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Cornell Financial Assistance Programs
Merit Scholarships
Merit scholarships and awards are awarded to first-year and *transfer students. Scholarships and Awards are only awarded to students in their matriculation year to Cornell College. Students with merit-based scholarships and/or awards, either academic or fine arts, must maintain the renewal criteria listed below. Please contact the Admission Office for specific scholarship amounts.
If a student loses or forfeits a scholarship or an award, s/he will NOT be awarded a different scholarship or award, though eligible students may be awarded additional need-based aid. A student will not be awarded an additional award or have a scholarship upgraded based upon her/his academic performance at the college. Grades earned at another college do not apply toward the GPA renewal requirement, i.e., only grades earned at Cornell are applicable.
Note: Scholarship amounts will be adjusted for commuter students. Contact the Admission Office for specific amounts.
*Transfer students who enter with junior status may retain their scholarship/award for a maximum of 18 terms, 2 years, or until graduation, whichever occurs first; sophomore status, a maximum of 27 terms, 3 years, or until graduation, whichever occurs first; first year status, a maximum of 32 terms, 31/2years, or until graduation, whichever occurs first.
Academic Scholarships
ScholarshipGPA
William Fletcher King Scholarship3.25
Samuel Fellows Scholarship3.25
Trustee Scholarship3.25
National Excellence Scholarship3.25
Presidential Scholarship3.00
Dean's Scholarship3.00
Armstrong Multicultural Scholarship2.00
Keeler Scholarship2.00
Bowman United Methodist Scholarship2.00
Academic & Community Enrichment (ACE) Scholarship2.00
PACE Scholarship2.00
Music Scholarships**
ScholarshipGPA
William Fletcher King Scholarship3.00
Trustee Scholarship2.80
Theatre Scholarships**
ScholarshipGPA
William Fletcher King Scholarship3.00
Trustee Scholarship3.00
Awards**
AwardGPA
Horrace Alden Miller Music (HAMM) Award2.00
Dungan Music Award2.00
Buzza Art Award2.00
Art Award2.00
Theatre Award2.00
Methodist Servant Award2.00
**Additional performance criteria are also required. Please contact the Art, Music, or Theatre departments for renewal criteria.
Probationary Policy for Scholarships and Awards
If a scholarship recipient's GPA falls below the required GPA for scholarship renewal by more than .25, the student would automatically lose the scholarship. If the student is in good academic standing and his/her cumulative GPA is within .25 of the required GPA, the student retains the scholarship but is placed on scholarship probation. During the probationary period, the student is given one academic year to raise the GPA to the required level. If the student is successful in achieving the required GPA, he/she is removed from probation. Only one probationary period would be allowed. If the student does not raise his/her GPA to the required level, he/she would lose the scholarship for all future years at Cornell College, and the student's financial assistance will be evaluated on financial need only.
The VP for Enrollment and the Director of Financial Assistance will review exceptions to the probationary policy on an individual basis. Generally, approved exceptions are granted on the basis of the magnitude of circumstances beyond a student's control.
- Ministerial Awards are available to children of ordained clergy, regardless of denomination, as long as the clergy's chief employment is either in a parish ministry or a ministry directly supported by the church. Awards are based upon financial need as determined by the federal needs analysis formula and institutional policies.
- Cornell Grants/Endowed Scholarships are funds made available by the College and are based on the financial need of the student. Grant amounts may vary each year depending upon financial need.
- Institutional student employment provides on-campus employment
opportunities for students who do not demonstrate financial need. Work
awards are typically $800-$1200 per year. Students are paid minimum wage once a
month. Students may receive a pay raise on a case-by-case basis.
- The Mabel E. Sherman Loan is awarded to students who are Iowa residents.
Priority is given to students who are in their first or second year of college. The loan has a 7% interest rate and the interest will accrue one year from the day after separation from Cornell College. Repayment shall not exceed 10 years.
- The McElroy Loan is awarded primarily to students during their first and second years of college. The loan has an 8% interest rate. The interest will accrue beginning six months after separation from Cornell College. Repayment shall not exceed 10 years.
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