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Q. What is Tuition Exchange?
A. Wentworth is a participating college in the Tuition Exchange program. Through Tuition Exchange, eligible Wentworth faculty and staff can apply for a scholarship for a dependent seeking to enter a member college as a first-time, full-time student. There are more than 640 colleges and universities who TE member institutions. A list of the participating institutions can be found at www.tuitionexchange.org.
Q. Who is eligible to apply for a Tuition Exchange Scholarship (TES) at Wentworth?
A. Full-time faculty and staff who have completed at least two years of continuous, full-time employment are eligible to apply for TE participation on behalf of their dependent children. Wentworth will export up to three dependents each year. Eligibility will be determined by seniority.
Q. What are my chances of TE consideration?
A. There is no guarantee. The TE program is not a Wentworth benefit and, therefore, you are not automatically eligible to receive it. Wentworth will certify a dependent’s eligibility for up to eight (8) semesters.
Q. How does my dependent child become eligible for a TE scholarship?
A. There are three steps in the process.
1.) The faculty or staff member submits a TE application to Susan Morin, Human Resources Manager, to determine if they are eligible based upon their length of employment. The HR Manager then submits the application to Maureen Dischino, the Tuition Exchange Liaison Officer (TELO) at Wentworth. The TELO certifies the application for up to eight semesters. The faculty/staff member must be re-certified each year.
2.) The faculty or staff member’s dependent child applies for admission to one or more TE participating colleges and submits a TE application to the college(s.)
3.) Typically, when the dependent child is admitted, the participating college determines if the TE Scholarship is awarded.
Q. What are the chances that the TE college will award my dependent child a scholarship once eligible?
A. It depends on the participating TE college policies and procedures as well as the number of TE scholarships available. Last year, TE colleges new to TE, or very large TE institutions, were more likely to offer a TE Scholarship. Also, if the number of TE applicants to a particular TE college is small, this improves the chances the TE scholarship will be awarded. It is recommended that you “conduct a school search” on the TE website to understand the TE college’s profile. See www.tuitionexchange.org.
Q. When should I apply?
A. You should apply no later than the earliest college admission deadline of the colleges that your dependent child is considering. For the program at Wentworth, we ask that you apply by November 18, 2016.
Q. What is the value of a TE Scholarship?
A. For 2017-2018, TE colleges are required to cover at least $35,000 of their charged tuition. This is called the minimum “set rate” value. If the tuition is higher, the participating TE college may offer a TE scholarship covering all or some of the remaining tuition cost. If the tuition is lower, the participating TE college may reduce the TE scholarship by federal, state and/or institutional scholarships.
The Tuition Exchange Board of Directors establishes annually the set rate value amount based on a weighted average of all participating TE college tuitions.
Q. What is the cost, if any, to the faculty or staff member for a dependent child receiving a TE scholarship?
A. There is no cost to the faculty and staff member apart from prospective housing costs. Administrative fees are covered by Wentworth.
Q. What happens if several students apply for TE at a particular TE college?
A. The participating TE college determines whom they will accept and how many students will be offered a TE scholarship. The criteria may include SAT scores, class rank, teacher recommendations, activities, financial need and/or an employee’s length of service.
Q. How was Wentworth’s TE policy developed?
A. An advisory committee established the original guidelines with approval by PAC (President’s Advisory Council.)
Q. Who administers Wentworth’s TE program?
A. The Executive Director of Admissions acts as the Tuition Exchange Liaison Officer (TELO) and is responsible for the daily administration of the program. Human Resources is responsible for certifying eligibility and maintaining Wentworth’s policies.
Q. Is there anything else that I should know about Tuition Exchange?
A. It is a good idea to apply for financial aid at the same time the admission application is filed should financial aid be necessary for enrollment. If the student waits to find out if a TE scholarship is offered before applying for aid, it may be too late to apply for the participating college’s grant aid. Also, even if a TE scholarship is offered, the student may still need financial assistance beyond the TE scholarship.
It is a good idea to learn how competitive Tuition Exchange is at an institution by checking the school’s profile on the TE website.
Q. Where can I get additional information regarding Tuition Exchange?
A. Visit www.tuitionexchange.org to review a current list of participating TE institutions.