Full-time Undergraduate Students
If you received an IIT undergraduate tuition scholarship (such as Heald, Camras, Presidents, etc.) in the 2006-2007 academic year, you will be entitled to the same level of scholarship support over Summer 2007.The Summer Continuation Scholarship is applicable towards undergraduate courses applicable to their undergraduate degree. The practice of accepting petitions for summer tuition scholarships on a case-by-case basis has been discontinued. Examples calculating the Summer Continuation Scholarship for students in several different situations are given below.
Example A
| Financial Aid Award |
Award Received Fall 2005 |
Award Received Spring 2006 |
Applicable to Summer Scholarship Calculation |
| MAP |
$2,235.50 |
$2,235.50 |
0 |
| Presidents' Scholarship |
$2,185 |
$2,185 |
$4,370 |
| Athletic Scholarship |
$2,000 |
$2,000 |
$4,000 |
| Perkins |
$1,000 |
$1,000 |
0 |
| Subsidized Loan |
$2,500 |
$2,500 |
0 |
| Monash Loan |
$2,500 |
$2,500 |
0 |
Student A would receive a Summer Continuation Scholarship covering 8,370/22,218 or 38% of the 2007 summer tuition charge for courses applicable to his/her undergraduate degree. So, for example, if Student A took one 3 credit hour course in the summer at $692/credit hour, the tuition charge would be $2,076; the scholarship would cover (0.38)(2076) = $788.88 of the tuition charge.
Example B
| Financial Aid Award |
Award Received Fall 2005 |
Award Received Spring 2006 |
Applicable to Summer Scholarship Calculation |
| Camras Scholarship |
$11,109 |
$11,109 |
$22,218 |
| Room and Board |
$2,300 |
$2,300 |
0 |
| Alumni Scholarship |
$500 |
$500 |
$1,000 |
Student B would receive a Summer Continuation Scholarship covering 23,218/22,218 or 100% of the 2007 summer tuition charge for courses applicable to his/her undergraduate degree. Note that room and board scholarships are not considered in the calculation. Also note that there is a maximum benefit of 100% of tuition.
Example C
| Financial Aid Award |
Award Received Fall 2005 |
Award Received Spring 2006 |
Applicable to Summer Scholarship Calculation |
| International Scholarship |
$2,025 |
$2,025 |
$4,050 |
| Room and Board |
$1,560 |
$1,560 |
0 |
Student C would receive a Summer Continuation Scholarship covering 4050/22,218 or about 18% of the 2007 summer tuition charge for courses applicable to his/her undergraduate degree. Note that the room and board portion of a scholarship is not considered in the calculation.
Example D
| Financial Aid Award |
Award Received Fall 2005 |
Award Received Spring 2006 |
Applicable to Summer Scholarship Calculation |
| Heald Scholarship |
0 |
$5,000 |
$5,000 |
| Federal Work Study |
0 |
$600 |
0 |
Student D would receive a Summer Continuation Scholarship covering 5,000/11,109 or about 45% of the 2007 summer tuition charge for courses applicable to his/her undergraduate degree. Note that Student D is an example of a student who did not receive an IIT award in the fall. He/she could have been a part-time student or a co-op student in the fall; or he/she could have been a new student in the spring. |