Scholarships & Grants | Grace College & Seminary

Institutional Scholarships and Grants

Most institutional scholarships require a student to live on campus and maintain full-time enrollment. In addition, institutional aid is limited to eight semesters (four years) of eligibility. The eight semesters are limited to fall and spring semesters. Grace College reserves the right to reduce institutional aid in the event that a combination of federal, state, and institutional gift aid exceeds direct cost. Students can increase their initial merit award by increasing their standardized test scores when they retake the test by the February test date. All merit awards are based on the GPA of the student's seventh semester.

Scholarships & Grants for Freshmen
Scholarship Opportunities	Eligibility Criteria	Amount of Award	Renewability
2013 Presidential Scholarship Competition (invitation only) February 15-16, 2013 December 15 application deadline. Finalists are selected by January 15 and invited to compete on the Grace College campus. For more information, talk to your Admissions Counselor or email enroll@grace.edu.	To be considered, you must apply for admission by the December 15 deadline 3.7 GPA or top 20% class rank Score 1200 SAT* or 27 composite ACT	President’s Scholarship (1) $100,000 ($25,000 per year) Trustee Scholarships (2) $80,000 ($20,000 per year) Faculty Scholarships (5) $68,000 ($17,000 per year) Achievement Scholarships (10) $56,000 ($14,000 per year) McClain Scholarships (20) $48,000 ($12,000 per year) Winona Merit Scholarships (30) $4,000 ($1,000 per year added to scholarship offer)	Renewable based on academic good standing at the end of each year
National Merit Finalist Scholarships	National Merit Finalist	Full-tuition Automatic consideration when apply and notified when admission is granted	Renewable based on academic good standing at the end of each year
Valedictorian Scholarships	Rank 1st in a class of 10 or more Score 1300 SAT* or 29 ACT	$44,000 ($11,000 per year) Automatic consideration when apply and notified when admission is granted	Renewable based on academic good standing at the end of each year
Salutatorian Scholarships	Rank 2nd in a class of 10 or more Score 1300 SAT* or 29 ACT	$40,000 ($10,000 per year) Automatic consideration when apply and notified when admission is granted	Renewable based on academic good standing at the end of each year
Provost’s Scholarships	3.9 GPA Score 1300 SAT* or 29 ACT	$36,000 ($9,000 per year) Automatic consideration when apply and notified when admission is granted	Renewable based on academic good standing at the end of each year
Dean’s Scholarships	3.7 GPA Score 1200 SAT* or 27 ACT	$32,000 ($8,000 per year) Automatic consideration when apply and notified when admission is granted	Renewable based on academic good standing at the end of each year
Honors Scholarships	3.5 GPA Score 1100 SAT* or 24 ACT	$22,000-$28,000 ($5,500-$7,000 per year) Automatic consideration when apply and notified when admission is granted	Renewable based on academic good standing at the end of each year
Miller Merit Awards	3.2 GPA Score 1000 SAT* or 21 ACT	$14,000-$20,000 ($3,500-$5,000 per year) Automatic consideration when apply and notified when admission is granted	Renewable based on academic good standing at the end of each year
FGBC Scholarships	Participation in an FCBG church	$1,250 per year Automatic consideration	Renewable based on academic good standing at the end of each year
Grace Diversity Scholarships	Must be a U.S. Citizen and Member of minority group	Up to $4,000 per year Automatic consideration	Renewable based on academic good standing at the end of each year
Clergy Children’s Awards	Must be a dependent, unmarried child of a full-time pastor or missionary	Up to $1,250 per year Determined by demonstrated financial need through filing the FAFSA	Renewable based on demonstrated financial need through filing the FAFSA
Grace College Grants	Demonstrated financial need	Up to $4,000 per year Determined by demonstrated financial need through filing the FAFSA	Renewable based on demonstrated financial need through filing the FAFSA
Athletic Talent Awards	Athletic talent in baseball, men’s and women’s basketball, cheerleading, men’s and women’s soccer, softball, men’s and women’s tennis, men’s and women’s track/cross country, volleyball, or golf	Award amount determined by the Athletic Department/coach	Renewable based on academic good standing Participation in the sport while at Grace College
Grace College Department Awards	Major and/or minor in the following areas: Art, Business Drama Awards: Participate in some aspect of theatre production	Award amount determined by audition or portfolio review and interview	Renewable based on academic good standing Participation in the arts while at Grace College
Millennial Scholars Academy Scholarship	More information.	More information.	More information.
Church Matching Grant Program	Church participation in program Submission of church participation and student roster by August 1	Up to $500 per year matching Up to $500 from church for a total of $1,000 per year	Renewable based on continued church participation Submission of student roster by August 1

