Tuition Exchange, Inc.

Tuition Exchange Scholarships are competitive. In addition to meeting the admissions requirements of the receiving (importing) institution, some participating institutions have additional requirements such as higher academic standards or limit awards to just a few new students each year.

Eligibility

The employee (parent) must be employed at Pace University, full-time, for a minimum of five (5) continuous years immediately prior to September 1st of the initial scholarship year and must also be in active full-time service at that time. In addition, both schools must continue to participate in the program. An employee's children, under age 24, are eligible for this program.

It is possible that a student may be accepted for admission at a participating University, but not offered a tuition exchange scholarship.

More than one child may participate in the Tuition Exchange, Inc. program at the same time.

Duration

Scholarships are generally awarded for four consecutive years (fall and spring semesters only), although participating institutions have the right to offer scholarships for less than four years.

Students must continue to meet the (importing) institution's standards for academic performance and personal conduct and other terms and conditions of the scholarship. The continuation of the scholarship is also dependent upon the employee’s continued full time status at Pace University.

Employees who receive a tuition exchange scholarship must submit a recertification form each fall for the upcoming academic year.

Amount of the Scholarship

Scholarships cover full tuition, or a rate set by Tuition Exchange, but not special fees, course overloads, or room and board charges.

The "Conducting a School Search" page contains information indicating which schools offer more than basic tuition. Some member institutions reduce their scholarships by the amount of federal and state grants awarded to a student, whether or not these are based on financial need.

Procedure

• Each fall an email notification will be sent to all full-time employees for the next academic year (for example, employees should apply in fall 2023 for the 2024-2025 academic year). The email will contain a link to the Tuition Exchange, Inc. application form.
• All application forms must be received at the University Benefits office by the established deadline (usually mid-October).
• Eligible Pace University employees will process their own TEP applications through Tuition Exchange, Inc.’s EZ online application.
• The importing school will send notifications to those who have applied for the scholarship. The importing school will also communicate to the applicant that he/she must apply through and be accepted via the normal Admissions channels and that decisions are typically made in mid/late spring.
• Subsequent additions can also be added by the employee through the EZ online application (as a new application). Please email the University Benefits office (at benefits@pace.edu) for Tuition Exchange, Inc. applications that must be withdrawn from consideration.
• In all cases, the decision to award the tuition exchange scholarship is at the discretion of the importing school. Pace University and the University Benefits Department has no control over who receives the scholarship.
• The importing school is responsible for notifying all students who have applied for the tuition exchange scholarship, whether the scholarship was awarded to a particular applicant or not.

Separating Employees

If an employee or his/her child is currently receiving a tuition exchange scholarship, either through Tuition Exchange, Inc. or through the Council of Independent Colleges (CIC), that scholarship will end as of the employee’s last day of work. The employee is responsible for communicating this information to the Financial Aid office at the importing school and for securing alternate funding to replace the tuition exchange scholarship. In addition, the employee must contact the (Pace) University Benefits office, at (914) 923-2828, to confirm that the importing school’s tuition exchange liaison officer has been notified.

Tuition Exchange Liaison Officer

The Tuition Exchange Liaison Officer for Pace University is Carolyn Ventura Lengers, Associate Director, University Benefits, Human Resources.

Additional Information

Please visit Tuition Exchange, Inc for additional information about the schools participating in the program.