Financial Aid

MCMURRY SCHOLARSHIP REQUIREMENTS
STUDENT FINANCIAL AID POLICIES

2014-2015


The following constitutes our agreement with regard to proposed changes in our financial aid program.

  1. The University’s Financial Aid Office is responsible for administering all financial awards and scholarships.  No offer of financial aid will be honored until it has been officially confirmed by the Financial Aid Office.

  2. McMurry Institutional financial aid will be awarded up to a maximum of 120 total credit hours of enrollment.  Freshmen Institutional awards are 8 consecutive semesters provided students meet maintenance requirements.  Institutional based awards require full time enrollment.  Students who do not need 12 credit hours remaining to complete their degree in their final semester will have their institutional scholarships pro-rated. For example; if a student is enrolled in 9 hours grants and scholarship will be reduced to an hourly rate based on 12 hours; $4000 award divieded by 12 equals $333 an hour times 9 equals a $2997 award.

  3. Institutional Aid—is all scholarships and grants McMurry University has access to award students.

  4. McMurry institutional financial aid will be awarded up to 120 (includes transfer hours) total credit hours for Transfers.  Transfer institutional awards are 8 consecutive semesters minus number of hours transferred.  Institutional based awards require full time enrollment.
  5. Students will not be awarded gift aid beyond the cost of tuition.  Gift aid includes federal grants, state grants, McMurry grants and scholarships, and private scholarships.  Private scholarships are those that students receive from outside sources.

  6. Students with extenuating circumstances may appeal the loss of their Tuition Equalization Grant (TEG) or McMurry Institutional scholarship by completing the Financial Aid Appeal Form.

  7. Endowed Scholarships- Students may apply for endowed scholarships using the on-line Scholarship System. The selection criteria will take into consideration such factors as potential academic progress, financial need, and prior academic successes.  The values and number of recipients vary from scholarship to scholarship.  The recipients will be selected by Reviewers made up of faculty and staff. Recipients will be required to write thank you notes for the donors who have generously provided the funds for the scholarships.

  8. The following awards are exclusive of each other and cannot be stacked together: Honors, Presidential, University, Deans, McMurry Award, Phi Theta Kappa, Transfer I, Transfer II, Transfer III, Transfer IV Award, and all Military Awards,.  These awards are considered merit-based & must meet the following requirements:

    Honors Scholarship (2) - Full tuition: Top 5 % of class or 1220 SAT and above (CR + M) or 27 ACT; 4 year scholarship, 3.5 GPA to maintain; requires honors program application completed by February 1st. (Patty Hanks School of Nursing students not eligible);(Cannot be used for intercollegiate classes).

    Trustee Honor Scholarship-$3,000/year for students who apply for and are accepted to the Honors program.  This will be in addition to a Presidential or University Scholarship, Phi Theta Kappa or Transfer I Scholarships for which the student may qualify.  May not exceed tuition.  Must maintain a 3.5 GPA. (Patty Hanks School of Nursing students not eligible); (Cannot be used for intercollegiate classes).

    Presidential Scholarship- Up to $12,000/year: 950+ SAT or 20+ ACT, and 3.5 GPA; 4 year scholarship, 2.75 GPA to maintain; Full Time Fall/Spring (Cannot be used for intercollegiate classes).

    University Scholarship- Up to $11,500/year: Less than 950 SAT or Less than 20 ACT and 3.5 GPA OR 100+ SAT or 24+ ACT and 3.0-3.499 GPA; 4 year scholarship, 2.0 GPA to maintain; Full Time Fall/Spring (Cannot be used for intercollegiate classes).

    Dean’s Scholarship- Up to $10,000/year: Less than 1100 SAT or Less than 24 ACT and less than 3.5 GPA OR 1100+ SAT or 24+ ACT and less than 3.0 GPA; 4 year scholarship, 2.0 GPA to maintain; Full Time Fall/Spring (Cannot be used for intercollegiate classes).

