Published on Rhodes College: Rhodes Catalogue (https://catalog.rhodes.edu/)

Financial Aid

Financial Aid

Rhodes invests substantial funds in institutional financial assistance to help make it possible for students who are admitted to the College to attend. Currently, approximately 90% of Rhodes students receive some form of federal, state, institutional, or outside financial assistance, with total assistance amounting to over $100 million.

Most aid awarded by the College is offered as a combination of grant, loan and student employment. Rhodes takes full advantage of the available federal and state financial assistance programs when awarding financial aid to students. Additionally, through the generosity of loyal alumni and other friends of the College, Rhodes students benefit from a generous competitive fellowship and scholarship program.

General Policies

  • The Office of Financial Aid will communicate with students primarily via the Rhodes-assigned student email address. It is the student's responsibility to communicate with parents concerning financial aid award information, requirements, etc. A student may not receive aid (scholarships, fellowships and/or grants) in excess of the total cost of attendance at Rhodes (tuition, fees, housing, food as well as an estimated allowance for books, transportation, and personal/living expenses). If the total amount of aid from all sources (Rhodes federal, state, private) exceeds Rhodes’ total cost of attendance, aid will be reduced according to federal, state and institutional guidelines.
  • In general, information about the student's financial aid award(s), requirements for completing the financial aid process, cost of attendance, etc. may be found on LynxPartner.  The Office of Financial Aid does not mail paper award letters or documents to Rhodes students' home address.  Updated awards are made available via LynxPartner in March of each year.
  • The total amount of Rhodes-funded gift aid (scholarships, fellowships and/or grants) a student is eligible to receive may not exceed Rhodes' direct cost of attendance (tuition, fees, food and/or housing). If the total amount of Rhodes-funded gift aid exceeds the direct cost of attendance, a portion of the Rhodes gift aid will be reduced to not exceed the amount of tuition, fees, Rhodes housing and/or eligible meal plan charges. 
  • Rhodes scholarships, fellowships and grants are based on a normal course load (12 - 18 credits under the Foundations Curriculum). Additional costs incurred by a student taking an overload will be incurred at that student’s expense.
  • Rhodes scholarships, fellowships and grants are provided only to students enrolled full-time (at least 12 credits) as of the last day of the extended drop period. Seniors who need less than twelve (12) credits to graduate in their final semester are NOT exempt from this policy.
  • Institutional funds will be awarded for each classification year (i.e. first-year, sophomore, etc.) only once. A maximum of two semesters of assistance will be awarded for any classification. Exceptions to this may be made by formal approval by the Accessibility Support Committee.
  • Students, who graduate early because of overloads, summer course work, etc., forfeit aid for the semester(s) not enrolled. Students who accept/decline financial aid awards via LynxPartner are electronically signing their award and agree to the terms of the financial aid package as listed in the Rhodes College Catalogue, in other Rhodes publications, and on the Rhodes website
  • The following are the definitions for enrollment status for financial aid, including Rhodes scholarships, fellowships and grants
    • Full time: 12 credits or greater
    • ¾ Time: 9-11credits
    • ½ Time: 6-8 credits

Course Program of Study (CPoS)

The U.S. Department of Education regulations require that the student be enrolled in an eligible degree-seeking or certificate-seeking program to receive federal financial aid (grants, loans, the Federal Supplemental Educational Opportunity Grant, work-study compensation, etc.) known as the Course Program of Study (CPoS). To qualify for federal and state financial aid, the student must be enrolled in courses that are applicable toward the student's degree or certificate.

If a student is enrolled in courses that are not required to complete his or her eligible degree or certificate, the student's financial aid award could be prorated or cancelled as required by the U.S. Department of Education and Tennessee Student Assistance Corporation (TSAC).

Course Program of Study (CPoS) refers to all courses needed to earn your degree: Major concentration, eligible minor, general education, and elective courses within your declared major. If you haven't chosen a major yet and you are designated as Academic Focus Area-Gen Ed Core this is your program of study.

Only courses in your program of study count towards your enrollment status for federal financial aid (Pell, Student Equal Opportunity Grant (SEOG), Loans, and Federal Work Study (FWS)), and state aid programs (Tennessee HOPE, Tennessee GAMS, Tennessee Aspire, Ned McWherter, Tennessee Grant Program.)

Definitions

  • Cost of Attendance (COA): This includes tuition, fees, estimated housing and food, estimated cost of books, estimated personal/living costs and estimated transportation costs). The term “Direct COA” only includes tuition and fees. Room and board is included as "Direct COA" only for students who reside at or have purchased a meal plan through Rhodes College. When calculating Rhodes scholarships or grants based on tuition, fees, and room and board, the amount used for room is the average amount charged by the College for a student at the multiple occupancy rate for that dorm; the amount used for board is the current on-campus 21-meal plan rate.
  • Student Aid Index (SAI): An index used to determine the families ability to  contribute for the student’s education for a given academic year. The SAI is calculated by the FAFSA and the CSS PROFILE and assumes families will finance education utilizing current income, past savings, and student and/or parental borrowing.
  • Demonstrated Need: The difference between the COA and the SAI.
  • Free Application for Federal Student Aid (FAFSA): A financial aid application used in awarding federal and state grants, scholarships, and loans and student employment.
  • Institutional Supplemental Application: May be completed in place of the CSS PROFILE to determine Rhodes Grant funding. Only needed first year.
  • CSS PROFILE: A financial aid application used by Rhodes to determine Rhodes Grant funding. The CSS PROFILE is a product of The College Board.
  • Satisfactory Academic Progress (SAP): Federal and institutional requirement that students consistently progress toward completion of a degree; includes GPA and earned hours measured at the end of each academic year.

Financial aid Application Procedures for Prospective Students

All prospective students who want consideration for federal, state, and institutional assistance, including Early Decision applicants, must complete the FAFSA to receive federal and/or state aid. Failure to complete the FAFSA will result in the reduction or elimination of awarded federal aid. The Title IV Code for Rhodes to receive FAFSA results is 003519.

All prospective students who want consideration for institutional financial assistance, including Early Decision applicants, must complete the CSS PROFILE or the Institutional Supplemental Application to receive institutional grant funding. Failure to complete one of these applications may result in the reduction or elimination of awarded institutional aid. The code for Rhodes to receive the CSS PROFILE results is 1730.

 Submit the CSS PROFILE (https://cssprofile.collegeboard.org) or Institutional Supplemental Application (student portal) and/or the FAFSA (www.fafsa.gov) by the following dates, according to admission plan:

  •  
    • Early Decision     - November 1
    •  Early Action        - November 15
    • Early Decision II  - January 15
    • Regular Decision - January 15

Notification of financial aid awards for admitted applicants are as follows:

  •  
    • Early Decision                 - beginning November 15
    • Early Decision II              - notified on a rolling basis beginning November 29
    • Early Action applicants    - January 15
    • Regular Decision             - March 15

Financial aid Application Procedures for Transfer Students

A student transferring to Rhodes who is seeking financial assistance must submit a CSS PROFILE (https://cssprofile.collegeboard.org) or Institutional Supplemental Application by March 1 and a valid FAFSA (www.fafsa.gov) by March 1 in order to determine financial need for the upcoming year.

A transfer student shall be eligible for all forms of financial aid (except Bellingrath Fellowships, Bonner Scholarships, ACS and Day Scholars) provided:

  • The student’s previous college academic record is commensurate with the requirements for the award (a 3.50 minimum grade point average is required for a Hon Scholarship and a 3.75 minimum grade point average is required for any scholarships or fellowships of greater value such as Morse and Cambridge Scholarships).
  • The student would have been awarded the award had the student entered Rhodes during the first year in college.

