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Scholarship and Financial Aid Opportunities


McKendree University and the value of a private education.
The most important consideration when choosing a school is to find one that meets your academic and personal goals. Don’t rule out a school early in the college search process due to financial concerns. If McKendree feels like a good fit to you, apply for admission and allow us the opportunity to work with you and your family to make your education affordable. We offer an education of exceptional value at McKendree – U.S. News & World Report’s “Best Colleges” edition ranks McKendree University among the top five Midwest regional universities whose students graduate with the lowest amount of debt.

This table represents eligibility and amount information for scholarship and financial aid opportunities inlcuding merit and talent awards, need-based aid and financing options.

             

MERIT & TALENT AWARDS

 

ELIGIBILITY

 

AMOUNT

 

MORE INFORMATION

             

First Year Academic Scholarships

 

Admitted, first year students that meet academic achievement benchmarks at time of admission.

 

Awards range from $6,500 to $12,000 annually.

 

Award is automatically renewed as long as the student meets the academic standards outlined in the scholarship offer.

             

Transfer Academic Scholarships

 

Admitted, transfer students that meet academic achievement benchmarks at the time of admission.

 

Awards range from $5,000 to $14,000 annually.

 

Award is automatically renewed as long as the student meets the academic standards outlined in the scholarship offer.

             

International Academic Scholarships

 

McKendree University is excited to provide academic scholarships to international students who have completed the application process and been accepted to McKendree.

 

Award amounts vary.

 

Scholarships are awarded at the time of admission based upon the student's application and academic merit.

             

Leadership Award

 

Presidential and Honor’s Scholars that attend the Leadership Competition.

 

Awards range in value from $1,000 to $5,000 annually.

 

Students must reside in campus housing to receive this award.

             

Fine Art Scholarships
Art, Dance, Music, Theatre

 

Awarded to students for participation in the Fine Arts.

 

Award amounts vary.

 

The Division of Visual and Performing Arts requires audition, portfolio, and/or interview.

       
   

Athletic Scholarship

 

Based on athletic ability as determined by the head coach and the availability of funds in select varsity programs.

 

Award amounts vary.

 

Contact should be made directly with the coach for more information.

             

Marching Band, Color Guard,
Winter Guard Scholarships

 

Awarded for participation in marching/pep band combo, jazz ensemble/combo, and/or color/winter guard.

 

Awards range from $1,000 to $4,000 annually.

 

Students selected to IMEA will receive an automatic $5,000 annual award.

             

Community Service Scholarships

 

Students who have demonstrated involvement in community service.

 

Award amounts vary.

 

Students must submit the application prior to January 12.

             

Spirit Scholarships
Cheerleading, PomCats, Mascot

 

Awarded to students for participation in the cheerleading, pomcats, or mascot programs.

 

Award amounts vary.

 

Students must try out and be selected to join one of the Spirit Programs.

             

Bearcat Support Scholarship

 

Offered to students selected to participate with the Bearcat Athletic Support Experience.

 

$2,000 annually

 

Students participating on an athletic team are not eligible to receive this award. Applications are due by March 1. For more details. Apply now.

             

Harry M. Statham Legacy Award

 

Awarded to the grandchildren, children, or siblings of McKendree Alumni.

 

$1,000 annually

 

Students must indicate this relationship on their application for admission.

             

John Wesley/Methodist
Scholarships

 

Awarded to selected students who have a $500 or $1,000 scholarship from their church.

 

Awards are matched with either a $250 or $500 scholarship.

 

Contact your pastor about other United Methodist Scholarship opportunities.

             

Model United Nations
Scholarships

 

Offered to select students who have participated in Model UN activities on campus.

 

$1,000 annually

 

Contact your Model UN sponsor for more information about the application.

             

Technology Scholarships

 

Available to students who wish to study in the STEM fields.

 

Award amounts vary.

 

This scholarship is competitive and cannot be paired with academic scholarships. Applications are due by December 1. For more information and to apply.

             

WYSE Scholarships

 

Awarded to first year students who have competed in either the World Wide Youth in Science and Engineering regional or sectional on McKendree's campus and placed 1st, 2nd, or 3rd in any individual event.

 

$1,000 to $2,000 annually

 

 

For more information.

             

FIRST Scholarships

 

FIRST Scholarships are awarded to first year students who have been actively involved with either a FIRST Robotics Competition (FRC) or a FIRST Tech Challenge (FTC) team at some point in their high school career.

 

$1,000 annually

 

For more information.

             

YMCA Student of the Year Scholarship

 

Awarded to students identified through an application process administered by each local area YMCA and the Office of Admission at McKendree.

 

$5,000 to $10,000 annually

 

Check with your local YMCA for more details.

             

Debate/Forensics Team

 

Offered to selected students intending to participate in the McKendree Forensics Team.

 

$1,000 - $2,000 annually

 

Contact should be made directly with the coach for more information.

 

             

NEED-BASED AID

 

ELIGIBILITY

 

AMOUNT

 

MORE INFORMATION

             

McKendree University Grant

 

Awarded based on a combination of character, academic ability, and financial need as determined by FAFSA.

 

Awards amounts vary.

 

Priority consideration given to students that are admitted to the University and file FAFSA before March 1.

             

Federal Pell Grant

 

Award based solely on financial need as determined by FAFSA.

 

Award amounts vary up to $5,645 depending on financial need and the number of semester hours enrolled.

 

The FAFSA must be completed each year.

             

Illinois Monetary Award Program
(MAP) Grant

 

Awarded to Illinois residents who demonstrate financial need and plan to attend a College or University in Illinois.

 

Maximum annual tuition award $4,720.

 

The FAFSA must be received by the federal processor on or before the deadline set by the state. Recommend applying before March 1.

             

Federal Direct Student Loan

 

A long-term low interest student loan available to students in the form of a subsidized or unsubsidized loan based on demonstrated financial need.

 

Grade level maximums:
Freshman: $5,500
Sophomore: $6,500
Junior/Senior: $7,500

 

The FAFSA must be completed each year. Repayment begins 6 months after leaving the University. Deferment options may be available.

             

Federal Work Study

 

Student employment opportunities that allow the student to earn money that can be put directly towards the cost of attendance or used as spending money.

 

Award amounts vary up to $2,000 depending on financial need. Student must work to earn the amount offered.

 

The FAFSA must be completed each year. Students using earned monies to help with attendance costs must complete appropriate paperwork.

             

FINANCING OPTIONS

 

ELIGIBILITY

 

AMOUNT

 

MORE INFORMATION

             

Payment Plan

 

McKendree partners with Tuition Management Systems to offer an interest free monthly payment program.

 

Monthly payment varies based on the balance due for tuition, rooms, meal plan, and fees.

 

Monthly payment varies based on the balance due for tuition, rooms, meal plan, and fees.

             

Federal Parent Plus Loan

 

Allows credit-worthy parents to access funds from the federal loan program to assist with their part of the educational cost.

 

Maximum amount is the cost of education less other financial aid.

 

Deferment options may be available.

             

McKendree Wagner Loan

 

Students pursuing study towards the ministry.

 

Students may borrow any amount up to, but not exceeding the cost for one year.

 

If all requirements are met, the loan is interest free and half of the total loan amount is forgiven.

             

Alternative/Private Education Loans

 

Private loan programs are available to students with a cosigner who need funding beyond the limits of the federal loan program.

 

Maximum amount is the cost of education less other financial aid.

 

Interest rates are variable and are based on the credit history of the borrower and/or cosigner. Deferment options may be available.