Employees of Lincoln Memorial University are eligible to participate in the Tuition Exchange Scholarship Program. Unlike the Tuition Remission (tuition benefit) program offered through LMU, Tuition Exchange is not a guaranteed paid tuition plan. Tuition Exchange is a scholarship program. The program allows full time employees, their dependents, and their spouses the opportunity to apply to other participating institutions and compete as an applicant for a Tuition Exchange Scholarship. LMU participates in two different Tuition Exchange programs – Council of Independent Colleges (CIC) Tuition Exchange and The Tuition Exchange (TE). Lists of participating institutions can be found on each program’s website.
To participate in the Tuition Exchange Program, eligible employees requesting tuition exchange through CIC or as a renewal of The Tuition Exchange (TE) must complete a LMU Tuition Exchange Application form and return it to the Human Resources Office. New applicants for The Tuition Exchange (TE) must submit all applications via www.tuitionexchange.org. Please see the tuition exchange form below for instructions. The LMU TELO will ensure eligibility of applicants and will submit and process scholarship applications on behalf of the applicant. It is the applicant’s responsibility to do all follow up with each institution they are applying to and to understand the criteria and deadlines by which that institution will consider their Tuition Exchange Scholarship applications. Each institution sets its own standards for eligibility, admissions, determining the number of scholarships it will offer and overseeing the selection process. For the TE program, institutions must maintain a reasonable balance between imports
(students attending LMU with tuition exchange) and exports (eligible applicants from LMU who are attending other institutions). The CIC Tuition Exchange program requires a minimum of three (3) new imports each year. LMU will export applicants based on the employee or applicant’s years of service and on application received date. Priority will be given to renewal applicants. LMU has the right to stop exporting applicants at any time if the above requirements for each program are not met. If exports are halted during a year, a wait list will be created for any additional applicants. If an export position opens up, using the wait list, the next eligible applicant will be submitted for export. Being submitted as an export applicant does not guarantee a Tuition Exchange Scholarship. It is the applicant’s responsibility to notify the TELO when a commitment has been made to an institution or when a withdrawal occurs.
Each institution decides their own criteria for awarding CIC scholarships each year. Each institution must accept three new applicants each year but can accept more if the institution is inclined. Lincoln Memorial University accepts three new students each year from all applications. Criteria for CIC scholarship selection to LMU will include the program for which the applicant is applying (undergraduate applicants will be given first priority), the date of the scholarship application, and GPA and test scores. Applicants who are chosen to receive the Tuition Exchange Scholarship are required to complete a Free Application for Federal Aid (FAFSA). The Tuition Exchange Scholarship covers full tuition only at LMU and may be reduced in cases where the applicant receives additional grants or scholarships. The Tuition Exchange Scholarship supersedes all other institutional scholarships and grants. Tuition Exchange Scholarship recipients are required to maintain Satisfactory Academic Progress (SAP) as outlined in the University handbook to maintain eligibility.
Each college under the TE program decides their own criteria for awarding TE Scholarships each year. There is no minimum or maximum number of scholarships set by the TE program; therefore, a participating school could award as little as one scholarship or even none in a given year. TE does require that institutions maintain a reasonable balance between exports and imports. Lincoln Memorial University has not set a yearly limit on the number of awards given to incoming students. Applicants who are chosen to receive the Tuition Exchange Scholarship are required to complete a Free Application for Federal Aid (FAFSA). The Tuition Exchange Scholarship covers full tuition only at LMU and may be reduced in cases where the applicant receives additional grants or scholarships. The Tuition Exchange Scholarship supersedes all other institutional scholarships and grants. Criteria for TE Scholarship selection to LMU will include the program for which the applicant is applying, the date of the Scholarship application and GPA and test scores. Tuition Exchange Scholarship recipients are required to maintain Satisfactory Academic Progress (SAP) as outlined in the University handbook to maintain eligibility.
Click here for the required LMU Tuition Exchange Form.