NOTE: The number of semesters for which a transfer student may receive Rhodes-funded aid is based on the classification of the student upon enrollment. For example, if a transfer student enrolls at Rhodes as a sophomore, that student may receive Rhodes-funded aid for a total of six (6) semesters. A student enrolling as a junior may receive Rhodes-funded aid for a total of four semesters, and so forth.

Financial Aid Application Procedures for Currently Enrolled/Returning Students

Currently enrolled/returning students who wish to continue eligibility for federal financial aid and for the Tennessee Education Lottery Scholarships (TELS) and the TN State Grants (for Tennessee residents) must complete the FAFSA. Rhodes encourages students to complete the Renewal FAFSA as soon as possible prior to March 1. Returning Tennessee students who qualified for the State grant (TSAA) in previous years must complete the FAFSA by February 1 to be considered for renewal.

The Department of Education will send FAFSA renewal notices to students in October of each year via email. Returning students who are reapplying for financial aid do not need to resubmit the CSS PROFILE or the Institutional Supplemental Application.

Financial Aid Awards

If the results of the FAFSA reveal that a student has a financial need, Rhodes generally offers the student a financial aid award that consists of gift aid (federal and state grants) and self-help (loans and student employment). Rhodes funds, federal funds, state funds and funds provided to the student through outside organizations are all considered a part of the need-based financial aid package and are applied to need first, per federal regulations. The need-based programs commonly available at Rhodes are listed below.

  • Institutional Grants
    • Rhodes Grant: Rhodes Grants are considered need-based awards. Rhodes uses this funding to meet need and/or to offer assistance based on the overall characteristics of students who show promise of success at Rhodes as well as the ability and desire to take full advantage of all Rhodes has to offer. The annual value of a student’s Rhodes Grant remains constant throughout the student’s tenure at Rhodes. Exceptions to this are within the purview of the Financial Aid Office in response to extreme increases in demonstrated financial need documented through the completion of the Special Circumstance Request and other supporting documents that may be required.
    • Rhodes On-Campus Housing Grant: This need based grant is awarded to offset direct costs associated with living in on campus housing.  A student who chooses to live off campus may no longer be eligible to receive this grant. However, this grant may be used to offset the cost of a meal plan up to the amount of the initial Rhodes On Campus Housing Grant for students who have satisfied their three-year residency requirements.  Students who request an appeal to move off campus prior to completing the three-year requirement will no longer qualify for this grant.
    • Ministerial Grant: As a church-related college, Rhodes will assist children of Presbyterian Church (U.S.A.) ministers with a $1,000 ministerial grant above any Rhodes grant or scholarship previously awarded. Dependents of PCUSA ministers should indicate their interest in the Ministerial Grant on the Rhodes Part I Application for Admission/Common Application Supplement.
  • Federal Grants
    • Federal Pell Grant: The federal government provides direct assistance to eligible students through the Federal Pell Grant Program. Eligibility for the Federal Pell Grant is determined by the results of the FAFSA.
    • Federal Supplemental Educational Opportunity Grant (SEOG): Federal Supplemental Educational Opportunity Grants are awarded by Rhodes to Pell Grant recipients showing exceptional financial need, and are in addition to the Pell Grant. SEOG funds are limited and are awarded until funds are exhausted.
  • Tennessee State Awards:
    • Tennessee Student Assistance Award (TSAA): Students who are residents of Tennessee apply for the TSAA via the FAFSA. To be eligible, a student must have:
      • Graduated from a Tennessee highschool
      • Been a continuous resident of Tennessee for the twelve-month period preceding the start of the academic year for which the grant is made.
      • An SAI of or below $7200 (subject to change per state funding).

    • In addition:

      • Returning students wishing to renew the award must complete the FAFSA before February 1 remain eligible. Further information may be obtained from the Tennessee Student Assistance Corporation. The State of Tennessee is the final authority on eligibility for the program. Rhodes is not responsible for replacing lost state grant funding.
      • Contact: Phone: ( 800) 342-1663 or (615) 741-1346, Website: www.TN.gov/collegepays.html

       

    • Tennessee Education Lottery Scholarship Program (TELS): The TELS Program includes the HOPE Scholarship, the General Assembly Merit Scholarship (GAMS), the ASPIRE Award and the Ned McWherter Scholarship (all detailed below). The State of Tennessee offers scholarships of up to $7500 for Tennessee residents who attend an approved college or university in Tennessee. TELS funding requires the submission of the FAFSA and must be completed by state-established deadlines as indicated on the FAFSA website at www.fafsa.gov.  Recipients of the TELS who begin enrollment in any term as a full-time student must maintain full-time status throughout the semester to continue receiving this award. Exceptions to this rule must be approved by the Standards and Standing Committee prior to the student’s dropping below full-time status. Only medical and family emergency issues are considered for exceptions.  Recipients of the TELS must complete the FAFSA every year by the state-established deadline as printed on the FAFSA. The State of Tennessee is the final authority on eligibility for the program. Rhodes is not responsible for replacing lost state grant funding. Information on all requirements for the TELS Program may be found at www.TN.gov/collegepaystn.html.  

       

    • HOPE Scholarship: Awarded $4500 for years one and two; $5700 for years three and four.  Students must maintain a minimum 2.75 GPA during the first 48 credit hours earned and 3.0 subsequent terms until graduation.  The HOPE scholarship is awarded for up to 5 years or until a student receives their Bachelor's Degree, whichever comes first. Students who start the semester as a full-time student must remain full time throughout the semester, or they will no longer be eligible for the HOPE Scholarship. Tennessee Residents eligible for the HOPE Scholarship, who start the semester as a part time student, may be eligible for a prorated HOPE award if they remain enrolled at least half-time throughout the entire semester. Students enrolled a minimum of 6 hours over the summer may be eligible to receive a HOPE award.
      • Aspire Award: An additional $1500 is awarded to HOPE Scholarship recipients whose family reports an adjusted gross income of $36,000 or less.
      • General Assembly Merit Scholarship (GAMS) Supplement: An additional $1000 is available to HOPE Scholarship recipients based on academic performance in high-school.  Students must have scored a minimum of 29 on the ACT (or equivalent score on SAT) AND a minimum 3.75 final GPA based on uniform grading policy. Students must be HOPE eligible and not qualify for the Aspire Award.

      • Ned McWherter: A $3000 competitive scholarship awarded to entering freshman who scored a minimum of 29 on the ACT (or equivalent SAT score) AND a minimum 3.5 final GPA based on uniform grading policy. A 3.2 GPA must be maintained in college for renewal up to 8 consecutive terms. Merit scholarships offered by the college at time of admission is considered matching dollars awarded for this award. Applications available at www.TN.gov/collegpays/student_portal.htm

         

    • SEB Scholarship:  A scholarship for students who are residents of the following counties in Tennessee: Bradley, Hamilton, Knox, Loudon, McMinn, Meigs, Putnam, or Rhea County, Typically one SouthEast Bank (SEB) Scholarship is awarded biannually. Students are nominated by the Financial Aid Office and selection of scholarship is based on the student’s community service/leadership record, academic achievements and financial need. The SEB Scholarship has a stipend of $7,000 per year for four years and will be renewed yearly as long as the recipient remains a full-time student at Rhodes and maintains a 2.5 grade point average. The scholarship is funded by SouthEast Bank located in Knoxville, TN.

