Scholarships & Aid

There's two types of aid: merit-based and need-based.

Merit-Based Aid

Academic Awards - Students must have the required ACT or SAT score and GPA to receive the amount listed. SAT score is calculated by combining the Math and Reading portions of the test. This award is renewable with a 3.2 college GPA and is available to all incoming freshmen.

AwardACTSATGPAAmount
President 33 1450 3.8 $10,000
31 1350 3.9
Dean 27 1200 3.8 $8,000
25 1150 3.9
Faculty 25 1150 3.4 $6,000
Trustee 23 1070 3.8 $4,000
Director 21 990 3.1 $3,000

Additional Awards - Other merit-based awards are available to students who meet the respective requirements. Such awards include: Academic Merit Award, Church Matching Grant, Community Life Scholarship, Cultural Diversity Scholarship, International Student Scholarship and Music, Art and Athletic Scholarship. The specific requirements for these awards can be found by clicking the tabs below.

Need-Based Aid

Students must file the FAFSA to qualify for any Taylor or Federal grants, loans or work study. All need-based amounts are subject to change based on federal regulations.

Of the students applying to Taylor who filed the FAFSA for 2012-2013, the average family income was recorded as follows:

32%
less than $60,000

36%
$60,000 - $120,000

32%
more than $120,000

Learn more about grant, scholarship, and work study opportunities by clicking the tabs below.

Scholarships

Scholarships are a type of financial aid that does not need to be repaid.  Scholarships are awarded to students based on merit – grades, ability, or talent. The following scholarships are available to our students.

President, Dean, Faculty, Trustee, and Director Scholarships

Type of Aid: Scholarship

Amount: $3,000-$10,000

Eligibility: Incoming freshmen who meet the following ACT or SAT score and high school GPA receive the amount shown. SAT score is calculated by combining the Reading and Math portions of the test. Scholarship is renewable each year with a 3.2 Taylor GPA.

Award ACT           or         SAT GPA Amount
President 33+ 1450+ 3.8+ $10,000
31+ 1350+ 3.9+
Dean 27-32 1200-1440 3.8+ $8,000
25-26 1150-1190 3.9+
Faculty 25+ 1150+ 3.4+ $6,000
Trustee 23 1070 3.8 $4,000
Director 21 990 3.1 $3,000

Alspaugh - Hodson Family Scholarship

Type of Aid: Scholarship

Amount: Up to $10,000

Eligibility: Must be an Indiana resident, full-time student majoring in Education, eligible for need-based aid, and have a personal relationship with Christ.

Application: alspaugh_hodson_scholarship.pdf

Application Deadline: March 10

Art Scholarship

Type of Aid: Scholarship

Amount: Varies

Eligibility: Must be accepted to Taylor and a declared Art or Art Education major. Amount based on FAFSA.

Application: Art Scholarship for Prospective Students.pdf

Application 2: Art_Scholarship_Continuing_Students.pdf

External Application: http://www.fafsa.ed.gov/

Application Deadline: March 1, 2015

Muselman Memorial Scholarship

Type of Aid: Scholarship

Amount: $5,000 - $10,000

Eligibility: Must be a full-time student, a resident of Adams County Indiana, maintain a cumulative GPA of 3.0 on a 4.0 scale, and give evidence of strong Christian leadership and character.

Application: muselman_scholarship.pdf

Application Deadline: March 10

International Student Scholarship

Description: Applicants for this award must be non-U.S. citizens. We believe these students will make distinct contributions and provide cultural enrichment as members and graduates of the Taylor community.

Type of Aid: Scholarship

Amount: Up to $7,000

Eligibility: Must be accepted to Taylor and demonstrate cultural diversity as described above.

Application: Apply Online

Application Deadline: April 1

Music Scholarship

Type of Aid: Scholarship

Amount: Varies

Eligibility: Must be accepted to Taylor and demonstrate an exceptional music ability. An audition with the Music Department is required.

Application: MusicDepartmentAuditionInformation.pdf

Application Deadline: March 1

Community Life Scholarship

Description: Students are nominated to apply for this scholarship based on their application for admission to Taylor. Once nominated, application instructions will be given.

Type of Aid: Scholarship

Amount: Up to $3,000

Eligibility: Must be accepted to Taylor and demonstrate exceptional leadership experiences.

