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theundergraduateschoo ls - Wake Forest University

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study each or two students for two semesters.<br />

Applicants must have completed at least two<br />

years of college Spanish or the equivalent. Application<br />

is made through the Department of<br />

Romance Languages.<br />

The French Exchange Scholarship, established<br />

with the <strong>University</strong> of Burgundy, France,<br />

assists a graduating senior who receives a<br />

two-semester graduate teaching assistantship<br />

at a lycée chosen by the French Ministry of<br />

Education. Application is made through the<br />

Department of Romance Languages.<br />

Loans<br />

The James W. Denmark Loan, established in 1875,<br />

assists qualified students.<br />

The Hutchins Student Loan assists needy students.<br />

The Grover & Addy Raby Loan gives preference<br />

to applicants from the First Baptist Church of<br />

Tarboro, NC.<br />

The Sidney G. Wallace Loan gives preference to<br />

students studying at a <strong>Wake</strong> <strong>Forest</strong>-sponsored<br />

or approved overseas program.<br />

Other Aid Programs<br />

Children and spouses of pastors of North Carolina<br />

Baptist churches receive an annual $800 concession<br />

if they are the children or spouses of<br />

(1) ministers, (2) missionaries of the International<br />

Missions Board of the Southern Baptist<br />

Convention, (3) officia<strong>ls</strong> of the Baptist State<br />

Convention of North Carolina, or (4) professors<br />

in North Carolina Baptist colleges or universities<br />

who are ordained ministers. Pastors<br />

themselves are a<strong>ls</strong>o eligible.<br />

Children of other ministers who are not<br />

eligible for the prior concession receive an<br />

annual $150 concession if their parents make<br />

a living chiefly by the ministry and they have<br />

demonstrated need.<br />

Church Volunteer Scholarships of $200 per<br />

semester assist students wishing to mentor<br />

with a church near the <strong>Wake</strong> <strong>Forest</strong> campus.<br />

Application is made through the associate<br />

<strong>University</strong> chaplain.<br />

Ministerial students receive an annual $800<br />

concession if they (1) have a written recommendation<br />

or license to preach from their<br />

own church body and (2) agree to repay the<br />

total amount, plus four percent interest, in the<br />

event they do not serve five years in the pastoral<br />

ministry within twelve years of attendance<br />

in the College.<br />

The North Carolina Legislative Tuition Grant<br />

(NCLTG) is provided by the North Carolina<br />

General Assembly for students who have been<br />

legal residents of North Carolina for at least<br />

twelve months prior to enrollment at <strong>Wake</strong><br />

<strong>Forest</strong>. Residency determinations are made<br />

by the financial aid office. Each year’s grant<br />

amount is subject to an annual appropriation.<br />

Grants are reduced by twenty-five percent for<br />

those students having already completed 157.5<br />

credits or 140 hours. Amounts listed on award<br />

letters are estimates only, and are subject to<br />

adjustment when the actual authorized grant<br />

is determined. Students are responsible for<br />

any difference between the estimated and<br />

actual amounts.<br />

To be eligible each semester, a student must<br />

enroll in a minimum of twelve hours or fourteen<br />

credits (through October 1 in the fall and<br />

through the tenth day of classes in the spring),<br />

and must be working toward a first bachelor’s<br />

degree. A student in the five-year BS/MS in<br />

accountancy program is not eligible during<br />

the last year of that program. Students (including<br />

those studying abroad) must submit an<br />

NCLTG application to the financial aid office<br />

by the end of the first week of classes of their<br />

first semester of each academic year.<br />

An NCLTG application (contained in the<br />

Financial Information and Billing Statement<br />

packet) is sent in the weeks before enrollment<br />

to each first-year student, and to continuing<br />

students with permanent North Carolina addresses.<br />

Students who believe they are eligible<br />

for the grant but do not receive an application<br />

may obtain one in the financial aid office; such<br />

S C H O L A R S H I P S A N D L O A N S<br />

55

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