QUESTIONS AND ANSWERS

Today, more than 2,100 students each year secure awards to pursue undergraduate education, graduate school, or study abroad at one of the 380 institutions of higher education that belong to the Tuition Exchange program (TE).  To see the list of schools available refer to the following websites:
Tuition Exchange - www.tuitionexchange.org
ACS: - www.colleges.org

WHO IS ELIGIBLE?

Dependents of full-time Furman employees are eligible to apply for a Tuition Exchange award.

IS A SCHOLARSHIP GUARANTEED TO ALL ELIGIBLE APPLICANTS?

Dependents eligible for TE scholarships are NOT guaranteed a scholarship. TE scholarships are scholarships, not fringe benefits. Tuition Exchange colleges and universities set their own policies and procedures for awarding TE scholarships. Furman anticipates that we will attract more students than we will send to other schools, therefore, we are limiting the number of imports to the same number as exports. Other participating schools may adopt a similar procedure.

HOW COMPETITIVE IS THE PROCESS?

Tuition exchange scholarships are competitive. Applicants must first meet all regular admissions requirements of the college or university to which they have applied. Only then may an applicant be considered for a TE scholarship. More competitive institutions may receive more applications from qualified students than they can accept. It is recommended that dependents apply to several schools.

HOW DO I APPLY?

When you begin to complete your admissions applications to the college and universities of your choice, contact the TE liaison officer in the Admission Office at Furman to confirm participation by that institution. The liaison officer will send you a preliminary application for the TE program to be completed and returned to the Admission office. From this preliminary application, the TE liaison officer will prepare and submit the TE Application/Certification Form to the liaison officers at the institutions to which you are applying.

The liaison officer at the institutions to which you apply will notify you that you application has been accepted or rejected by returning completed copies of the TE Application/Certification Form to you and to the liaison officer at Furman . Notification of acceptance into the TE program will be at the end of March. You should notify Furman's TE liaison officer if you accept the TE scholarship.

ARE THERE ANY FEES FOR THE TUITION EXCHANGE SCHOLARSHIP?

Each student who is offered a tuition exchange scholarship and accepts the scholarship at a participating institution must pay an annual $35.00 Tuition Exchange, Inc. fee.

ARE TUITION EXCHANGE SCHOLARSHIPS RENEWABLE?

Students must meet the institution's standards for academic performance and personal conduct. The family member whose employment qualified for eligibility for a TE scholarship must continue to meet the employing institution's eligibility criteria. Renewal forms must be completed every academic year to insure continued scholarship eligibility.

ARE TUITION EXCHANGE SCHOLARSHIPS AVAILABLE FOR SUMMER SCHOOL OR FOREIGN STUDY PROGRAMS?

Each institution is required to set their own policies and procedures. Furman allows the Tuition Exchange scholarship to be applied toward the Furman foreign study expenses, but TE funds are not available for summer school expenses.

CAN A STUDENT RECEIVE FURMAN'S CASH BENEFIT IN ADDITION TO THE TUITION EXCHANGE SCHOLARSHIP?

Students who are granted a tuition exchange scholarship at another institution cannot apply for the Furman Cash Tuition benefit. The Furman Cash Tuition benefit is available to students who are enrolled at an institution that is not a member of the Tuition Exchange, Inc. or the Associated Colleges of the South (ACS) tuition exchange program. Information and applications for the Furman Cash Tuition benefit are available in the Human Resources office.

WHAT IS THE DOLLAR VALUE OF THE TUITION EXCHANGE SCHOLARSHIP?

Most TE scholarships cover full tuition, but not special fees, course overloads, or room and board charges.. For 2002-2003, institutions that charge more than $18,600 for tuition are permitted to award less than their full tuition, but not less than $18,600. Some member institutions reduce their TE scholarships by the amount of federal and state grants awarded to a student, whether or not these are based on financial needs. Some states require that special fees be charged to out-of-state students. The TE Application/Certification Form notifying you of your award should provide specific details, but if you are confused, seek clarification by asking questions before you accept the scholarship.

ARE TUITION EXCHANGE SCHOLARSHIPS TAXABLE?

Under current IRS guidelines, the Tuition Exchange awards are not taxable.

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