Application Deadline: February 11

Cultural Diversity Scholarship

Description: Every student brings to campus a unique and personal set of experiences and perspectives. In particular, the contributions from an individual’s cultural background or ethnic origin are important to the larger Taylor community. In keeping with its mission, the University desires to provide a program designed to recruit and retain students who are committed to diversity and have a passion for promoting awareness. We believe these students will make distinctive contributions and provide cultural enrichment as a member and graduate of the Taylor community. Applicants for this award may be American ethnic students, Americans who have lived in another country for an extended period of time or students intentionally engaged in a multi-ethnic community. The scholarship is determined during a student’s admission process and is overseen by Dereck Kamwesa.

Type of Aid: Scholarship

Amount: $3,000

Eligibility: Must be accepted to Taylor and demonstrate cultural diversity as described above. Follow instructions here to file the FAFSA.

Academic Merit Award

Type of Aid: Scholarship

Amount: $10,000

Eligibility: Must be a National Merit Finalist. This award replaces either the President, Dean, or Faculty Scholarship.

Athletic Scholarship

Type of Aid: Scholarship

Amount: Varies

Eligibility: Must be accepted to Taylor and demonstrate an exceptional athletic ability. Awards given by each athletic team.

Endowed Scholarships

Type of Aid: Scholarship

Amount: Varies

Eligibility: Must be enrolled full-time. Other additional requirements apply for each particular scholarship.

External Application: http://www.fafsa.ed.gov/

Application Deadline: March 10

Reynolds Memorial Scholarship

Type of Aid: Scholarship

Amount: Up to $9,000

Eligibility: Must be an Indiana resident, full-time student majoring in a business field, eligible for need-based aid, and have a personal relationship with Christ.

Application: reynolds_scholarship.pdf

Application Deadline: March 10

Dollars for Scholars

Description: The Matching Form application for this scholarship can be found at your Dollars for Scholars local chapter

Type of Aid: Scholarship

Amount: Match up to $500

Eligibility: Must be a Dollars for Scholars recipient

Class Merit Awards

Type of Aid: Scholarship

Amount: $1,500 - $3,000

Eligibility: Must be a current Taylor student. Award given to top 10 students in each grade level who are not President, Dean, or Faculty Scholarship winners.

Grants

Grants are a kind of financial assistance that does not need to be repaid.  A grant is usually awarded based on a certain level of financial need or other requirements.  Most grants require that the FAFSA is filed each year.

Grant for 21st Century Scholars

Type of Aid: Grant

Amount: $3,000

Eligibility: Must be a 21st Century Scholar

Application Deadline: March 10

Indiana State Grants

Type of Aid: Grant

Amount: Up to $7,400

Eligibility: Must be a primary resident of Indiana, enrolled full-time. Amount awarded based on FAFSA.

External Application: http://www.fafsa.ed.gov/

Application Deadline: March 10

Federal Pell Grant

Type of Aid: Grant

Amount: Up to $5,730

Eligibility: Eligibility based on the FAFSA.

External Application: http://www.fafsa.ed.gov/

Grant for Lilly Community Foundation Scholars

Type of Aid: Grant

Amount: Room and Board Charges

Eligibility: Must be a Lilly Community Foundation Scholar

Taylor Fund Grant

Type of Aid: Grant

Amount: Up to $9,000

Eligibility: Full-time enrollment status. Eligibility based on FAFSA.

External Application: http://www.fafsa.ed.gov/

Application Deadline: March 10

Church Matching Grant

Description: Pledge forms are available for download, or can be completed online now.

Type of Aid: Grant

Amount: Up to $1,000 per year

Eligibility: Taylor matches a church's gift up to the amount above.

Repayment: Taylor University will match your church’s gift up to $1,000 per year. The church must submit the Church Matching Grant Pledge Form by March 10. Payment from your church must be received no later than July 1.

Application: ChurchMatchingGrantPledgeForm.pdf

Supplemental Information: ChurchMatchingGrantBrochure.pdf

Supplemental Information: ChurchmatchingGrantFAQs.pdf

Supplemental Information ChurchmatchingGrantSampleLettertoChurch.pdf

Application Deadline: March 10

Other State Grants

Type of Aid: Grant

Amount: Varies

Eligibility: Contact your Guidance Counselor

External Application: http://www.fafsa.ed.gov/

Application Deadline: March 10

Federal SEOG Grant

Type of Aid: Grant

Amount: Up to $4,000

Eligibility: Eligibility based on the FAFSA. Student must be enrolled at least half-time.

