Tuition exchange
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Anonymous
The percentage of the new admitted TE candidates offered a TE scholarship for the current academic year: Tulane: <10% Elon: <10% Case western: 11-40% Connecticut college: <10% Pitt: <10% American: <10% Wooster: 11-40% Skidmore: 11-40% Syracuse: 11-40% Baylor: <10% Bucknell: <10% Villanova: <10% Mount Holyoke: 11-40% BU: <10% |
Anonymous
11-40% for University of Richmond |
Anonymous
yes. And some schools don't offer the scholarship to freshmen. |
Anonymous
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OP - thank you for this thread. I too work for a school on this list and agree with the many assessment of excellent schools that participate. However, as is also pointed out, this list is deceptive and a benefit most college employees never access for their children. At many of the excellent schools that have been identified, the chance of receiving funding to the more competitive of the schools is close to nil. The best bet for those truly looking for funding via the program is applying to the least competitive of the schools. For those looking to maximize caliber in college attended, you are more likely to receive strong financial aid packages from equivalent or higher caliber schools not participating in the program than from those that do.
Many who work at these schools think the tuition exchange program is a better benefit than it really is. The reality for most is if you are looking for tuition remission for your child, your best chance is at the school where you work. Of course it’s also worth pointing out even full tuition remission is not the same as a financial aid “free ride” as the value of the tuition remission an employee’s child receives is then taxed as income, so depending on your income tax bracket it could really be the equivalent of a 2/3 aid package. While nothing to scoff at, that is not the “free ride” people think college employees receive for their child. Ultimately chances for aid are far better outside the tuition exchange program. |
Anonymous
| Thanks for this update ^^ |
Anonymous
This is OP. Thanks for your helpful replies and school suggestions. Apparently I missed a few great schools on the list! I guess we’ll apply and see what happens. DC will apply to my school as well but he really wants to be further away from home. Regarding tax implications, my understanding is that TE benefits are not taxable. Here is a quote from one of TE schools Under Section 117 of the IRC, the University may offer a reduction of tuition charges to employees, their spouses and dependent children. As long as that tuition reduction is for undergraduate education, it will be tax-free and excluded from an employee’s taxable wages. Therefore, Seton Hall will not add to its employees’ taxable wages the financial value of the tuition remission or tuition exchange benefit provided for undergraduate level course work for employees, their spouses and/or dependent children. |
Anonymous
| Just curious OP about how your son's Tuition Exchange applications have been going |
Anonymous
| Following up to this thread, on the off chance that OP is still around. OP, did you manage to get your child into a TE program? If so, care to share what school and what stats? (Asking as someone who will be looking at TE programs for a kid graduating hs in 2025.) |
Anonymous
I am not OP but I was part of a TE group on College Confidential. Kids in the groups got TE to Case, Syracuse, Juniata, Muhlenberg (I think), and more. I know others who got it at Richmond and Temple. It’s not as a great a benefit as they make it seem. If your kid is open to going anywhere, then the process is much easier. All the schools have different rules. Some only give it to second year students. Syracuse used to give it to all who were accepted but they no longer do that. Case will require a lot of demonstrated interest. Muhlenberg might require a student to apply ED to be considered yet I think they included more than just tuition. |
Anonymous
| USC, GW, BU, American, Pitt |
Anonymous
My kids have used it to identify safeties (and have not ended up going). |
Anonymous
| At my university (and this is anecdotal), everyone I work with has been able to get it. The ones I think think of off hand because they are recent are Syracuse, USC (2 people), and Delaware. Blanking on others. The applications at our university are ranked by employment length- everyone had 20+ years at the time of application. |
Anonymous
| Question for parents who have gone through the Tuition Exchange process- do you think it hurts your kid's application to be applying for TE? Do the AOs even know if you're applying for TE when they read the app? A few years ago, our son was deferred by what was supposed to be a safety for him (counselor assured us he would get in) -it was a school we did apply for TE. We've always wondered if that had anything to do w/the deferral (he got into an Ivy and some top publics). Now, we're going through the process w D26 and wondering if we should even pursue it. The 2 schools that are target/likely schools that we'd consider putting on the TE list are Mt. Holyoke and Kalamazoo, both schools she really likes, so we don't want to jeopardize her chances of admission by applying for TE, which we know is a longshot at any school because of limited awards. We're wondering if AOs would see a TE applicant as one who might potentially bring in less revenue for the institution and be less likely to admit? |
Anonymous
| Went through the process last year. It does not hurt at all if the AO knows. It is highly competitive! My child only got it at one school but it was a much better school than we expected! Ultimately they enrolled somewhere else. Keep in mind you can use it for grad school if you don’t use it for undergrad. Overall it was less of a benefit than I was expecting. |
Anonymous
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My son’s roommate was eligible for tuition exchange. Second in his class. You have to apply to schools that are safeties to have a shot. His list was not what you would expect for a top student. He got it for maybe 5 schools. From memory, two were Trine and MSOE. Ended up where his father teaches. Got free tuition plus merit and was allowed to stack.
OP needs to go to College Confidential. They are very knowledgeable about tuition exchange over there. |