Admissions & Financial Aid Sources of Aid
Wabash College has a long tradition of offering one of the most generous scholarship programs of any college or university in the country. The extraordinary generosity of Wabash alumni and friends over the years has enabled us to maintain this outstanding merit scholarship program. Likewise, your potential support as a Wabash College alum will enable future generations of Wabash men to enjoy the same caliber of education that you are about to experience first hand. The information contained here should answer your basic questions about Merit Scholarships and our policies governing the same.
|Value||How to Apply||Selection Criteria|
|Top Ten Scholarship|
|$70,000 over four years; $17,500 per year.||Complete application for admission and attend the Top Ten Scholarship Visit Day.||Top 10% of class and participate in the Top Ten Program on February 17, 2014.|
|Top Twenty Scholarships|
|$60,000 over four years; $15,000 per year.||Complete application for admission and visit campus by February 14, 2014.||Top 20% of class and make a campus visit by February 14, 2014.|
|Wabash College Lilly Award|
|Tuition, fees, room and board each year.||The admission and Lilly Award applications must be received by March 1, 2014. Must visit campus by March 24, 2014 to be considered.||Character, creativity, and academic accomplishment. Finalists interviewed on campus April 10-12, 2014. Estimated value of $170,000 over four years.|
|Up to $100,000 over four years; $25,000 per year.||Apply for admission and register for examinations by March 14, 2014.||Written exams given on campus March 21-22, 2014. Must be admitted by April 1, 2014 in order to be eligible.|
|Fine Arts Scholarship|
|Up to $60,000 over four years; $15,000 per year.||The application for admission and the Fine Arts application and materials must be received by March 1, 2015.||Excellence in the fine arts: creative writing, music, theater, visual arts. Finalists will audition/display work on campus March 20-21, 2014.|
|Wabash Boys State Scholarships (non-Indiana residents)|
|$50,000 over four years; $12,500 per year.||Complete Early Decision or Early Action application by December 1, 2014||Attend Boys State in your home state and visit campus by February 14, 2014.|
|$20,000 to full tuition over four years; $5,000 to full tuition per year.||Apply for Admission and submit CSS/PROFILE (cost to complete = $25)||Based on strength of curriculum, class ranks, cumulative high school GPA, and SAT and/or ACT scores. Financial need is a factor in the determination of the level of the scholarship value.|
|The primary criteria for the President's Scholarship program are curriculum, class rank, cumulative high school GPA, and SAT and/or ACT scores. However, we also consider if the student's academic record is consistently strong. The amount of the scholarship award level may also be influenced by additional factors. These include the student's financial need, course selection relative to courses available at the student's high school, academic competition within the high school, and the ethnic and/or geographic diversity the student brings to the Wabash community, special talents, and demonstration of outstanding leadership. These additional factors may be considered as "plus factors" in the awarding of President's Scholarships. Students must have a minimum cumulative GPA of 3.25/4.0 to be considered.|
|Federal Pell Grant||Financial need; Must file a FAFSA||Up to $5730||Does not have to be repaid|
|Federal SEOG||Financial need; Must file a FAFSA||$100 - $4000||Does not have to be repaid|
|Federal TEACH Grant||Must file a FAFSA||Up to $4000||Does not have to be repaid unless student fails to carry out required service obligation|
|Indiana Grants||Indiana resident; Must file a FAFSA||$600 - $10300||Does not have to be repaid; Required to meet completion requirements to renew awards|
|Wabash Grants||Based on financial need as determined by the FAFSA and CSS/PROFILE||Amount varies||Does not have to be repaid|
LOANS and WORK
|Federal Direct Subsidized Stafford Loan||Financial need; Must file a FAFSA||
Freshman - $3500
Sophomore - $4500
Junior/Senior - $5500
|Must be repaid with interest after graduation or separation from college|
|Federal Direct Unsubsidized Stafford Loan||Non-need based||
Freshman - $5500 (less any subsidized funds received for the same period)
Sophomore - $6500 (less and subsidized funds received for the same period)
Junior/Senior - $7500 (less and subsidized funds received for the same period)
|Must be repaid with interest; Additional unsubsidzed funds available for students deemed independent by the Department of Education|
|Federal Direct PLUS Loan||Must file a FAFSA||Up to total cost of attendance less other financial assistance received||Parent borrows on behalf of the student to cover expected contribution; Must be repaid with interest|
|Wabash College Subsidized Loan||Need based; Awarded on a limited basis||Amount varies||Must be repaid with interest after graduation or separation from the college|
|Private Loans||Non-need based||Up to total cost of attendance less other financial assistance received||Must be credit-worthy or have a credit-worthy co-signer; Must be repaid with interest|
|Federal Work Study||Must file a FAFA||Amount varies||Money earned while attending school; Does not have to be repaid|
|Wabash Internships and Student Employment||Need-based; Awarded on a limited basis||Amount varies||Money earned while attending school; Does not have to be repaid; May be applied toward your student account|
Merit-Based Scholarship Policies
Students selected to receive more than one Wabash merit-based scholarship will receive the monetary value of their highest award plus a maximum of $1,000 to represent each additional scholarship of a lesser monetary value. The maximum combination of merit-based funds is capped at $24,000/year. Students selected as Lilly Award recipients are not eligible for additional Wabash merit-based scholarships. Students selected to receive a full-tuition scholarship or benefit through Wabash are not eligible for additional Wabash merit-based scholarships.
Wabash College is a member of the NCAA Division III. Consequently, we cannot consider athletic participation, ability, or leadership roles in the awarding of Wabash scholarships.
Scholarship Integration into Need-based Aid
By Federal regulation, need-based financial aid can be no greater than a student’s demonstrated financial need. Therefore, if the student’s demonstrated need is greater than his merit award/s, the merit award/s will be integrated into his overall need-based aid award. In limited cases, this may necessitate the reduction of merit award/s, but in no case will the aggregate scholarship/grant funds be less than the value of the merit award/s. If a student with need-based financial aid and/or merit award/s receives outside scholarships, the outside funding may reduce or eliminate other aid. Outside scholarships and awards do not affect the value of other aid unless the total of all awards exceeds total direct costs (tuition, on-campus room and board), and books.
Outside Scholarships/Gifts and Integration into Financial Aid Award
Students must notify the Financial Aid Office of all outside scholarships and awards received. These awards will be incorporated into the student’s Financial Aid Award on a pending basis until funding for each award is received by the College. Outside scholarships typically do not affect the value of merit-only awards unless the total of all awards exceeds the direct educational costs (tuition, fees, room and board charges). Outside scholarship and award checks must be sent to the Financial Aid Office in order to be processed and applied to the student’s tuition invoice. Unless otherwise specified by the awarding agency, all outside scholarships and award funds are distributed evenly between the fall and spring semesters.
Merit-based scholarship recipients are expected to maintain the following Continuance in College Standards:
Course Credits GPA
End of Freshman Year 6 1.5
End of Sophomore Year 14 1.7
End of Junior Year 24 1.85
For more information on continuance requirements, please click here.
Merit-based scholarships offered by Wabash College are four-year awards (eight semesters) for students entering as first-year students. Any semester during which a student enrolls at Wabash and subsequently withdraws is considered a semester of eligibility “used.” A semester of enrollment at another college/university will count as a semester of “used” scholarship eligibility if the student transfers at least three credits back to Wabash. Semesters of attendance elsewhere will not count if the student transfers back fewer than three course credits.