    McMurry Award- Up to $8,500/year: No new awards, 4 year scholarship, 2.0 GPA to maintain; Full Time Fall/Spring (Cannot be used for intercollegiate classes).

    Academic Incentive Award- No new awards, maintain 2.0 GPA, Admitted to McMurry, with demonstrated leadership, community service or involvement (Cannot be used for intercollegiate classes)

    Lydia Patterson Scholarships-(1) Full Tuition scholarship available per year: 2.75 High School GPA; 4 year scholarship, 2.0 GPA to maintain. Lydia Patterson scholarships are available to first-time freshmen only.  This is a merit based award. (Cannot be used for Intercollegiate classes); (Patty Hanks School of Nursing students not eligible)

    The United Methodist Minister Dependent Award-$1,500/year with confirmation of parent being an Active Ordained United Methodist Minister.  Must complete Minister Dependent Form, (Patty Hanks School of Nursing Student not eligible); (Cannot be used for intercollegiate classes).

    McMurry United Methodist Grant—Up to $3,500 documented member of United Methodist Church, need based, FAFSA  and Methodist Applicaton and church certification required. (Patty Hanks School of Nursing Students not eligible); (Cannot be used for intercollegiate classes).

    McMurry Need Grant—Up to $3,500 need-based, FAFSA required, Transfer and Continuing students only.  (Patty Hanks School of Nursing Students not eligible); (Cannot be used for intercollegiate classes).

    International Scholarship--Half Tuition; 2.75 GPA; 4 year scholarship, 2.0 GPA to maintain. (Cannot be used for intercollegiate classes); (Patty Hanks School of Nursing Students not eligible).

    Phi Theta Kappa Scholarship- Up to $8,500/year: Documented member of PTK, 3.7 GPA; 3.0 GPA to maintain; Full Time Fall/spring (Cannot be used for intercollegiate classes).

    Transfer I Scholarship- Up to $7,500/year: 3.6 GPA-4.0 GPA, 24 hrs transferred; 2.5 GPA to maintain; Full Time Fall/ Spring (Cannot be used for intercollegiate classes).

    Transfer II Scholarship- Up to $6,500/year: 3.0 GPA-3.59 GPA, 24 hrs transferred; 2.0 GPA to maintain; Full Time Fall/Spring (Cannot be used for intercollegiate classes).

    Transfer III Scholarship- Up to $5,500/year: 2.5 GPA -2.99 GPA, 24 hrs transferred; 2.0 GPA to maintain; Full Time Fall/Spring (Cannot be used for intercollegiate classes).

    Transfer IV Award- Up to $4,500/year: 2.0 GPA-2.49 GPA, 24 hrs transferred; Full time Fall/Spring (Cannot be used intercollegiate classes).


    Military Dependent Award-
    30% Tuition Discount:  Full or Part Time Enrollment Fall/Spring, Dependent of Full Time Active Military Personnel, Military ID required. (Cannot be used intercollegiate classes); (Patty Hanks School of Nursing students not eligible).

    Dyess Scholarship --- Special Military rate for Active Duty Members using Tuition Assistance(TA). As part of our continued support and partnership with the Air Force, McM University is proud to offer a special military rate for Active Duty members using TA. Those who are eligible to receive TA will be charged the maximum amount allowed, currently $250 per credit hour for McMurry classes. Out of pocket expenses will be for books and supplies. Those under partial TA are subject to the limitation of one class in addition to the TA funded courses at the special rate and will be required to pay according to the balance after TA. Special tuition rate does not apply for classes at Patty Hanks School of Nursing, Athletic Scholarships, nor intercollegiate classes.  (Cannot be used for intercollegiate classes); (Patty Hanks School of Nursing students not eligible).

  9. Resident Hall Scholarship-room scholarship awarded to RA's to cover cost of housing and work program to cover cost of meal plan.