  • Loans

    • Federal Direct Student Loan Program: These federal loans are available as follows:
      • $5,500 are available to first-year undergraduate students
      • $6,500 upon earning 30 credits for the sophomore year
      • $7,500 upon earning 63 credits and for each of the remaining years of undergraduate study.

             Federal Direct Loans are either subsidized or unsubsidized:

    •  
      • Subsidized: The federal government pays the interest while the student is enrolled in an eligible institution on at least a half-time basis.
      • Unsubsidized: The student is responsible for interest payment while enrolled at least half-time.

             Repayment details for both subsidized and unsubsidized loans:

    •  
      • Repayment begins six months after the student graduates or ceases to be enrolled at least half-time.
      • The standard repayment period is ten years, and the interest rate for loans borrowed in a given year are fixed by the DOE annually  for both subsidized Federal Direct Loans and unsubsidized Federal Direct Loans.
      • This rate may change on July 1st each year as determined by federal appropriations.
    • Federal Direct Unsubsidized Loan for Graduate Students: These federal loans are available to students pursuing a graduate degree at Rhodes. The annual loan limit for a graduate or professional student is $20,500.  The interest rate changes each July 1 as determined by federal appropriations. The current interest rate can be found at https://studentaid.gov/understand-aid/types/loans/interest-rates 
    • Federal Direct Parent Loan for Undergraduate Students (PLUS) program: The parent of an undergraduate student may be eligible to borrow the cost of education at Rhodes less any financial assistance the student receives each year for educational expenses.   PLUS applicants are subject to credit approval. The interest rate changes each July 1st as determined by federal appropriations.  The current interest rate can be found at https://studentaid.gov/understand-aid/types/loans/interest-rates. 
    • Federal Direct GRAD (PLUS) Program: A student enrolled in a graduate program may be eligible to borrow the cost of education at Rhodes less any financial assistance the student receives each year for educational expenses.  PLUS applicants are subject to credit approval. The interest rate changes each July 1 as determined by federal appropriations.  The current interest rate can be found at https://studentaid.gov/understand-aid/types/loans/interest-rates.  
    • Other Loans
      • Student Loan of the Presbyterian Church (U.S.A.): Up to $1,000 annually may be borrowed from the Student Loan Fund administered by the General Mission Board on behalf of the Presbyterian Church. The student must have been a member of the denomination continuously for at least one year immediately preceding the date of application. Evidence of financial need is required. Students interested in this loan should address all communications to:

                         Presbyterian Church (U. S. A.

                         Office of Financial Aid for Studies

                         100 Witherspoon Street

                          Louisville, KY 40202-139

                         Telephone: (888) 728-7228

                         http://www.pcusa.org/financialaid (http://www.pcusa.org/financialaid)

    •  
      • Private Loans Rhodes students and parents have the opportunity to borrow non-federal educational loans, called "Private Loans" (also known as alternative loans), to help with college expenses. Numerous lending institutions offer private educational loans, which may be combined with federal loans up to the cost of attendance. Rhodes maintains a historical lenders’ list, which includes private educational loans that our students have used over the past five (5) years. Please note that this list is not inclusive, ordered by preference, or an endorsement of any specific lender.  FastChoice | Home (fastproducts.org)

  •                   If you have questions, please contact:

                      Office of Financial Aid

                      Phone: 901-843-3278 (local) 800-844-5969 (toll-free)

                      Email: finaid@rhodes.edu

    Student Employment

    Student employment programs at Rhodes include the Student Employment Program @ Rhodes (SE@R) and the Rhodes Student Associate Program (RSAP). When an offer of student employment of any type is extended by the College and accepted by the student, this offer does not guarantee that the student will earn the full amount awarded. The student will be paid only for the hours worked, as the award amount represents maximum gross wages a student may earn. Earnings are paid directly to the student; they are not credited to the student’s account in the Bursar’s Office. To begin work, a student employee must have submitted an I-9 and a W-4 form to the college. These documents must be submitted to Rhodes Express with proper identification in person for processing. 

    • Student Employment Program @ Rhodes (SE@R) has two options based on financial need:
      • Federal Student Employment Program (FWS): Through the Federal Student Employment Program, part-time employment is offered to students to help them meet their financial need. A student may work for no less than the prevailing minimum wage rate for an average of ten (10) hours per week while enrolled as a regular student during the academic year.
      • Rhodes Student Employment Program (CCE): Employment on the campus may be offered through the Rhodes Student Employment Program to students who do not demonstrate financial need. In these cases, employment will be offered only after those commitments made to students eligible for the FWS Program (described above) are honored. Students in this category (no demonstrated need) who desire employment on campus should contact the financial aid office. A student may work for no less than the prevailing minimum wage rate for an average of ten (10) hours per week while enrolled as a regular student during the academic year and for as many as thirty-five (35) hours per week during the summer.
    • Rhodes Student Associate Program (RSAP): RSAP provides enhanced employment opportunities for a select group of highly qualified , highly motivated Rhodes Students who collaborate with specifically chosen faculty/administrator supervisors to provide valuable, meaningful service to both the student and the college. Employment may be offered on a part-time basis regardless of financial need. A student may apply for RSAP beginning in the fall of their freshman year as applications become available. A student must work between ten (10) and fifteen (15) hours per week during the academic year and maintain a minimum 2.75 cumulative grade point average. Summer employment is not available in this program. A student may not hold another job on campus in conjunction with their RSA position including the Bonner and Day fellowships.

    Scholarships and Fellowships

    Financial need is not a consideration in awarding scholarships and fellowships at Rhodes, with the exception of the Bonner Scholarship. Federal regulations, however, do require that any assistance, including scholarships and fellowships, first apply towards the demonstrated need when awarding need-based aid.

    Rhodes’ scholarships and fellowships are awarded only to entering students at the time of admission. Returning students not initially offered a competitive scholarship or fellowship will not be considered for a competitive scholarship or fellowship at a later time. Returning students who have been awarded a competitive scholarship or fellowship will not be considered for scholarships or fellowships of greater value as they progress through Rhodes.

     All qualified applicants are automatically considered for Rhodes' scholarships and fellowships, unless a separate application is required and specified.

     Please note: A description of our broader Fellowship Program, which provides opportunities for research, service, creative activities, internships and study abroad during the academic year and over the summer can be found in the Opportunities for Individualized Study section of this catalogue. Many of these opportunities include stipends.

    • Scholarships

    Scholarships are awarded on the basis of a candidate’s academic record, leadership, character, and personal achievements. Competitive scholarships may be renewed for a maximum of three renewals provided the student meets the financial aid satisfactory academic progress standards, enrolled in undergraduate program and maintains the GPA requirements of the scholarship; however, the student must maintain full-time student status (at least 12 credits) through the extended drop period of each semester. The total amount of Rhodes-funded scholarships, fellowships and grants may not exceed direct charges of tuition, fees, room, and board. Students receiving institutional aid in excess of tuition will be subject to a reduction if they live off campus. Rhodes funds are not available to students enrolled less than full-time (at least 12 credits) unless an exception is formally approved by the Accessibility Support Committee (see Reduced Course Load).

    Rhodes scholarships, fellowships, and grants may only be used for study at Rhodes or for approved study in an affiliate study abroad program.

    Rhodes institutional aid may be received up to (8) semesters as long as the student meets the Satisfactory Academic Progress (SAP) standards for renewal of financial aid and, for competitive scholarships and fellowships, maintains the required GPA Scholarships are awarded to entering students based on the candidate’s academic record, leadership, character, and personal achievements include:

     

    • Cambridge
    • Ralph C. Hon
    • Diehl
    • Dean's/Founders
    • Presidential
    • Rhodes Awards

    Founders Scholarships are awarded to outstanding entering students who exemplify high academic standards, exemplify leadership in their community, and serve to enrich the college community.

