Financial Aid and Scholarships Made Easy

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EDUCATION IS WELL WITHIN YOUR REACH.

What is financial aid?

The idea of financial aid is pretty simple — it’s any money that helps you pay for college.

That money can come from a variety of places, including scholarships, government grants and federal loans.

We happen to do financial aid really well at Transylvania. It’s why year after year U.S. News & World Report names us among the Best Value Liberal Arts Colleges!

Go to transy.edu/scholarships

that’s

YOU’VE PUT IN THE HARD WORK. NOW REAP THE BENEFITS.

Transy has a wide range of scholarship opportunities, from $10,000 to full tuition for academics, leadership and more. Fill out an application, be admitted and you’re automatically eligible for academic scholarship consideration! Take a look at just some of the scholarships that are available:

Premier Scholarships

Students who apply by the Dec. 1 deadline and have a 4.0 GPA may be eligible for Premier Scholarships. For 2022-23, test-optional students will also be considered. Premier Scholarship candidates will be selected and required to attend a scholarship event. These awards cannot be combined with the merit awards listed below.

William T. Young

Full tuition and fees Kenan and Young Finalist Begin at $30,000/year

Merit Awards

These awards are given based on application materials, such as test scores, recommendations and GPA. Examples of ACT and GPA for typical awards are in red.

President’s $26,000/year 31 ACT and 4.0 GPA

Morrison $25,000/year 29 ACT and 4.0 GPA

Pioneer $24,000/year 26 ACT and 3.5 GPA

Founders’ $20,000/year 23 ACT and 3.2 GPA

Crimson $10,000/year 21 ACT and 3.0 GPA

Other Scholarship Opportunities

Governor’s Scholar Programs (GSP/GSA/GSE) Participating in these Kentucky programs can earn you a minimum $25,000 per year. They cannot be combined with other merit awards. Students will receive the higher scholarship for which they qualify. Gatton Academy (KY) and Craft Academy (KY) — Students will qualify for a minimum of $20,000 per year. These scholarships cannot be combined with other merit awards. Students will receive the higher scholarship for which they qualify.

Trailblazer Scholarship* — The Trailblazer Scholarship ($7,500 per year) is awarded to domestic students from diverse backgrounds in race, ethnicity, gender, sexual orientation and religion and who show a commitment to diversity and inclusion.

Additional scholarship opportunities include:

Cheer and Dance

Disciples of Christ Equestrian (Eventing)

Esports Fine Arts

International Baccalaureate

Transylvania Legacy ROTC Scholarship

Kentucky Community Partner Scholarships Impact Scholarship 1780 Guarantee

These are just a few of the scholarship opportunities available, and many of them may be combined with Transy’s Merit Awards and Premier Scholarships. For a full list of scholarships and their descriptions visit transy.edu/scholarships

*May be combined with any of the above Merit Awards and Premier Scholarships and may require additional application materials and/or auditions.

THERE ARE MANY WAYS TO HELP YOU PAY.

Almost all — 99% — of students receive grants or scholarship aid to attend Transylvania.

But we understand that applying for financial aid can be pretty complicated.

NEED-BASED FINANCIAL AID

Get started by filing the FAFSA, the Free Application for Federal Student Aid. Transy’s ID: 001987

Take a look at some of the most common need-based options:

• Families with financial need may be eligible for grants, which do not need to be paid back. These can come from the federal or state government, or from Transylvania.

• You may be eligible for work-study, providing you a part-time job on campus.

• Families may have interest in taking out student loans, which we’ll cover later.

To be considered for need-based aid, all you need to do is fill out the FAFSA. You may be surprised at the financial aid options your family qualifies for, especially at a private school like Transy.

We have an easy, step-by-step guide on filling out the FAFSA at transy.edu/fafsa.

Sample 2022-23 Financial Aid Packages:

Based on packages of real students

Miranda Miranda, from Kentucky, comes from a single-parent home with an income of $33,570 per year with no assets. Her FAFSA resulted in an Expected Family Contribution of $0. Miranda’s out-of-pocket expense is $9,400, and with our 12-month payment plan that’s just $783 per month.

Cost of Attendance* $59,770

Scholarships $25,125

Grants $16,395

Work-Study $2,400

Federal Student Loans $5,500

Total Financial Aid $49,420

Natalie

Natalie, from Kentucky, and her family have a combined income of $110,316 and $7,900 in assets. Her FAFSA resulted in an Expect ed Family Contribution of $22,917. Natalie’s out-of-pocket expense is $24,463, and with our 12-month payment plan that’s $2039 per month.

Cost of Attendance* $59,770

Scholarships $21,357

Grants $5,100

Work-Study $2,400

Federal Student Loans $5,500

Total Financial Aid $34,357

Cameron

Cameron is from Kentucky and comes from a family making $73,465 per year and with $2,000 in assets. Their FAFSA resulted in an Expected Family Contribution of $6,687. Cameron’s out-of-pocket expense is $16,556, and with our 12-month payment plan that’s $1,380 per month.

Cost of Attendance* $59,770

Scholarships $26,464

Grants $7,900

Work-Study $2,400

Federal Student Loans $5,500

Total Financial Aid $42,264

Chase

Chase is from Ohio, and his family makes $173,841 per year and has $17,150 in assets. His FAFSA resulted in an Expected Family Contribution of $39,493. Chase’s out-ofpocket expense is $30,420, and with our 12-month payment plan that’s $2,535 per month.

Cost of Attendance*

$59,770

Scholarships $20,000

Grants $500

Work-Study $0

Federal Student Loans $5,500

Total Financial Aid $26,000

*Based on 2022-23 Cost of Attendance, which includes direct and indirect costs. Direct costs include tuition, fees, room and meal plan ($56,420) while indirect costs include optional estimated expenses such as books/supplies, transportation and personal expenses ($3,350).

AT

AN INVESTMENT WORTH MAKING

One option available to families to help pay for college is student loans. Though the thought of loans may be scary, they are a common practice when purchasing a new car or paying for a home — items worthy of an investment. You can say the same of a great education!

There are several types of student loans, but the most common is the Federal Direct Student Loan. It comes in two forms:

SUBSIDIZED — These are need-based, and the federal government pays the interest while you’re enrolled in school. Payments are deferred until after you leave school.

UNSUBSIDIZED — These are not need-based, and you’re responsible for paying the interest quarterly. You can also defer payments until after you leave school.

employed or in grad school within six months

PIONEER PLEDGE

We want to keep your costs as low as possible and get you into the workforce sooner. Our Pioneer Pledge helps you do just that. Under the Pioneer Pledge plan, you’ll get:

• Guaranteed graduation in four years or less.

• A level tuition option, which locks in your tuition for four years.

• A 12-month payment plan, which makes your monthly costs more affordable.

Learn more at transy.edu/pledge

IS A SERIOUS INVESTMENT FOR YOUR FAMILY, BUT YOU CAN FEEL SECURE INVESTING AT TRANSYLVANIA.

FIRST THINGS FIRST

Apply to Transylvania at transy.edu/apply . Once admitted, you’ll receive your financial aid package — complete with scholarships and, if eligible, options for grants, work-study and loans — to help make your college decision easier.

Dates to Remember

Oct. 1 — File your FAFSA

Oct. 31 — Early Action Deadline #1

Dec. 1*— Early Action Deadline #2

Feb. 1 — Regular Decision Deadline

Apply now

* All students who apply by the Dec. 1 Early Action Deadline will be considered for Premier Scholarships.

Learn more about financial aid at transy.edu/financial-aid .

Office of Admissions 300 North Broadway Lexington, KY 40508