Saint Louis University participates in both the Tuition Exchange program and the Faculty and Staff Children Exchange. The programs allow eligible dependent children of eligible SLU employees to apply for scholarships at more than 600 colleges and universities.
The Tuition Exchange program is a reciprocal scholarship program for children and other family members of faculty and staff employed at more than 700 participating institutions. The Tuition Exchange Inc. association serves higher education by making careers at colleges and universities more attractive.
Each participating institution determines the number of tuition exchange scholarships it will grant to incoming students each year. As a result, they are highly competitive, and there are no guarantees to the children of any given faculty or staff member that they will be able to use the tuition exchange scholarship at the institution of their choice.
Eligibility
At Saint Louis University, an employee must have completed at least three years of continuous full-time service to be considered eligible to apply for tuition exchange at participating institutions. However, three or more years of service does not automatically guarantee certification for tuition exchange.
Tuition Exchange applications must be received by no later than Oct. 1. After the initial application has been submitted, any additional requests to add an institution or institutions must be submitted to our office no later than Dec. 1 for additional certification. There is no guarantee that a late certification will be honored by the institution.
Scholarships can cover full tuition or a rate set by the tuition exchange. For this year, private institutions that charge more than $42,000 for tuition are permitted to award less than their full tuition, but must award at least $42,000.
Application Process
- By Oct. 1, create a Tuition Exchange account and complete the EZ-Application. Indicate the participating institution(s) to which your child is planning to apply for admission on the application. Students can have a maximum of 20 active schools at any time. Applying for tuition exchange does not guarantee that you will be certified for tuition exchange.
- SLU Human Resources will confirm your eligibility in order to certify via Tuition Exchange. If you are certified and accept the tuition exchange, the $50 processing fee will be deducted from your next available paycheck by human resources. You must pay the fee before the tuition exchange coordinator will send information to the prospective institutions.
- Once the fee is received, the tuition exchange coordinator notifies each of the participating schools where your student is applying, certifying the student's eligibility to participate in that school's tuition exchange program.
- Your student will apply to the participating institution(s). We also recommend you or your student contact the tuition exchange coordinator at their desired school(s) to inquire about special admissions dates — it’s not uncommon to require early applications, and it is your responsibility to follow those admission guidelines.
- The tuition exchange coordinator at each institution where your child applied will inform you whether or not they will receive a tuition exchange scholarship. Most schools make tuition exchange decisions after March 1.
- Once awards are given, you will need to notify SLU’s tuition exchange coordinator of the results and which school the student will attend.
Some colleges allow the scholarship to cover other expenses, such as room and board, while others do not. Any expenses incurred by the student but not covered by the scholarship — such as room, board, travel related expenses or books — are the sole responsibility of your student and/or you.