     

    • Fellowships (a description of our broader Fellowship Program can be found in the Opportunities for Individualized Study section of the catalogue.)

  • At Rhodes, we have taken traditional scholarships a step further by allowing students to invest in themselves through professional internships, community service, research or other requirements in exchange for financial assistance. In addition to funding, recipients of fellowships receive real-world experience that puts their education into action. Competitive fellowships for incoming students are awarded to students based on academic ability, leadership, character, personal achievement, or special talents and provide service, research, or internship opportunities to recipients. Most fellowships require the submission of a separate application through the Fellowships Office.

    Fellowships may be renewed for up to three times provided the student meets the financial aid satisfactory academic progress standards, the GPA requirements of the fellowship, and the service, internship, research, or other requirements of the fellowship. In addition, the student must maintain full-time student status (at least 12 credits) through the extended drop period of each semester to continue to receive the fellowship. The total amount of Rhodes-funded scholarships, fellowships and grants may not exceed tuition, fees, room and board. Rhodes funds are not available to students enrolled less than full-time (at least 12 credits) unless an exception is formally approved by Student Accessibility Services (see Student Accessibility Services). Rhodes scholarships, fellowships, and grants may only be used for study at Rhodes or for approved Rhodes affiliate study abroad program. Rhodes institutional aid may be received up to (8) semesters as long as the student meets the SAP standards for renewal of financial aid and, for competitive scholarships and fellowships, maintains the required GPA.

    •  
      • Fine Arts Fellowships: Fine Arts Fellowships are made each year to entering students who have demonstrated outstanding achievement in the areas of art or music. Auditions are required in music, and art requires the submission of slides. The Fine Arts Fellowships are valued up to $12,500 per year. If a student qualifies for a Fine Arts Fellowship and another competitive scholarship or fellowship, only one scholarship or fellowship (whichever is greater) will be awarded. Winners of these fellowships are required to major or minor in a Fine Arts discipline while at Rhodes.
      • Spencer Fellowships in Ancient Mediterranean Studies: Spencer Fellowships are awarded to first-year students who have distinguished themselves in the study of Latin, ancient Greek or the civilizations of ancient Greece and Rome. Each year, up to three Spencer Fellowships are awarded in the amount of $2,000 to $3,000 in addition to any other Rhodes grant or fellowship received. The fellowships are renewable for three years provided the student meets the financial aid satisfactory academic progress standards, maintains a 2.75 cumulative GPA, and participates in the Ancient Mediterranean Studies program.
      • Jack H. Taylor Fellowship in Physics: The Taylor Fellowship in Physics recognizes talented high school physics students and encourages their continued college development in physics. The Fellowship is valued up to $15,000 per year based on the qualifications of the recipient and is in addition to any other Rhodes grant or fellowship the student may receive. At least one fellowship will be awarded to a first-year student each year.
      • Bonner Scholarships: The Bonner Scholarships are for students who have demonstrated an exceptional record of leadership and service participation in their communities and who wish to become effective leaders who promote positive change in the world. The Bonner Scholarships are awarded on a competitive basis and support fifteen first-year students who have a strong high school record, and demonstrate an outstanding record of leadership, community service and/or social justice work. To be eligible, the student’s family must have a federal Expected Family Contribution (EFC) below $10,500 (exceptions may be made for outstanding candidates). Scholarships plus stipend are valued at $13,000 are in addition to any Rhodes scholarship the student may receive during the standard academic year. In addition to the award amount, the student’s financial need to cover direct costs is met with scholarship, grant, and subsidized loan. Unsubsidized loans may be offered to assist with indirect costs or offset calculated family contribution. Bonner Scholars are also awarded funding for two summer service projects, access to a community fund to support service projects, and up to $3,000 for the purpose of reducing total educational loan indebtedness upon graduation from Rhodes. The total amount of Rhodes-funded scholarships, including Bonner Scholarship, Bonner Stipend, Rhodes Fellowships and Rhodes grants may not exceed direct charges of tuition, fees, room and board. Students receiving institutional aid in excess of tuition will be subject to a reduction if they live off campus.
      • Clarence Day Scholarship: Day Scholarships are made each year to entering students who are from Shelby County and who have demonstrated a strong interest in the Memphis community. Students must have a strong academic record and have intentions of staying in Memphis after graduation. The scholarship is renewable for three years provided the student meets the renewal criteria. The scholarship is valued at $35,000 per year and an opportunity for a one-time fellowship experience with a stipend of $5,000. Applicants must apply and meet all deadlines to be considered for this scholarship. In addition to the award amount, a student’s financial need to cover direct costs is met with scholarship, grant, and work. Loans may be offered to assist with indirect costs or offset calculated family contribution. The total amount of Rhodes-funded scholarships, including Day Scholarship, Rhodes Fellowships and Rhodes grants may not exceed direct charges of tuition, fees, room, and board. Students receiving institutional aid in excess of tuition will be subject to a reduction if they live off campus.
      • Jewish Community Fellowship: Awarded through partnership with Jewish Community Partners (JCP) of Memphis.  Jewish Community Fellows receive a merit scholarship between $2500 and $10,000, dependent on other combined aid, and renewable for up to 3 years.  Jewish Community Fellows are expected to be active in Jewish life at Rhodes and fulfill the following requirements:
        • Complete an annual Fellowship Recertification Form
        • Make a presentation to Jewish Community Partners board
        • Write a yearly article about Jewish life
        • Attend monthly leadership meetings with other fellows
        • Attend Rhodes Hillel events/programs
    • Other Scholarships and Awards
      • Rhodes College-Sponsored National Merit Scholarships: Awards sponsored by Rhodes may be offered to first-year students who are designated as finalists in the National Merit Scholarship competition and who have designated Rhodes as their first choice. Recipients may not receive other National Merit Scholarships. These awards are valued at $1500 beginning with the incoming class of 2020-2021. They are renewable for three years provided the student meets the financial aid satisfactory academic progress standards.
      • Chicago Scholars Program Award: Chicago Scholar Program recipients receive institutional aid up to a student’s financial need to cover direct costs with scholarship, grant, subsidized loans and work. Unsubsidized loans may be offered to assist with indirect costs or offset calculated family contribution. The total amount of Rhodes-funded scholarships, including Day Scholarship, Rhodes Fellowships and Rhodes grants may not exceed direct charges of tuition, fees, room, and board. Students receiving institutional aid in excess of tuition will be subject to a reduction if they live off campus.
      • YES Prep Scholars Program Award: YES Prep Program recipients receive institutional aid up to a student’s financial need to cover direct costs with scholarship, grant, subsidized loans and work. Unsubsidized loans may be offered to assist with indirect costs or offset calculated family contribution. The total amount of Rhodes-funded scholarships, including Day Scholarship, Rhodes Fellowships and Rhodes grants may not exceed direct charges of tuition, fees, room, and board. Students receiving institutional aid in excess of tuition will be subject to a reduction if they live off campus.
      • The Presbyterian Partnership: Because Rhodes shares an important relationship with the Presbyterian Church (U.S.A.), a special scholarship program, called the Presbyterian Partnership, has been established. Through this program Rhodes seeks to strengthen its ties with the Church and to help students obtain the distinctive and high quality education available at Rhodes. In the program, the Session of a Presbyterian church may nominate a student to receive a Partnership grant of $1,000, $2,000 or $4,000. The church contributes one-half of the Partnership grant to Rhodes, and the College supplies the other half and applies the total to the student’s account. Any institutional grant or scholarship previously awarded the recipient by Rhodes will be used to match the Church’s portion of the scholarship (i.e. no additional grant or scholarship aid will be awarded). Eligibility requirements for a Partnership Scholarship are:
        • Interested students should contact their pastor or Clerk of Session to see if their church is willing to enter into a Partnership agreement with Rhodes. If the church wishes to participate, the church should write a letter to the Rhodes College Office of Financial Aid specifying the annual amount of the Presbyterian Partnership it wishes to partner with Rhodes.
        • The recipient must meet all requirements for admission to Rhodes as a full-time student and maintain satisfactory academic progress at all times
        • Only first-year students and transfer students are eligible for an initial Partnership Scholarship.
        • The student must be nominated by the Session of a local Presbyterian Church (U.S.A).
        • For further information about the Presbyterian Partnership Program, contact the Financial Aid Office.
      • National Presbyterian College Scholarships: Rhodes participates in the National Presbyterian College Scholarship Program. Rhodes may co-sponsor one award each year to an entering first-year student. This award, based on financial need and ranging in value from $700 to $1,400, is renewable for up to three additional years provided the student meets the financial aid satisfactory academic progress standards. The National Presbyterian College Scholarship Selection Committee will determine the winner from those applicants who indicate on the application that Rhodes is their first choice among the participating Presbyterian Colleges. Application forms may be obtained from and must be returned by January 31 to:

                        National Presbyterian College Scholarships

                        Presbyterian Church (U.S.A.) Financial Aid for Studies

                        100 Witherspoon Street Mezzanine

                        Louisville, KY 40202-1396

                        http://www.pcusa.org/financialaid

    •  
      • American Field Service Returnee Scholarships: Rhodes will provide up to five (5) AFS Returnee Scholarships valued at $500 per year and renewable for up to three additional years provided the student meets the financial aid satisfactory academic progress standards. The scholarships are available on a competitive basis to any AFS returnee who is offered admission to the College.
      • HOBY Scholarships: These scholarships are available on a competitive basis to any participant in a HOBY seminar who is offered admission to the College. The scholarship is valued at $500 per year and is renewable for three years provided the student meets the financial aid satisfactory academic progress standards. A maximum of five (5) HOBY Scholarships will be awarded each year.
      • Youth for Understanding Scholarships: Rhodes will provide up to five (5) YFU Scholarships per year valued at $500 and renewable for three additional years provided the student meets the financial aid satisfactory academic progress standards. The scholarships are available on a competitive basis to any YFU participant who is offered admission to the College.
      • Army ROTC Scholarships: Rhodes students may compete for Army ROTC scholarships providing college tuition and educational fees. Awardees also receive a book allowance of $600 per semester and a stipend varying from $350 - $500 per month from the Army (estimated). Students awarded an Army ROTC scholarship may receive a Rhodes Grant up to but not to exceed the equivalent of the cost of on-campus room and board based upon the 21 meal, standard multiple occupancy room rate. Rhodes College scholarship, fellowship or grant equal to or greater than the indicated grant amount will be adjusted to the equivalent of the cost of on-campus room and board based upon the 21 meal, standard multiple occupancy room rate. Grants are renewable for three years as long as the student retains his/her ROTC Scholarship and meets the satisfactory academic progress standards for financial aid. Information about Army ROTC Scholarships may be obtained by writing to or calling:

                      Army ROTC

                      The University of Memphis

                      Memphis, TN 38152

                      (901)678-2933

    •  
      • Air Force ROTC Scholarships: Through an agreement between Rhodes and the United States Air Force, Rhodes students may participate fully in the AFROTC program based at the University of Memphis and can compete for AFROTC scholarships. Incoming freshman can compete for four, and in certain cases, five-year scholarships by applying for an AFROTC College Scholarship (CSP) online at www.afrotc.com. Applicants must apply no later than December 1 of the year prior to entering college as a first-year student.  Scholarships awarded through the CSP program include: Applicants must apply no later than December 1 of the year prior to entering college as a first-year student. Scholarships awarded through the CSP program include:
        •  
          • Type 1 - full-tuition and fees
          • Type 2 up to $15,000 per year towards tuition and fees
          • Type 7 - up to $9,000 per year towards tuition and fees

                       Students not selected for a CSP scholarship, if eligible, can compete for scholarship through the In College Scholarship Program (ICSP) once they are enrolled at Rhodes and in AFROTC. These scholarships include:   

    • Type 2 - $15,000 per year towards tuition and fees
    • Type 3 - $9,000 towards tuition and fees
    • Type 6 - $3,000 towards tuition and fees

                      All AFROTC scholarship programs include a $900 per year book allowance. Students who receive the Type 2 scholarships through CSP or ISCP are eligible to compete for an upgrade to 80 percent of tuition and fees.

                    AFROTC and Rhodes Grant

    •  
      • Type 1 scholarship recipients are also eligible to receive a Rhodes grant up to but not to exceed the equivalent of the cost of on-campus room and board based upon the 21-meal, standard multiple-occupancy rate. In addition, if a Type I recipient chooses to live at home or with relatives, the amount of the Rhodes grant plus the Air Force Type I scholarship cannot be more than Rhodes’ cost of attendance for a commuter student living with relatives.
      • Type 2 scholarship recipients may receive a Rhodes grant equivalent to fifty percent (50%) of the on-campus cost of room and board based upon the 21 meal, standard multiple occupancy rate.
      • The Rhodes grant will be awarded unless the student has already received a Rhodes College scholarship, fellowship or grant equal to or greater than the indicated grant amount. Rhodes College scholarship, fellowship or grant equal to or greater than the indicated grant amount will be adjusted to the equivalent of the cost of on-campus room and board based upon the 21 meal, standard multiple occupancy room rate. Rhodes grants are renewable for up to three years as long as the student retains his/her ROTC Scholarship and meets the satisfactory academic progress standards for financial aid.
    •  
      • Navy ROTC Scholarships: Rhodes students may compete for Navy ROTC scholarships providing college tuition and educational fees. Students awarded a Navy ROTC scholarship may receive a Rhodes Grant up to but not to exceed the equivalent cost of on-campus room and board based upon the 21 meal, standard multiple occupancy room rate. Rhodes College scholarship, fellowship or grant equal to or greater than the indicated grant amount will be adjusted to the equivalent of the cost of on-campus room and board based upon the 21 meal, standard multiple occupancy room rate. Grants are renewable for three years as long as the student retains his/her ROTC Scholarship and meets the satisfactory academic progress standards for financial aid. Information about Navy ROTC Scholarships may be obtained by contacting:

                       Navy ROTC

                       The University of Memphis

                       120 Hayden Hall

                       Memphis, TN 38152

                       (901) 678-4353

                       nrotc@memphis.edu

    •  
      • Veteran Benefits:
        • Chapter 35 Benefits offer VA Survivors and Dependents Education assistance to spouses or children of veterans who have been found eligible by the Regional Processing Office (RPO) due to serviceman death, permanent disability, MIA, capture or detention in the line of duty.
        • Chapter 33 Benefits offer education assistance for those who served on active duty, received the Purple Heart, or were honorably discharged on or after September 11, 2011. This benefit extends to their dependents.   Qualifying veterans or designated dependents may be eligible to receive up to the full cost of pubic, in-state tuition and fees, books (up to approximately 23,600) and housing allowance.

