Financial aid is an important factor for many students, and 100 percent of Manchester University students receive some combination of grants, scholarships, loans, and work. Student Financial Services will determine a student’s eligibility for financial aid by using the results of the Free Application for Federal Student Aid (FAFSA), as well as the student’s academic records and funds available.
The following steps must be taken for a student to receive a financial aid package from Manchester University:
General Financial Aid Guidelines
Enrollment Requirements. Students receiving financial aid must maintain full-time enrollment, (a minimum of 12 semester hours) in each of the fall and spring semesters. There are circumstances in which part-time students demonstrating need may be awarded financial aid depending on the guidelines and availability of federal, state and institutional funding. Part-time students must enroll in a minimum of six semester hours to maintain eligibility for institutional funds and loans.
Degree Requirements. Students must be working toward their first baccalaureate degree to be eligible for federal, state or institutional grants and scholarships. Students who have completed a baccalaureate degree are eligible for loans only.
Satisfactory Academic Progress Requirements. All sources of financial aid require that students make satisfactory, measurable academic progress toward completion of a degree. Students must maintain Satisfactory Academic Progress (SAP) requirements to remain eligible for assistance through Title IV federal grants, work, and loan programs, Indiana state grants, and gift aid administered by the University. These finanical aid standards do no replace or override University academic policies.
Students must meet the SAP standards outlined below to maintain aid eligibiity:
1-24 hours: 1.6
25-47 hours: 1.8
48+ hours: 2.0
*Transfer credits officially accepted by the University are included in the completed/attempted calculation and the maximum time period for degree completion.
Satisfactory Academic Progress is evaluated at the end of each spring semester using the official records of the Registrar. Students will be notified of their suspended financial aid eligibility if they have not maintained academic progress and may contact Student Financial Services or the Registrar about possible solutions. Financial aid will be reinstated when satisfactory academic progress has been re-established.
The complete Satisfactory Academic Progress policy can be found on the Admissions Financial Aid website.
Length of Eligibility. Financial aid packages are awarded one year at a time. All students must reapply for need-based financial aid each year. Manchester University funds are available for up to eight semesters of undergraduate study. Students from Indiana receiving state funds may receive up to eight semesters of funding for undergraduate study. Federal funding is available until the first baccalaureate degree is completed, not to exceed federal program aggregate limits.
Payment of Awards. Most scholarships, grants and loans are applied as a direct payment toward charges for tuition and fees and/or college room and board. Per federal, state and institutional awarding guidelines, one-half of the value of the total award is applied respectively to the fall and spring semester. Awards that exceed the charges listed on the statement of account may be paid to the student through Student Financial Services after the beginning of each semester for educationally related expenses such as books, transportation and personal expenses.
Adjustments to Aid. A financial aid award may be reviewed and adjusted at any time during the academic year. All adjustments are contingent upon student eligibility, program regulations, and availability of funds.
Adjustments to the total financial aid package may be required if the total amount of scholarship and grant aid awarded by the University and all other sources exceeds billable costs. Total aid for an individual student cannot exceed the total cost of attendance.
Funding from federal and state agencies may be withdrawn if the student does not comply with each agency’s requirements for clearing discrepancies.
If a student’s financial situation changes after the FAFSA has been completed, the student can request a reevaluation of his or her financial aid eligibility. Requests should be submitted through Student Financial Services. Students will be advised of any additional documentation required. Only one reevaluation of eligibility will be granted per academic year.
Appeal Procedures. Students who have lost financial aid eligibility due to extenuating circumstances may appeal in writing to the director of student financial services.
Confidentiality. In accordance with the Family Educational Rights and Privacy Act of 1974, as amended (FERPA), students must complete a release form to allow Student Financial Services staff to discuss financial matters with persons other than the student. All information and documentation submitted to Student Financial Services is held in the strictest of confidence, and students are encouraged to consider financial aid awards with the same degree of confidentiality.
*Financial aid descriptions are current. Rules, regulations and financial information required are subject to change by state and federal law.
Academic scholarships are awarded to first-time or transfer students who meet eligibility criteria, regardless of financial need. Recipients must be accepted, enrolled full time, and maintain a minimum cumulative grade point average of 2.0 for renewal. A student may receive only one Manchester University academic scholarship at a time. Manchester University funds are intended for use toward tuition, but may exceed tuition in some cases. For those students who demonstrate financial need, other grants and scholarships may be combined with academic scholarships. Adjustments will be made to aid awarded by the University if the sum of all scholarships and grants from the University exceeds the student’s billable costs.
Two full-tuition Honors Scholarships are awarded. Recipients must apply for admission by Dec. 31 and participate in Scholarship Day.
Up to 40 Trustee Scholarships are awarded each year. Any student who is admitted by Dec. 31 and is awarded the Presidential Scholarship is invited to compete for the Trustee Scholarship at Scholarship Day.
Presidential Scholarships are awarded automatically at the time of admission based on SAT/ACT scores, class rank, college prep curriculum and grade point average.
Dean’s Scholarship recipients are selected automatically at the time of admission based on SAT/ACT scores, class rank, college prep curriculum and grade point average.
The Director’s Award is given to selected students at the time of admission based on SAT/ACT scores, class rank, college prep curriculum and grade point average.
