2008-2009 Academic Year
Loyola College in Maryland is 1 of approximately 570 colleges and universities that participate in the Tuition Exchange Program, Inc. (TEP) www.tuitionexchange.org. Through this program, dependent children of faculty, administrators, and staff are eligible for tuition remission at their parent’s home institution and may qualify for tuition remission at other participating colleges and universities. Transfer applicants will not be considered for the TEP benefit. Procedures: - Obtain certification of your eligibility for the TEP benefit. Request the TEP Administrator at your home institution to notify Loyola College that you are eligible and wish to be considered for the benefit.
- Apply for admission to Loyola College. You must be accepted for admission before you can be considered for the TEP benefit. TEP certification does not automatically qualify you for admission, nor does an offer of admission mean that a space will be automatically available in Loyola’s TEP Program.
- Spaces in the Tuition Exchange Program are limited and are awarded on a competitive basis considering high school academic record and SAT results. The determination of your eligibility for a space in the Tuition Exchange Program will not be made until you are certified as eligible and accepted for admission. The TEP certification statement and all admissions application material must be received by Loyola College no later than December 15, 2007.
- If you are accepted for admission, you will be notified of your eligibility for the TEP benefit no later than April 1, 2008. If you are not offered the benefit, your name will be placed on a waiting list and you will be notified of your exact ranking on the waiting list. Students who choose to attend Loyola without the TEP benefit will be given highest priority for any new spaces that become available in the program.
- It is recommended, but not required, that you apply for financial aid. It is possible that a financial aid offer may make it financially possible to attend Loyola College if a space in the Tuition Exchange Program is not available.
- A $500 deposit is required to reserve a space in the freshman class and in on-campus housing. The deposit deadline is May 1, 2008, so it is important for you to submit your deposit as soon as you make the decision to attend Loyola. Receipt of the TEP benefit does not automatically guarantee a class or housing space. The $500 deposit is non-refundable unless class and housing space is not available.
Terms and Conditions: - TEP benefit recipients must enroll as full-time degree-seeking undergraduates and make satisfactory academic progress toward a degree.
- The value of the TEP benefit at Loyola College is limited to 85 percent of tuition. TEP benefit recipients are expected to complete their degree within eight consecutive fall and spring semesters if the benefit is awarded as an entering freshman; in six consecutive semesters if the benefit is awarded as a sophomore; or four consecutive semesters if the benefit is awarded as a junior. The benefit does not cover tuition for part-time, summer, or graduate course enrollment, nor does it cover fees, room, meal, or book expenses.
- Use of the TEP benefit for study-abroad is limited to Loyola College-Sponsored and Loyola College-Exchange programs. The benefit may not be used to pay tuition for study abroad programs sponsored by other colleges and universities.
- TEP recipients are not eligible to receive any type of institutionally-funded academic scholarship or need-based grant assistance from Loyola College. Scholarships/grants from non-institutional sources will be added up to the maximum value of remaining tuition, additional fees, and room charges before reducing the TEP benefit.
- TEP recipients must have their parent’s home institution recertify eligibility for the benefit annually. Recertification statements must be submitted no later than May 1 each year.
Address additional questions concerning the Tuition Exchange Program to: Mark L. Lindenmeyer
Director of Financial Aid / TEP Administrator
(410) 617-2576
800-221-9107
Fax: (410) 617-5149
lindenmeyer@loyola.edu |
