Ronald F. Whitson Memorial Scholarship
Catherine Van Arsdall Willis Scholarship
Kathryn Lunger Willis Scholarship
J. H. and G. B. Wilson Scholarship
David A. Windley Scholarship
Professor John D. Wright Jr. Scholarship
Wyncom, Inc. Scholarship
David L. and Jean Eidson Yewell Scholarship Fund
Judy Gaines Young Literary Awards
William T. Young Scholarship
F. Zorniger Memorial Scholarship
Transylvania University reserves the right to award any of the previously mentioned scholarships on a need or merit basis, depending on the individual situation. No award is automatic, and we award financial aid within the framework of available funds and within federal guidelines when aid is based on determination of need. With the exception of specific scholarship deadlines stated on the admissions application, Transylvania has set no definite deadline regarding application for financial assistance, but prospective applicants should understand that the earlier they apply, the better the chances are that funds will be available. Renewal of scholarships is contingent on academic performance, along with high standards of personal conduct, good citizenship, and availability of specific awards.
The names and other directory information respecting students receiving scholarships may be publicly disclosed by Transylvania, including notification of recipient names to scholarship donors. See the Transylvania University Notification of Rights Under the Family Education Rights and Privacy Act of 1974 (FERPA), published annually, regarding your ability to opt out of such disclosure.