  10. 4 Corner Navajo Native American Award- Up to full tuition & fees after federal aid, academic scholarship, private scholarships are applied. Requires admission to McMurry University and 2.0 GPA to maintain. Students must be Navajo Native American & from New Mexico, Arizona, Utah or Colorado. Award requires application for federal funding (FAFSA), Navajo Native American and Methodist Foundation awards. (Patty Hanks School of Nursing Students are not eligible) ;( Cannot be used for intercollegiate classes). Students should apply for scholarship from Office of Navajo Scholarship & Financial Assistant. (Limited number available). Cannot be combined with Athletic Scholarship.

  11. Chase Foundation Award-McMurry has partnered with Chase Foundation to provide a matching scholarship up to $2,500/year not to exceed tuition. To continue, students must receive scholarship from Chase Foundation each year. Applications for graduating Artesia High School seniors are available at www.chasefoundation.com. (Patty Hanks School of Nursing Students is not eligible); (Cannot be used for intercollegiate classes). Cannot be combined with Athletic scholarship.
    .

  12. Tuition Equalization Grant (TEG)—students must complete 24 hours, complete 75% of attempted hours and maintain a 2.5 GPA per academic year to continue to be eligible to participate in the TEG Program. The Texas Residency Form and completion of FAFSA is required. Students who lose their TEG eligibility due to GPA or hours completed may appeal to the Financial Aid Director if they have extenuating circumstances. Appeal forms are available in the financial aid office. Cannot be combined with Atlethic Scholarship.

  13. Policy for Intercollegiate Enrollment

 Intercollegiate enrollment is possible through Hardin-Simmons University and Abilene Christian University when a class is not offered at McMurry University in a particular major.  When this occurs, the student will be charged with any additional costs incurred at the other university but billing will be through the McMurry Business Office.  Payments should not be made to Hardin-Simmons or Abilene Christian by the student.  Be aware of the cost difference in tuition and fees as the inter-college adjustments may not occur on your McMurry account until six weeks into the semester. 

  •  Students will pay the McMurry tuition rate or the attending institution’s tuition rate—whichever is higher.  For students on block tuition, the tuition will be converted to an hourly rate according to the number of hours of enrollment.  This calculated amount, or the hourly rate as charged, is then compared to the amount billed to McMurry by the attending university.  Adjustment to the account will be assessed to meet the higher rate.

  •  Students will be assessed an Intercollegiate Fee of $25.00 per semester to cover the additional cost of billing and grade reporting procedures.  This will apply to all inter-college students, whether their home school is McMurry, Hardin-Simmons, or Abilene Christian University.

  •  Institutional financial aid will be prorated your last semester before graduation unless you are enrolled in 12 or more hours.  For example, if a student is enrolled in 9 hours grants and scholarship will be reduced to an hourly rate based on 12 hours; $4000 award divieded by 12 equals $333 an hour times 9 equals a $2997 award.

  •  In no case shall the McMurry institutional scholarship exceed the McMurry tuition charged.

 •   Enrollment in the Abilene Intercollegiate School of Nursing program is not considered as inter-college for these purposes.

 •   Employee scholarship/benefit does not apply to inter-college enrollment.

 •   Dyess scholarships do not apply to inter-college enrollment.

 •   Intercollegiate rules apply to Study Abroad programs.

If Faculty Scholarship recipient also enrolls in an intercollege class, the following formula will be followed:  Block tuition divided by the number of hours of total enrollment= the price the student is being billed per hour.  The Faculty Scholarship amount will be that price multiplied by the number of McMurry hours of enrollment.  The student is responsible for the balance.

Click here to complete your FAFSA

Frequently Asked Questions "How is the Expected Family Contribuation calculated?"
   
Frequently Asked Questions "How do I know if I'm making 'Satisfactory Academic Progress?'"

For more information, contact:

Financial Counselor
Campus Box 908
(325) 793-4713
(800) 460-2392 Ext. 4713
mailto:financialaid@mcm.edu