2003-2005 Catalog - University of Arkansas at Monticello

enrollment period, a student earns Title IV funds in direct proportion to the length of timehe/she remains enrolled. A student who remains enrolled beyond the 60% point earns allaid for which he/she is eligible and will not be required to return any funds. Examples ofactual Return of Title IV Funds calculations are available in the Office of Financial Aid.ScholarshipsAll scholarships awarded by the University of Arkansas-Monticello are competitive,and awards are based upon demonstrated academic ability or performance skills. Renewablescholarships require the student to meet and maintain specific criteria. The Universityoffers a variety of scholarships including academic, athletic, departmental, and privatelyfunded awards. For additional information, contact Scholarship Committee Chair, UAMPO Box 3600, Monticello, Arkansas 71656. E-mail whitingm@uamont.edu or telephone 870-460-1026 (toll free 1-800-844-1826).Types of ScholarshipsI. Institutional ScholarshipsScholarships funded by the University are awarded as funds are available. Eligibilityfor institutional academic scholarships requires the student to1) apply for admission,2) apply for scholarship,3) achieve the designated ACT score, and4) achieve a minimum 3.00 GPA for all high school courses.Students may receive only one institutional academic scholarship in any semester. Inaddition to the renewal criteria given for each scholarship, no scholarship will be continuedif the student’s semester GPA is below 2.00, or if the student does not successfully completeat least 12 hours of course work at the 1000-level or above each semester. Students whomeet scholarship eligibility requirements by March 1 will receive priority. After March 1,consideration for scholarship awards will be based upon availability of funds. Scholarshipcandidates are encouraged to begin the process early in their senior year.The term “academic year” is mentioned in some of the following scholarship renewaldescriptions. An academic year includes the fall, spring, Summer I, and Summer II terms;however, scholarship funds are not available for summer terms.A. Chancellor’s ScholarshipAward: Tuition, fees for up to 18 credit hours, residence assignment and board for amaximum of eight semesters of continuous enrollment. Out-ofstate tuition is waived.Eligibility Requirements: 30 or above ACT composite and rank in the top 10% of thegraduating class with a minimum 3.00 high school GPA, or achieve National Merit Finalistor Achievement Finalist.Renewal Criteria: Minimum completion of 12 hours of college-level work eachsemester and minimum of 3.25 GPA following 24 hours of college-level work in anacademic year.Application: No scholarship application required. Awarded when the student appliesfor admission and ACT scores, class rank, and high school GPA are verified.B. Achievement ScholarshipAward: Tuition, fees for up to 18 credit hours, and residence assignment for amaximum of eight semesters of continuous enrollment. Out-of-state tuition is waived.Eligibility Requirements: 27-29 ACT composite and minimum 3.00 high school GPA.Renewal Criteria: Minimum completion of 12 hours of college-level work eachsemester and minimum of 3.00 GPA following 24 hours of college-level work in anacademic year.Application: No scholarship application required. Awarded when the student appliesfor admission, and ACT scores and high school GPA are verified.Financial Assistance27