Faculty Scholarship recipients are selected automatically at the time of admission based on SAT/ACT scores, class rank, college prep curriculum and grade point average.
Founder's Scholarship recipients are selected automatically at the time of admission based on SAT/ACT scores, class rank, college prep curriculum and grade point average.
A limited number of music scholarships of up to $1000 annually is available for incoming students with vocal or instrumental talents.
In recognition of our commitments to and connections with the Church of the Brethren and our former students, an award up to $2,000 is provided to each full-time student if either a parent or grandparent attended the University or if the student is a member of the Church of the Brethren. Students who meet both criteria receive a single award.
Church Matching Scholarships
Manchester University matches local church scholarships up to a total of $500 each year. Churches must submit participation forms by June 1 for the next academic year.
Manchester University awards more than 150 scholarships and grants funded by gifts to our endowment. These awards vary in criteria and amounts and students cannot apply for these awards.
Multicultural Student Leadership Awards
The Multicultural Student Leadership Award is available to students of color. Eligible individuals must demonstrate academic potential, leadership, character and motivation. Recipients must complete 10 hours of service work per semester.
Grants (*Requires FAFSA)
Any student who demonstrates financial need is considered for a Manchester Grant. Academic scholarship recipients who demonstrate additional need beyond the amount of the scholarship also will be considered for a Manchester Grant.
Brethren Volunteer Service Grants
Students who have completed Brethren Volunteer Service assignments without salary are eligible for a tuition grant for each year of service (maximum of two). To qualify, the student must enroll full time at Manchester University within five years of completing his or her BVS service. The student also must be working on a first baccalaureate degree. The award will range from $375-$750 per year over four years of enrollment.
Federal Pell Grant*
The Federal Pell Grant is awarded by the federal government. Awards are reserved for the neediest students and range from $582 to $5,645 for those demonstrating eligibility.
Federal Supplemental Educational Opportunity Grant (FSEOG)*
Students with exceptional financial need and Pell Grant eligibility may be awarded this federal grant in amounts ranging from $100 to $4,000 per year. Awards are limited based on federal allocations to the University.
Frank O’Bannon Grant*
The Indiana Commission for Higher Education, Division of Student Financial Aid awards eligible Indiana residents grants to attend Indiana institutions. A student must demonstrate financial need by filing the FAFSA to be received by March 10 for consideration. The Division of Student Finanical Aid determines the amount of a student’s award based on financial need, high school diploma type and cost of the education. For additional information on eligibility requirements, please visit http://www.in.gov/ssaci/2346.htm.
21st Century Scholars Program*
The Indiana Commission for Higher Education, Division of Student Financial Aid awards grants to 21st Century Scholar students who attend an Indiana institution. The state will award a student attending a private institution an amount comparable to that of a public institution. Income-eligible students enroll in this program as a 7th and 8th grader and are required to fulfill a pledge of good citizenship. For additional informaiton on eligibility requirements, please visit http://www.in.gov/ssaci/2345.htm.
Other State Grants
Some other states permit their residents to utilize state grants at out-of-state colleges. Check the regulations in your home state.
Federal Perkins Loans*
The Federal Perkins Loan is awarded to students who demonstrate financial need. Amounts awarded for this loan range from $100 to $5,500, but may be limited by the total funds allocated to the University by the federal government. No payments or interest are due on the Perkins Loan until nine months after the student ceases to be enrolled at least half time. Interest is fixed at 5 percent.
Federal Stafford Loans*
The Federal Direct Stafford loan is a fixed rate loan. Under the subsidized program, the government pays any interest that accumulates while the student is enrolled at least half time. If the student does not qualify for the interest subsidy, the unsubsidized loan is available. Under the unsubsidized program, the student is responsible for any interest that accumulates. Maximum annual loan limits are as follows: $5,500 for first year students, $6,500 for sophomores, and $7,500 for juniors and seniors.
Students have a six month grace period after they leave school, graduate, or fall below half-time status before they go into repayment. All first-time borrowers are required to complete a master promissory note (MPN) and entrance counseling before their loan funds are disbursed to their student account.
Federal Direct Parent PLUS Loan
The Federal Direct Parent PLUS Loan is available for credit-worthy parents to borrow on behalf of their undergraduate student. It carries a fixed rate of 7.9 percent with repayment beginning 60 days after the loan is fully disbursed. The parent can borrow up to the cost of education minus any financial aid received.
For application information on the federal loan programs please visit http://studentloans.gov.
Federal Work-Study Employment*
Students who have financial need may be awarded Federal Work-Study. Employment for such students indicates that their pay is partially subsidized by the federal government. The Office of Human Resources handles all on-campus student employment. Students can work a maximum of 20 hours per week during the academic year and 40 hours per week during breaks and in the summer. Employment is not guaranteed.
Part-time campus employment is available to all MU students.
Off-campus jobs are available in the community. The Office of Career Services acts as a clearinghouse for some of these job opportunities.
Many financial aid funds (scholarships, awards, loans, grants) provided by sponsors such as business, industry, labor unions, service clubs, etc., may be used at Manchester University.
Other possible sources of aid that can be used at Manchester include funds secured through the Veterans Administration and the Vocational Rehabilitation Division of various states.
*Requires submitting Free Application for Federal Student Aid (FAFSA).