Tuition Exchange at Butler University
Tuition Exchange at Butler University
Tuition Exchange at Butler University
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<strong>Tuition</strong> Remission<br />
and <strong>Tuition</strong> <strong>Exchange</strong><br />
<strong>at</strong><br />
<strong>Butler</strong> <strong>University</strong>
Wh<strong>at</strong> is <strong>Tuition</strong> Remission?<br />
• An employee benefit th<strong>at</strong> pays full tuition for <strong>Butler</strong><br />
full time employees who have worked <strong>at</strong> least 9<br />
months.*<br />
• Limited to 6 credit hours for employees, with<br />
agreement from supervisor.
• Can be used for full time enrollment for<br />
spouse or unmarried dependents under 25<br />
years of age pursuing their first post<br />
secondary degree.<br />
• Employee and Spouse can earn Gradu<strong>at</strong>e<br />
Degree.
How do I access <strong>Tuition</strong> Remission?<br />
• Employees apply each semester with HR.<br />
• File your FAFSA by March 1.(full time students)<br />
• Take the approved applic<strong>at</strong>ion, study list and<br />
service fee of $25 to Student Accounts.<br />
• Can be used for summer terms as well.
Financial Aid and <strong>Tuition</strong><br />
Remission<br />
• Financial aid will assess the FAFSA for any other<br />
aid eligibility and provide an award notific<strong>at</strong>ion.<br />
• <strong>Tuition</strong> Remission will be adjusted by any other<br />
tuition restricted awards.
Wh<strong>at</strong> is <strong>Tuition</strong> <strong>Exchange</strong>?<br />
• TE is a partnership of over 600 colleges and<br />
universities offering competitive tuition<br />
exchange scholarships to dependents of<br />
faculty/staff employed <strong>at</strong> member institutions.<br />
• Approxim<strong>at</strong>ely 6000 students particip<strong>at</strong>e<br />
n<strong>at</strong>ionally in the TE program annually <strong>at</strong> the<br />
undergradu<strong>at</strong>e level.
Who is eligible to particip<strong>at</strong>e?<br />
• Dependents of faculty and staff who have<br />
been employed full-time for <strong>at</strong> least 9 months<br />
<strong>at</strong> <strong>Butler</strong>.<br />
• Dependents must meet admission<br />
requirements to the colleges they are<br />
choosing.
Is a Scholarship Guaranteed?<br />
• No – TE scholarships are not fringe benefits,<br />
they are competitive awards.<br />
• Institutions must maintain a balance between<br />
import and export students, and may, therefore<br />
only accept a certain number of highly qualified<br />
students each year.
How Competitive is the Admission<br />
Process?<br />
• TE Scholarships are generally very competitive.<br />
• In addition to meeting the admissions requirements<br />
of the receiving institution, some member<br />
institutions have established additional<br />
requirements such as a lottery system, higher<br />
entrance standards or a rolling acceptance policy.
How To Apply<br />
• Approxim<strong>at</strong>ely 1 year before your child plans to<br />
enroll in college, contact HR to confirm your<br />
eligibility and complete initial applic<strong>at</strong>ion for<br />
particip<strong>at</strong>ion.<br />
• <strong>Butler</strong>’s liaison officer, in the Financial Aid Office,<br />
will submit the <strong>Tuition</strong> <strong>Exchange</strong><br />
Applic<strong>at</strong>ion/Certific<strong>at</strong>ion form to the liaison officer<br />
<strong>at</strong> the institutions to which you decide to apply.<br />
• Can submit up to 5 applic<strong>at</strong>ions per student.
• The liaison officer <strong>at</strong> the host school will<br />
notify the family when the applic<strong>at</strong>ion is<br />
accepted or rejected. Generally, you will find<br />
out before <strong>Butler</strong> does.<br />
• If you receive an award offer, the notific<strong>at</strong>ion<br />
should contain the scholarship value as well<br />
as cost of <strong>at</strong>tendance for the institution.
Wh<strong>at</strong> does the Scholarship Cover?<br />
• Most scholarships will cover full tuition. However, some<br />
schools do cap their awards <strong>at</strong> the $31,500 amount set by<br />
<strong>Tuition</strong> <strong>Exchange</strong>.<br />
• Most scholarships are offered for a total of 4 years or 8<br />
semesters, though schools may offer less than 4 year<br />
awards.<br />
• Be sure to know exactly wh<strong>at</strong> your scholarship covers<br />
before accepting it.
• You will need to notify <strong>Butler</strong>’s liaison officer<br />
when you accept the scholarship and enroll.<br />
• If you decide to transfer or withdraw, notify<br />
both host and <strong>Butler</strong> liaison officers promptly.
Retaining a TE Scholarship<br />
• Students must meet the institution’s s<strong>at</strong>isfactory<br />
academic progress standards.<br />
• The family member whose employment conveyed<br />
eligibility for the scholarship must continue to meet<br />
eligibility criteria.<br />
• Reapply for renewal each year during the fall term<br />
for the following academic year. Early fall is best!
Other Steps to Take<br />
• Fill out a Free Applic<strong>at</strong>ion for Federal Student<br />
Aid (FAFSA) and have the results sent to all<br />
schools to which you are applying.<br />
• Be sure to contact the Office of Financial Aid<br />
<strong>at</strong> your host school if you wish to receive any<br />
aid beyond <strong>Tuition</strong> <strong>Exchange</strong> (student loans).
RESOURCES<br />
• www.tuitionexchange.org – contains detailed<br />
inform<strong>at</strong>ion about all particip<strong>at</strong>ing schools,<br />
deadlines and other criteria.<br />
• http://www.butler.edu/financial-aid<br />
• www.butler.edu/human-resources to access<br />
TR and TE forms.<br />
• http://www.fafsa.ed.gov/ to file the FAFSA.
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