                          To apply for either benefit:

    •  
      •  
      • Post-9/11 Yellow Ribbon Benefits:  For the 2023-24 academic year, eligible students may receive up to $5000 in Yellow Ribbon. Rhodes contribution is considered matching if the student has already been awarded institutional scholarships and/or grants of the same or greater amount. Yellow Ribbon benefits are capped at the Cost of Attendance minus VA Benefits minus any other aid received excluding Federal student loans.
        • Awards will continue as long as the student has remaining VA/Yellow Ribbon eligibility, is enrolled full-time and in good standing, and maintains satisfactory academic progress. Participating students that withdraw from the College and are later readmitted will only be able to participate if space is available. Should a student lose his/her Yellow Ribbon Program eligibility and subsequently regain it, he/she must reapply for program participation.
        • To apply, students must submit their VA Certificate of Eligibility, which shows they are entitled to receive 100% of the benefits payable under the Post-9/11 GI Bill®  program to the Office of Financial Aid:

                                   Fax:  901-843-3435

                                   Email: Waltona@rhodes.edu

                                  Deliver in person to Rhodes Express, Arlisha Walton

                                  Mail: Rhodes College

                                Attn: Financial Aid

                                2000 North Parkway

                                 Memphis, TN 38112

    In compliance with PL:115:407 Section 103:  Any covered individual will be able to attend or participate in the course of education during the period beginning on the date on which the individual provides to the educational institution a certificate of eligibility for entitlement to educational assistance under chapter 31 or 33 (a “certificate of eligibility” can also include a “Statement of Benefits” obtained from the Department of Veterans Affairs’ (VA) website – eBenefits, or a VAF 28-1905 form for chapter 31 authorization purposes) and ending on the earlier of the following dates:

    1.  The date on which payment from VA is made to the institution.

    2.  90 days after the date the institution certified tuition and fees following the receipt of the certificate of eligibility.

    Rhodes College will not impose any penalty, including the assessment of late fees, the denial of access to classes, libraries, or other institutional facilities, or the requirement that a covered individual borrow additional funds, on any covered individual because of the individual’s inability to meet his or her financial obligations to the institution due to the delayed disbursement funding from VA under chapter 31 or 33.

    Trademark Information

    ‘‘GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA)”.

    More information about education benefits offered by VA is available at the official U.S. government website at http://www.benefits.va.gov/gibill."

    • Outside Scholarships: Scholarships from other organizations may also be available to students who attend Rhodes. Some of these awards are administered through high schools. However, in most cases, the student applies directly to a club or association. Interested students should work with their high school counselors to learn of those scholarships available in their area. Please note that outside scholarships become part of the financial aid package and assist in meeting demonstrated financial need. Students must notify the Rhodes Financial Aid Office of any outside funding that they receive. A student may not receive more aid than the published cost of attendance at Rhodes. Federal, state or institutional aid may be reduced in instances when aid from all resources exceeds cost of attendance.

    Tuition Exchange and Remission Programs

    • Rhodes Tuition Remission Program for full-time employees: After one year of service, full-time employees of Rhodes may be eligible for up to 2 tuition free courses each semester at Rhodes. The employee is responsible for registration and application fees, and must meet Rhodes’ admission criteria as established by the Committee on Admission. The spouse and children of full-time employees are also eligible for tuition remission. Eligible students must meet Rhodes’ admission requirements to be considered. The full time employee must apply for this benefit through Human Resources. Tuition remission is limited 8 semesters (including summer) for a spouse and each natural child. The total amount of Rhodes merit scholarships, including Rhodes Tuition Remission and Rhodes Fellowships and may not exceed direct charges of tuition, fees, room, and board.  Rhodes Grants cannot be combined with this benefit unless the student has unmet financial need after all other aid has been applied. Students receiving institutional aid in excess of tuition will be subject to a reduction if they live off campus. Tuition will be remitted on behalf of spouse and/or natural child subject to the following qualifications:
      • After 1 year of employment   - one-third tuition will be remitted
      • After 2 years of employment - two-thirds tuition will be remitted
      • After 3 years of employment - full tuition will be remitted
    • Rhodes Tuition Remission Program for part-time employees: After one year of service, part-time employees who work at least 20 hours or more per week are eligible for fractional remission on a pro-rata basis, under the same provisions as full-time employees. The spouse and children of part-time employees are not eligible for tuition remission. Employees who work fewer than 20 hours per week are not eligible for tuition remission.
    • Associated Colleges of the South (ACS): Children of employees of ACS participating institutions are eligible to be considered for the ACS Tuition Exchange.
      • Rhodes’ agreement with ACS indicates that for any given academic year, ACS “imports” (students attending Rhodes as an ACS Tuition Exchange student) will not exceed “exports” (children of Rhodes employees attending another ACS college under the agreement) by more than three students.
      • Applicants must submit the FAFSA and the CSS PROFILE or Supplemental Financial Aid Questions to be considered for the ACS Scholarship.
      • Only first-time, first year students will be considered for the ACS Scholarship.
      • Each ACS Tuition Exchange recipient pays a participation fee of $2,000 per academic year.
      • The ACS Tuition Exchange benefit is equivalent to full tuition at Rhodes and is renewable for three years provided the student meets the financial aid satisfactory academic progress standards and meets the eligibility requirements indicated above.
      • ACS Tuition Exchange benefits may be only used for one of the following Rhodes study abroad programs: European Studies,  Affiliated Programs or Rhodes Exchange. Interested students must specify that admission is being sought under the ACS Tuition Exchange program, apply for all state and/or federal aid for which he or she may be eligible, and have submitted an ACS Tuition Exchange certification form completed by the appropriate official at their home institution certifying their eligibility for the exchange.
      • Eligible students must meet Rhodes’ admission requirements.
      • The total amount of Rhodes-funded scholarships, Rhodes Fellowships, Rhodes grants and exchange programs may not exceed tuition and fees.
      • Recipients may be required to live in a residence hall at the College’s discretion.
      • Preference may be given to students who apply Early Decision to Rhodes. 
    • Tuition Exchange: Students who are dependent children of eligible employees can participate in the Tuition Exchange program of over 600 schools nationally.
      • The Tuition Exchange scholarships are competitive awards and are not guaranteed by Rhodes or other participating institutions.
    •  
      • Applicants must submit the FAFSA and CSS PROFILE or Supplemental Financial Aid Questions to be considered for the award.
      • Only first-time, first year students will be considered for the TE program.
      • Although The Tuition Exchange promotes and maintains the exchange, scholarships are granted by member institutions, not by The Tuition Exchange. 
      • The 2024-25 benefit is $42,000. 
      • Tuition Exchange cannot be combined with Rhodes Institutional Scholarships.
      • Students with exceptional unmet need may be considered for a Rhodes Grant.
      • Preference may be given to students who apply Early Decision to Rhodes.
      • Recipients may be required to live in a residence hall at the College’s discretion.
      • For more information on this program visit tuitionexchange.org

    Reduced Course Load

    Students who, due to the impact of a disability, are unable to meet the minimum credit hour per semester standard set by the college (12 hours for undergraduate students), may request an accommodation for a reduced course load with full-time status through Student Accessibility Services.  Students approved for this accommodation will be entitled to the same rights and privileges as other full-time students, including consideration for financial aid. The amount of aid awarded, however, will be reduced to the proportionate amount that corresponds with the student’s course load. For example, a minimum of twelve (12) credits per semester is required to receive Rhodes-funded student aid as a full-time student. If a student has received approval from Student Accessibility Services to be considered a full-time student for a course load of eight (8) credits in a given semester, the Rhodes-funded aid will be reduced to 2/3 of the amount it would have been if the student were taking twelve (12) or more credits. A course load of six (6) credits will always be considered to be half-time. No Rhodes-funded aid will be available to any student who is enrolled less than half- time. Additionally, approved students will be eligible to receive Rhodes- funded aid for a maximum of twelve (12) semesters or 150% of the standard time required for completion of a Bachelor’s degree; the total Rhodes-funded aid will be limited to the amount the student would have received for eight (8) semesters taking standard course loads.

