ASSOCIATED COLLEGES OF THE SOUTH
TUITION EXCHANGE PROGRAM
QUESTIONS & ANSWERS
The ACS is comprised of fourteen outstanding liberal arts colleges and
universities. They are
nationally recognized institutions located in the
South, encompassing eleven states. They share a commitment to excellence in all
their programs, offering rigorous academic programs focusing on the growth and
development of each student.
PARTICIPATING COLLEGES AND
Birmingham-Southern College, Centenary College,
Centre College, Furman University, Hendrix College, Millsaps College, Morehouse
College, Rhodes College, Rollins College, Southwestern University, Trinity
University, University of Richmond, the University of the South, and Washington
and Lee University.
WHO IS ELIGIBLE?
Dependents of full-time employees are eligible to apply for an
ACS tuition exchange award.
IS A SCHOLARSHIP GUARANTEED TO ALL ELIGIBLE
ACS colleges and universities set their own policies and procedures for
awarding ACS scholarships.
HOW DO I APPLY?
When you begin to complete your admissions applications to the college and
universities of your choice, contact the ACS liaison officer in the Financial
Aid Office at your place of employment to confirm participation by that
institution. The ACS liaison officer will send you a preliminary application for
the ACS program to be completed and returned to the Financial Aid office. From
this preliminary application, the liaison officer will prepare and submit the
ACE Application/Certification Form to the liaison officers at the institutions
to which you are applying. Eligible individuals who are interested in attending
an ACS college under the terms of the tuition exchange must apply for admission
in the normal way, observing all deadlines.
The liaison officer at the institutions to which you apply will notify you
that your application has been accepted or rejected by returning completed
copies of the ACS Application/Certification Form to you and to the liaison
officer at the institution in which you are applying. Notification of acceptance
into the ACS program will be at the end of March. You should notify the other
institution's ACS liaison officer if you accept the ACS scholarship.
ARE THERE ANY FEES FOR THE ACS PROGRAM?
Each student who is offered an ACS scholarship and accepts the scholarship at
a participating institution must pay $1,500.00 per academic year. Each exporting
institution contributes a matching participation fee of $1,500.00 per student
for each academic year. There are no refunds of this fee.
ARE ACS SCHOLARSHIPS RENEWABLE?
Students must complete a renewal form each year and meet the institution's
standards for academic performance and personal conduct. The family member whose
employment qualified for eligibility for an ACS scholarship must continue to
meet the employing institution's eligibility criteria. The ACS award is
available for only a total of four years of study or until the requirements for
the BA or BS are met, whichever is less. Attendance for less that one that one
year constitutes one year of the four years available.
ARE ACS SCHOLARSHIPS AVAILABLE FOR SUMMER SCHOOL OR FOREIGN
Each institution is required to set their own policies and procedures. Furman
allows the ACS scholarship to be applied toward the Furman foreign study
expenses, but not for summer school expenses.
WHAT IS THE DOLLAR VALUE OF THE ACS
Most ACS scholarships cover full tuition, but not special fees, course
overloads, or room and board charges. For 1998-1999, institutions that charge
more than $15,400 for tuition are permitted to award less than their full
tuition, but not less than $15,400. Some member institutions reduce their ACS
scholarships by the amount of federal and state grants awarded to a student,
whether or not these are based on financial needs. The ACS
Application/Certification Form notifying you of your award should provide
specific details, but if you are confused, seek clarification by asking
questions before you accept the scholarship.
ARE ACS SCHOLARSHIPS TAXABLE?
Under current IRS guidelines, the Tuition Exchange awards are not