Tuition Exchange (TE) Program
The Tuition Exchange (TE) program is a national scholarship exchange program available to dependent children of full-time faculty and staff at approximately 500 participating colleges and universities.
Colleges and universities participating in this program have agreed to grant tuition scholarships for participants from other member institutions. The primary obligation of each member institution is to maintain a balanced exchange pattern, i.e., a reasonable match between student ‘exports’ and student ‘imports’. A member institution may import as many students as it wishes. It may not, however, export more than it imports over a predefined period of time. Institutions with more “import” applicants than “exports” might limit the number of TE Scholarships they award.
All applicants must seek admission to the TE partner institution, which determines admission and admission procedures.
The following guidelines are applicable to eligible WPI employees who participate in the Tuition Exchange program.
- ELIGIBLE EMPLOYEE: Any faculty or staff member who has completed three years of continuous full-time employment at WPI as of August 31st of the year the employee’s dependent child would matriculate at a TE school is eligible. Participation in the program will cease upon termination of employment.
- DEPENDENT CHILD: Any dependent child of an eligible employee (as defined by the IRS) up to age 27.
- APPLICANT: The dependent child of an eligible employee who has applied for full-time, undergraduate study to a college or university participating in the Tuition Exchange (TE) program. Tuition Exchange scholarships are not granted for graduate study, non-degree study, or second undergraduate degrees.
- MAXIMUM SCHOLARSHIP: The maximum period of time that each export and import recipient may receive a scholarship is four years (eight semesters).
- A WPI Tuition Exchange (TE) Application must be completed and returned to the Human Resources Office for confirmation of eligibility during the year preceding the dependents enrollment to be considered for the Tuition Exchange scholarship. The TE application deadline will be determined by Human Resources and Financial Aid yearly.
If the number of prospective applicants exceeds the number of slots available to WPI, applicants will be selected in the following manner:
- A random lottery of all prospective applicants will be conducted. The lottery will occur annually. Certifications will be done for the number of names equal to WPI’s available export slots.
- Remaining names will be placed on a wait list in the order drawn during the lottery. In cases where a certified export applicant is not successful in obtaining a TE scholarship, the next name on the wait list will be certified.
- If the number of applicants is equal to the number of slots available, each applicant will be given the opportunity to seek a Tuition Exchange (TE) scholarship and WPI will certify the prospective student as a Tuition Exchange (TE) candidate to any participating college to which they apply to for admission.
- WPI’s Tuition Exchange Liaison Officer, the Director of Financial Aid, will complete the certification of export applicants.
- Tuition Assistance and Tuition Exchange can not be used simultaneously.
Last modified: November 12, 2008 09:41:14