    Renewal of Financial Aid

    Satisfactory Academic Progress (SAP) Requirements: Satisfactory Academic Progress (SAP) must be maintained for renewal of federal (TITLE IV), state, and institutional aid, including Federal Direct PLUS (Parent Loan for Undergraduate Students). Per federal guidelines, all students must obtain:

    • a total cumulative grade point average of at least *1.50 and has completed 67% of their classes by the end of their freshman year
    • a total cumulative grade point average of at least *2.00 and has completed 67% of their classes by the end of their sophomore year

    *Certain scholarships and fellowships require a higher GPA for renewal. For individual requirements, see below under Scholarships and Fellowships. 

    Students must also be aware of their pace toward graduation. The following schedule outlines the pace needed to graduate in eight (8) semesters:

    • student has earned at least 28 credits of course work by the beginning of his/her third semester of study at Rhodes
    • student has earned at least 60 credits of course work by the beginning of his/her fifth semester of study at Rhodes
    • student has earned at least 92 credits of course work by the beginning of his/her seventh semester of study at Rhodes

    NOTE: These standards apply to satisfactory academic progress for financial aid only and do not establish class standing. 

    Additional Requirements: In addition to SAP requirements, students must meet the following requirement to renew federal (Title IV), state, and institutional aid, including Federal PLUS:

    • Students must be enrolled at least half-time (6 credits) in order to be eligible for any Title IV (except Pell Grant) or state assistance. Rhodes Grants require full-time enrollment (at least 12 credits).

    Duration of Financial Aid: If students meet the above requirements, the duration of their aid will be renewed as follows:

    • Federal and State aid: the maximum time frame in which a student can complete a degree is six (6) years, and the minimum number of credits to be completed at  the end of  any one of  the six years is one sixth of the total number of credits required for a degree (see Graduation  Requirements).
    • Rhodes-funded aid: the maximum time frame is four (4) years or eight (8) semesters.
    • Tennessee Lottery Scholarships: the maximum time frame for receipt of these funds is eight (8) semesters

    Review of Financial Aid: Grades and cumulative earned credits are reviewed at the end of each academic year for all students, unless stated otherwise by the Director of Financial Aid. Enrollment status is based on the recorded enrollment at the end of the “extended drop period” each term.

    Variance to Reinstate Financial Aid: Should a student become ineligible to receive financial aid due to not meeting the above minimum standards, the student may appeal for a variance from the satisfactory academic progress requirements for one term. The appeal should be submitted to the Director of Financial Aid in writing by email or by letter. If the variance request is approved, the student’s aid will be reinstated based on the conditions and length of the approval as stated by the Director of Financial Aid. This decision is communicated via Rhodes email to the student.

    Definitions and regulations concerning full-time student status, course schedule changes, unauthorized withdrawal from class, and removal of conditional grades are stated in other sections of the College Catalogue.

    9th Semester Awards (Scholarship/Grant)

    Rhodes provides eligible students with institutional merit scholarship and grants for up to eight semesters or the completion of their Rhodes degree, whichever comes first.  Students wishing to continue their education for a 9th semester may apply for an exception to this policy by submitting a letter to the Director of Financial Aid outlining a proposal for continuing their education at Rhodes.  While institutional priority will be to fund students seeking their primary undergraduate degree.  Rhodes may, depending on available resources and demonstrated need, provide institutional funding proportional of previous semesters awards not to exceed 50% tuition for the enrolled semester. Students seeking grant funding for the 9th semester must complete the Free Application for Federal Student Aid (FAFSA) in the senior year.  Students must provide parental income when completing the FAFSA as an undergraduate student.

    Students approved for a 9th semester award may enroll less than full-time for the 9th semester of aid; in such case they will receive a prorated disbursement of the 9th semester award.  Rhodes will not provide institutional funding to replace state or federal assistance that has been exhausted by prior enrollment. 

    The awarding of the exception applies to 9th semester and does not extend to semesters beyond that period. Students in their 9th semester may only receive federal PELL Grant, State Grants and/or SEOG for classes required to complete their major. Regardless of enrollment Pell Grant will adjusted to either Three quarter, Half or Less Than Half-time to match the hours required for the major. SEOG will be cancelled if hours needed is less than 12 hours. Students may request an award by completing the form attached to this link. https://stuinfo.rhodes.edu/register/ninthsemesteraid 

    Scholarships

    • Morse Scholarships may be renewed for three years as long as the student maintains a grade point average of 2.75 or better and meets the minimum satisfactory academic progress standards for renewal of financial aid described previously.
    • Cambridge Scholarships may be renewed for three years as long as the recipient maintains a grade point average of 2.75 or better and meets the minimum satisfactory academic progress standards for renewal of financial aid described previously.
    • Dean’s Scholarships, Presidential Scholarships, Hon, Diehl, and Day Scholarships may be renewed for three years as long as the recipient maintains a grade point average of 2.50 or better and meets the minimum satisfactory academic progress standards for renewal of financial aid described previously.
    • Rhodes Awards and Rhodes Grants may be renewed for three years as long as the recipient maintains a grade point average of 2.00 or better and meets the minimum satisfactory academic progress standards for renewal of financial aid described previously.

    Fellowships

    • Fine Arts Fellowships may be renewed for three years as long as the student has declared, or is making satisfactory progress toward, a major or minor in one of the fine arts. The student must also maintain a grade point average of 2.75 or better and meet the minimum satisfactory academic progress standards for renewal of financial aid previously described.
    • Spencer Fellowships in Ancient Mediterranean Studies (formerly Greek and Roman Studies) may be renewed for three years as long as the recipient maintains a grade point average of 2.75 or better, meets the minimum satisfactory academic progress standards for renewal of financial aid described previously, and has declared, or is making satisfactory progress toward, a major or minor in Greek and Roman Studies.
    • Taylor Fellowships may be renewed for three years as long as the student maintains   a grade point average of 3.00 or better, meets the minimum satisfactory academic progress (SAP) standards for financial aid as described previously, is making satisfactory progress toward a major or minor in physics (as determined by the Physics Department), and provides five hours per week of service to the Physics Department.
    • Bonner Scholarships may be renewed for three years as long as the recipient meets  the minimum satisfactory academic progress standards for renewal of financial aid described previously, maintains a  2.50 grade point average, is involved in  community service and leadership programs for an average of ten hours per week, completes two summers of full-time community service for a total of 280 hours over  at least a seven-week period, participates in the College’s Leadership Program, and participates in the Bonner Scholars service trip at the end of the student’s first year at Rhodes.

    Revision of Financial Aid Awards

    Financial aid is dynamic and may change as new information becomes available to the Rhodes Financial Aid Office. Any financial aid package is subject to revision (even during the academic year) for any of the following reasons:

    • In the process of verifying the information the student/parent reported on the need analysis form(s) (FAFSA and/or CSS PROFILE), an error is discovered which, when corrected, changes the student’s eligibility.
    • A change in regulations governing federal or state programs occurs and requires an adjustment to be made.
    • Funding levels in federal or state programs are reduced.
    • The student receives additional financial assistance, including, but not limited to, outside scholarships, from a source not listed on the most recent award notification or on LynxPartner.
    • The student fails to meet satisfactory academic progress standards for renewal of financial aid.
    • The Financial Aid Office discovers any error, clerical or other, on an award.
    • The student fails to complete required financial aid applications for need-based federal, state and institutional aid, including any documents required for verification of FAFSA information.