External Application: http://www.fafsa.ed.gov/

Application Deadline: March 10

Loans

A loan is a type of financial aid that requires repayment.  Some are based on financial need while others are not; however, the FAFSA is required to determine eligibility.  The following loans are available to our students. Students or parents will need to apply for each individual loan in order to consider these options.

Subsidized Stafford Direct Loan

Description: A FAFSA application must be completed before applying for this loan.

Type of Aid: Loan

Amount: Varies

Eligibility: Must be enrolled at least half-time as an undergraduate student. Eligibility based on the FAFSA.

Interest Rate: 4.66%

Repayment: Repayment begins six months after student graduates, leaves school, or drops below half-time.

External Application: http://myfa.taylor.edu

PLUS (Parent) Direct Loan

Description: The PLUS (Parent) Direct Loan is a non-need based loan with eligibility determined through the FAFSA. It is available only to parents or step-parents. This loan helps to pay for education expenses up to the cost of attendance minus all other financial assistance. Interest begins immediately. The PLUS loan is in the parent’s name. If the parent is denied the PLUS loan after the credit check performed by the Department of Education, the student is then eligible for an additional Unsubsidized Stafford Loan.

Type of Aid: Loan

Amount: Varies

Eligibility: Available only to parents or step-parents of student.

Interest Rate: 7.21%

Repayment: Repayment begins 60 days after the last disbursement. The payment can be deferred until after graduation if requested.

External Application: http://www.studentloans.gov

Perkins Loan

Description: A FAFSA application must be completed before applying for this loan. The student will need a FAFSA pin to complete the Perkins Promissory Note E-Sign Process.

Type of Aid: Loan

Amount: Up to $1,500

Eligibility: Must be enrolled at least half-time. Eligibility based on the FAFSA. Student must be a freshman or sophomore.

Interest Rate: 5% Fixed

Repayment: Repayment begins nine months after the student graduates, leaves school, or drops below half-time enrollment.

External Application: https://www.signmyloan.com/

Application Deadline: FAFSA - March 10 / Perkins E-Signature - September 3

Alternative Loans

Description: This is a private student loan through the bank of your choice. Students should exhaust all federal aid and direct loan opportunities before applying for this loan. Most alternative loans require a cosigner.

Type of Aid: Loan

Amount: Varies

Eligibility: Must be enrolled at least half-time.

Interest Rate: Variable

Repayment: Refer to terms of the individual loan.

Application: Alternative_Loan_Information.pdf

External Application: https://choice.fastproducts.org/FastChoice/Welcome.do?configId=1269619033681

Unsubsidized Stafford Direct Loan

Description: The unsubsidized loan is a non-need based loan with eligibility determined through the FAFSA. Interest begins to accrue at the time of disbursement and is the responsibility of the student.

Type of Aid: Loan

Amount: Varies

Eligibility: Must be enrolled at least half-time. Eligibility based on the FAFSA.

Interest Rate: 4.66% for undergraduates and 6.21% for graduate students

Repayment: Repayment begins six months after student graduates, leaves school, or drops below half-time.

External Application: http://myfa.taylor.edu

Federal Work Study Program

Federal Work Study is a form of financial assistance that allows students to earn money through on-campus employment.  It is need-based and requires the student to file the FAFSA.  The Federal Work Study (FWS) program is different from other awards:

  1. FWS is not a guaranteed amount.  It is the student’s responsibility to find a FWS job on campus.
  2. FWS earnings are paid directly to the student through payroll.  It is up to the student to determine how to spend the amount; it is not automatically applied toward tuition and fees.

 The Federal Work Study Process

  1. Log in to MYFA.  Go to the Awards tab.  If Federal Work Study (FWS) is listed, you are eligible.
  2. Search for on-campus jobs through Calling and Career.
  3. Before beginning your campus job, fill out the necessary employment forms at Human Resources.  This can be done at Summer Orientation or the start of the school year.

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