Scholarships & Grants for Transfer Students
Scholarship Opportunities	Eligibility Criteria	Amount of Award	Renewability
FGBC Scholarships	Participation in an FGBC church	$5,000 ($1,250 per year) Automatic consideration	Renewable based on academic good standing at the end of each year
Clergy Children’s Awards	Must be a dependent, unmarried child of a full-time pastor or missionary	Up to $1,250 per year Determined by demonstrated financial need through filing the FAFSA	Renewable based on demonstrated financial need through filing the FAFSA
Grace College Grants	Demonstrated financial need	Up to $4,000 per year Determined by demonstrated financial need through filing the FAFSA	Renewable based on demonstrated financial need through filing the FAFSA
Transfer Student Scholarship	Enrolled full-time at Grace Greater than 24 credit hours of transfer work GPA 4.0	$7,500 per year	Renewable based on academic good standing at the end of each year
Transfer Student Scholarship	Enrolled full-time at Grace Greater than 24 credit hours of transfer work GPA 3.9	$6,500 per year	Renewable based on academic good standing at the end of each year
Transfer Student Scholarship	Enrolled full-time at Grace Greater than 24 credit hours of transfer work GPA 3.8	$5,500 per year	Renewable based on academic good standing at the end of each year
Transfer Student Scholarship	Enrolled full-time at Grace Greater than 24 credit hours of transfer work GPA 3.7	$5,000 per year	Renewable based on academic good standing at the end of each year
Transfer Student Scholarship	Enrolled full-time at Grace Greater than 24 credit hours of transfer work GPA 3.6	$4,500 per year	Renewable based on academic good standing at the end of each year
Transfer Student Scholarship	Enrolled full-time at Grace Greater than 24 credit hours of transfer work GPA 3.5	$4,000 per year	Renewable based on academic good standing at the end of each year
Transfer Student Scholarship	Enrolled full-time at Grace Greater than 24 credit hours of transfer work GPA 3.4	$3,500 per year	Renewable based on academic good standing at the end of each year
Transfer Student Scholarship	Enrolled full-time at Grace Greater than 24 credit hours of transfer work GPA 3.3	$3,000 per year	Renewable based on academic good standing at the end of each year
Transfer Student Scholarship	Enrolled full-time at Grace Greater than 24 credit hours of transfer work GPA 3.2	$2,500 per year	Renewable based on academic good standing at the end of each year
Transfer Student Scholarship	Enrolled full-time at Grace Greater than 24 credit hours of transfer work GPA 3.2	$1,000 per year	Renewable based on academic good standing at the end of each year
Transfer Student Scholarship	Enrolled full-time at Grace Greater than 24 credit hours of transfer work GPA < 3.2, but high school cumulative GPA is ≥ 3.5	$500 per year	Renewable based on academic good standing at the end of each year
Transfer Student Scholarship	Enrolled full-time at Grace Greater than 24 credit hours of transfer work SAT is ≥ 1100 or ACT ≥ 24	$500 per year	Renewable based on academic good standing at the end of each year
Transfer Student Scholarship	Enrolled full-time at Grace Greater than 24 credit hours of transfer work Top 10% of class	$500 per year	Renewable based on academic good standing at the end of each year
Athletic Talent Awards	Athletic talent in baseball, men’s and women’s basketball, cheerleading, men’s and women’s soccer, softball, men’s and women’s tennis, men’s and women’s track/cross country, volleyball, or golf	Award amount determined by the Athletic Department/coach	Renewable based on academic good standing Participation in the sport while at Grace College
Grace College Department Awards	Major and/or minor in the following areas: Art, Business Drama Awards: Participate in some aspect of theatre production	Award amount determined by audition or portfolio review and interview	Renewable based on academic good standing Participation in the sport while at Grace College
Church Matching Grant Program	Church participation in program Submission of church participation and student roster by August 1	Up to $500 per year matching Up to $500 from church for a total of $1,000 per year	Renewable based on continued church participation Submission of student roster by August 1
All scholarships are renewable based on full-time enrollment, and academic good standing (Minimum 2.0 cumulative GPA) at the end of each academic year. For homeschool students, GPA and test scores are considered. Tuition, room, board and fees for the 2012-2013 academic year: $30,744. *SAT scores based on math and critical reading scores only.

Freshmen are automatically considered for these renewable scholarships and notified when admission is granted. For homeschool students, GPA and test scores are considered.

Federal Grants

Federal Pell Grant Program

The Federal Pell Grant is a need-based program for eligible college students. In 2013-2014, a Pell Grant for a qualified student could range from $650 to $5,645. This is an entitlement award and eligibility is determined from the FAFSA. Students are only eligible to receive Pell Grants for up to 6 full years of 12 full time semesters.

Federal Supplemental Educational Opportunity Grant

This federally sponsored grant program is to supplement other forms of assistance for students with significant financial need. The recipients are selected by Student Financial Aid in accordance with the guidelines of the U.S. Department of Education. The number and amount of these awards will depend on an annual appropriation of Congress.

State Scholarships and Grants

Students from Indiana, Pennsylvania, Rhode Island, and Vermont should apply for a state scholarship program. Information and application procedures may be obtained from the scholarship agency of the student's home state.

Local Scholarships

The Kosciusko County Community Foundation has more than 70 scholarship funds available for graduating high school seniors, current college students, and non-traditional students. For a list of scholarships, information on qualifications and eligibility, and to apply, go to the Kosciusko County Community Foundation website.

Other Scholarship Assistance

Many external organizations offer scholarship programs. Students are encouraged to investigate such opportunities. High school guidance offices and libraries often have resource materials listing these programs. Parent's employers may offer assistance. Eligible U.S. veterans or their dependents may have educational benefits available to them. Handicapped students may qualify for assistance from their state agency. Community service organizations and local bank trust departments may also have funding available. All students who receive outside scholarships must notify Student Financial Aid. Outside scholarships are always in addition to Grace College merit-based scholarships up to the full cost of attendance.

Online Resources

Scholarships

Questions?

Email Financial Aid or call 800-544-7223, ext. 6162.