    Please note that any aid reduced based on the above will not be replaced by Rhodes- funded grant.

    Financial Aid for Study Abroad

    Rhodes students enrolled in study abroad programs administered (sponsored) by Rhodes (European Studies, Rhodes Exchange programs and Rhodes Affiliated Programs) are eligible for competitive-based, need-based financial aid from Rhodes, federal and /or state aid for one semester- or year-long program.    In addition to the included program costs, students participating in a study abroad program should budget for additional expenses such as airfare, books, supplies, incidental expenses and ground transportation.  Meals may or may not be included depending on the program.

    All forms of financial aid for which the student would normally qualify will be applicable, including Rhodes grants and scholarships, Tennessee state grants /scholarships, campus-based Title IV and other Title IV funds, as well as any outside loans or scholarships the student might have. However, the sum of Rhodes need-based grant and competitive-based scholarship awarded for the term of the program may not exceed the tuition charge at Rhodes for one semester (or, for an academic year for programs of that duration). Student employment income will be replaced by additional loan, if requested, and need in excess of the cost of attending Rhodes will be met by loan or by the student’s family.

    Rhodes students receiving financial assistance from the College who choose to participate in one of Rhodes’ exchange programs are considered to be Rhodes students. The financial aid awarded to the student to meet the costs of the exchange program are considered expended for that term. In other words, a student who elects to participate in an exchange program is considered to have used one of the 8 total semesters of institutional eligibility of aid.

    Students will not be eligible for either Rhodes need-based financial aid or for Rhodes competitive scholarship/fellowship aid for more than one study abroad program during their time at Rhodes.

    The above policies apply to study abroad programs that occur during the fall and spring semesters of the academic year. Summer study abroad programs are excluded, as no Rhodes need-based aid or competitive scholarships/fellowships are available for summer study abroad.

    Rhodes students enrolled in study abroad programs administered (sponsored) by Rhodes (European Studies, Rhodes exchange and Rhodes Affiliate Partner programs) are eligible for merit based and need-based financial aid from Rhodes. These funds are only available for one program during a student’s time of study at Rhodes. Students in Study Abroad Programs may only receive federal PELL Grant, SEOG and/or State funding for classes required to complete their major. Regardless of enrollment Pell Grant will adjusted to either Three quarter, Half or Less Than Half-time to match the hours required for the major. SEOG will be cancelled if hours needed is less than 12 hours.

    Post-Baccalaureate Aid

    • Graduate Accounting Scholarship

    Students admitted to the Masters of Science in Accounting Program are automatically considered for a departmental scholarship with no additional forms required to be filed. Departmental scholarships for students in the M.S. in Accounting Program are merit based; financial need is not a consideration. Selection for a scholarship is based upon the candidate’s academic record, personal achievements, and promise of success in accounting.  Rhodes does permit traditional students that complete their undergraduate degree in less than eight consecutive semesters to apply their undergraduate institutional awards toward the Masters in Accounting Program up to a total of 8 terms.   Students who did not use a semester of aid while pursuing a non-Rhodes or non- exchange study abroad program are not included in this provision.  Students may not receive a departmental scholarship while eligible to receive a remaining portion of undergraduate institutional scholarships and/or grants.

    • Graduate Accounting Grant

      Students who demonstrate need may apply for a Graduate of Accounting Grant. Students must submit a Free Application for Federal Aid their senior year as an undergraduate which includes their parents financial information. Students must have a family EFC less than $65000 to be considered.

    • Teacher Education Certification Scholarship

  • Students enrolled in the Post Baccalaureate Teacher Education Program may apply for a need based award proportional to institutional aid/tuition received as an undergraduate up to the maximum of the ED Licensure Program tuition charge of $7500.   Students must have completed a FAFSA in their last year as an undergraduate student attending Rhodes to be considered.  Non-Citizens are exempt from completing the FAFSA however the school may require a CSS PROFILE on file to determine need.

    Students whose proportional aid exceeds 100% may apply for a Rhodes Campus Housing Grant to reside on campus.

    • Noyce STEM Teach Scholarship

    The Noyce Program at Rhodes College will offer 18 STEM students scholarships of $37,500 to be paid out in their Junior and Senior years as well as their student teaching semester ($15,000 Junior year; $15,000 Senior year; $7500 for 9th semester student teaching) from 2019-2024.  The Noyce Professional Scholarship is a forgivable loan, if complete terms are not met the scholarship converts to an interest bearing loan from the date of disbursement.   Noyce Scholars must teach for 2 years per year of funding received: which means in accepting the scholarship they are agreeing to teaching in a high needs school for 5 years within a total of 8 years after completing the program. 

    Noyce Scholars must also complete an exit interview and participate in specified education events and activities and other requirements outlined in the promissory note.

    Alternative Financing

    For families who prefer to pay college costs in interest-free monthly installments, Rhodes suggests Tuition Management Systems, 171 Service Avenue, Warick, RI 02886 or by phone at (800)722-4867 or online at www.afford.com/rhodes. Arrangements must be made with this agency prior to the due date of the first tuition payment. The Bursar’s Office is the primary on-campus contact for this program. There are a number of alternative (private) loan programs available for interested students and their families. Please refer to the financial aid website at www.rhodes.edu/finaid for more information.

    Special Circumstances and Appeals

    If a family’s financial circumstances change during enrollment at Rhodes, a written appeal may be made to the Director of Financial Aid. A letter of appeal should explain new significant family circumstances, outline any financial changes the family has experienced, and request a specific amount of assistance. The family may be required to submit a new CSS Profile and/or a new FAFSA. The form to complete for an appeal based on special circumstances can be found at https://stuinfo.rhodes.edu/registrar/specialcircumstances 

    Withdrawal from Rhodes and Return of Funds

    • Return of Federal Title IV Student Aid: When a student who has Federal Title IV student aid withdraws from the College or does not return from an approved leave of absence, within the same academic term, the unearned portion of those funds must be returned to the federal student aid programs. Federal Title IV funds that may have to be returned include:
      • Unsubsidized Federal Direct Loans
      • Subsidized Federal Direct Loans
      • Federal Parent Loan for Undergraduate Students (PLUS)
      • Federal Pell Grants
      • Federal Supplemental Educational Opportunity Grants (SEOG).

    Federal regulations require funds be returned to federal programs in the order listed above.

    The unearned portion of Federal Title IV funds is determined by dividing the number of days in the term that have passed as of the date of withdrawal (last date of class attendance) by the total number of days in the term. If the withdrawal occurs after 60% of the term has elapsed, no return of Title IV funds is required. The Bursar’s Office calculates the Return of Title IV funds amount and informs the Financial Aid Office and the student of the results of the calculation.

  • Return of State and Institutional Student Aid: When a student who has state and/or institutional student aid withdraws from the College or does not return from an approved leave of absence, the College returns the unearned portion of those funds to the state and/or the College in accordance with the withdrawal policy outlined in the “Expense” Section of this catalogue.
  • Student Financial Responsibility: Students and parents should be aware that the requirement to return Federal Title IV assistance and the policy to return state and institutional aid might result in a balance due to Rhodes College; the student and/or student’s family is responsible for paying any balance resulting from the return of Title IV aid and state and institutional funds.

Printed from: https://catalog.rhodes.edu/general-information/financial-aid