Full-time Undergraduate Students
If
you received an IIT undergraduate tuition scholarship (such
as Heald, Camras, Presidents, etc.) in the 2007-2008
academic year, you will be entitled to the same level of
scholarship support over Summer 2008.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 2007
|
Award Received Spring 2008 |
Applicable to Summer Scholarship Calculation |
| MAP |
$2,235.50 |
$2,235.50 |
0 |
| Presidents' Scholarship |
$2,368 |
$2,368 |
$4,736 |
| 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 8,736/24,962 or 35% of the 2008 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 $778/credit hour, the tuition charge would be
$2,334.00; the scholarship would cover (0.35)(2334) = $816.90
of the tuition charge.
Example B
| Financial Aid Award |
Award Received Fall 2007 |
Award Received Spring 2008 |
Applicable to Summer Scholarship Calculation |
| Camras Scholarship |
$12,481 |
$12,481 |
$24,962 |
| Room and Board |
$2,300 |
$2,300 |
0 |
| Alumni Scholarship |
$500 |
$500 |
$1,000 |
Student B would receive a Summer Continuation Scholarship covering 24,962/24,962 or 100% of the 2008 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 2007 |
Award Received Spring 2008 |
Applicable to Summer Scholarship Calculation |
| International Scholarship |
$3,495 |
$3,495 |
$6,990 |
Student C would receive a Summer Continuation Scholarship covering 6,990/24,962 or about 28% of the 2008 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 2007 |
Award Received Spring 2008 |
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 5,000/12,481 or about 40% of the 2008 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. |
