Scholarships & Aid

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

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 2014-2015, the average family income was recorded as follows:

  • 29% less than $65,000
  • 35% between $65,000 and $125,000
  • 36% over $125,000

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. Learn more in the tables at the bottom of the page. This award is renewable with a 3.2 college GPA and is available to all incoming freshmen.

For students beginning their Taylor enrollment in and after Fall 2017:

AwardAmount
President $15,000
Dean $13,000
Faculty $11,000
Trustee $9,000
Director $6,000

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.

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

See award amounts for students enrolling prior to Fall 2017

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.

Academic

  • President, Dean, Faculty, Trustee, and Director Scholarships

    Type of Aid: Scholarship

    Amount: $6,000-$15,000

    Eligibility: To calculate your merit-based aid, find your GPA and your ACT or SAT scores, add the corresponding points together, and find the sum on the last chart. You must have a minimum 2.9 GPA and board score of 19/980 to qualify. SAT score is calculated by combining the Reading and Math portions of the test and is based on the post-Fall 2015 test version (use conversion tool to convert scores). Scholarship is renewable each year with a 3.2 Taylor GPA.

    These award amounts are for 2017-2018

    See award amounts for students enrolling prior to Fall 2017

    GPA
    At least Points
    4.00 15.0
    3.95 13.5
    3.85 12.0
    3.80 10.5
    3.70 9.0
    3.60 7.5
    3.45 6.0
    3.30 4.5
    3.00 3.0
    2.90 1.5
    Board Score
    At least Points
    ACT SAT
    31 1420 15.0
    29 1350 13.5
    28 1310 12.0
    27 1280 10.5
    26 1240 9.0
    25 1200 7.5
    24 1160 6.0
    23 1130 4.5
    21 1060 3.0
    19 980 1.5
    Academic Scholarship
    Award Points Amount
    President 27.0 $15,000
    Dean 23.0 $13,000
    Faculty 17.0 $11,000
    Trustee 10.0 $9,000
    Director 6.0 $6,000

    The scholarship received is determined by adding GPA points and ACT/SAT points to find your total Scholarship Points.

  • Academic Merit Award

    Type of Aid: Scholarship

    Amount: $15,000

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

  • 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, Faculty, Trustee, or Director Scholarship winners.

  • Transfer Scholarship

    Type of Aid: Scholarship

    Amount: $10,000

    Eligibility: Awarded to all transfer students who have taken at least one year of college credit after high school and have a college GPA of 3.2. This academic scholarship is awarded in lieu of other academic scholarships.

Co-Curricular

  • 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_Prospective_Students.pdf

    Application 2: Art_Scholarship_Continuing_Students .pdf

    External Application: Apply Online Now

    Application Deadline: March 1

  • 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.

  • Community Scholarship

    Description: Any incoming freshman may apply for this scholarship, based on their interest in one of three identified passion areas. Learn more.

    Type of Aid: Scholarship

    Amount: Up to $3,000

    Eligibility: Must apply to Taylor by December 1 their senior year of high school. Taylor must receive all supporting documents -- SAT/ACT scores, high school transcript, Christian Character Reference -- by December 10. Only accepted students will be considered for the scholarship.

    Application Deadline: January 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

Diversity

  • 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.

    External Application: Apply Online Now

    Application Deadline: April 1

Indiana Residents

  • Alspaugh - Hodson Family Scholarship

    Type of Aid: Scholarship

    Amount: Starting at $7,000

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

    External Application: Apply Online Now

    Application Deadline: March 10

  • Muselman Memorial Scholarship

    Type of Aid: Scholarship

    Amount: $2,000 - $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.

    External Application: Apply Online Now

    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.

    External Application: Apply Online Now

    Application Deadline: March 10

Miscellaneous

  • 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

  • Endowed Scholarships

    Type of Aid: Scholarship

    Amount: Varies

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

    External Application: Apply Online Now

    Application Deadline: March 10

  • Halbrook Freedom Scholarship

    Description: The Halbrook Family Foundation affirms its desire to advance the mission of Taylor University to develop servant leaders marked with a passion to minister Christ’s redemptive love and truth to a world in need. That mission, it believes, can only be truly advanced over time by a free people competing in free markets, unfettered by government in the practice of their faith and in pursuit of their God-given potential. For that reason, it has chosen to establish the Halbrook Freedom Scholarship to inspire and encourage Taylor students of deep Christian beliefs to grasp the essentiality of, and strive to uphold, the enduring principles of the United States of America. In so doing, these recipients will bequeath to the future a way of life that has made this country the most prosperous and generous in human history. There is a special, though not exclusive, interest in helping students interested in entrepreneurship, education, media, and government.

    Type of Aid: Scholarship

    Amount: $5,000 per year (renewable)

    Eligibility: You must have filed the FAFSA and be accepted to Taylor University prior to applying.

    External Application: Apply Online Now

    Application Deadline: March 10

  • Phi Theta Kappa/American Honors Scholarship

    Type of Aid: Scholarship

    Amount: $5,000

    Eligibility: Awarded to transfer students who are members of Phi Theta Kappa/American Honors Society.

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.

  • Federal Pell Grant

    Type of Aid: Grant

    Amount: Up to $5,920

    Eligibility: Eligibility based on the FAFSA.

    External Application: Apply Online Now

  • Federal SEOG Grant

    Type of Aid: Grant

    Amount: Up to $2,000

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

    External Application: Apply Online Now

    Application Deadline: March 10

  • Indiana Freedom of Choice Grant

    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: Apply Online Now

    Application Deadline: March 10

  • Indiana 21st Century Grant

    Type of Aid: Grant

    Amount: $8,041

    Eligibility: Must be a 21st Century Scholar. Students attending public schools in Indiana can sign up for the 21st Century Scholar program in the 8th grade and continue in the program throughout high school.

    External Application: Apply Online Now

    Application Deadline: March 10

  • Other State Grants

    Type of Aid: Grant

    Amount: Varies

    Eligibility: Contact your Guidance Counselor

    External Application: Apply Online Now

    Application Deadline: March 10

  • Taylor Grant for 21st Century Scholars

    Type of Aid: Grant

    Amount: $3,000

    Eligibility: Must be a 21st Century Scholar

    Application Deadline: March 10

  • Cultural Diversity Grant

    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 grant 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 grant is awarded during a student’s admission process once need is determined by filing the FAFSA.

    Type of Aid: Grant

    Amount: Up to $3,000

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

  • Taylor Grant for Lilly Community Foundation Scholars

    Type of Aid: Grant

    Amount: Room and Board Charges

    Eligibility: Must be a Lilly Community Foundation Scholar

  • Taylor Church Matching Grant

    Description: 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.

    Type of Aid: Grant

    Amount: Up to $1,000 per year

    Eligibility: Taylor matches a church's gift up to the amount above. Churches may make their payment online.

    Supplemental Information: ChurchMatchingGrantBrochure.pdf

    Supplemental Information ChurchmatchingGrantSampleLettertoChurch.pdf

    Application Deadline: March 10

  • Taylor Fund Grant

    Type of Aid: Grant

    Amount: Up to $9,000

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

    External Application: Apply Online Now

    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: 3.76%

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

    External Application: Apply Online Now

  • 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: 3.76% for undergraduates and 5.31% for graduate students

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

    External Application: Apply Online Now

  • 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: 6.31%

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

    External Application: Apply Online Now

  • 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: Apply Online Now

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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