AKRON GUARANTEE SCHOLARSHIP
Terms and conditions
1. Guarantee: We want our students to graduate within four years with as little debt as possible. Accordingly, we are offering our Akron Guarantee Scholarship to qualified students. These are valid for eight (8) semesters so long as the recipient is:
- Making progress toward a degree by maintaining a minimum cumulative GPA of 2.50 or better at the end of each spring semester.
- Engaged in full-time undergraduate study (12 credits or more) each semester
Please note that you will need to successfully complete an average 30 credits per academic year to receive the automatic scholarship increases described below.
2. Check your major/degree requirements: Please note that although the Akron Guarantee Scholarship requires a 2.50 GPA for retention purposes, major and degree requirements may require a higher grade point average for admission into a degree program and/or graduation.
3. Scholarship maximum (cap): The stacking of multiple scholarships is permitted. In no event, however, may a student’s total scholarships exceed the annual scholarship cap of $11,000 per fall and spring semester. Our scholarships do not carry cash value. This maximum applies to university awarded scholarships including private/named scholarships.
4. Automatic increases: Automatic increases are one unique and distinctive feature of the Akron Guarantee Scholarship. Upon completion of a certain number of credits, a recipient will earn a scholarship increase the following academic year as follows:
- Upon completion of 30 credits, the student will receive an additional $500
- Upon completion of 60 credits, the student will receive an additional $750
- Upon completion of 90 credits, the student will receive an additional $1,000
Students who enter UA with AP or CCP credits will have these credit hours added to their total at the conclusion of their freshmen year.
The increases are subject to the scholarship maximum set forth in the preceding paragraph.
The following grades are not considered successful completion: F, I, IP, AUC, NC, WD, PI. Developmental courses do not count toward the number of credit hours used to determine the automatic upgrades.
5. Timing of automatic increases: The eligibility for scholarship increases will be determined at the conclusion of each spring semester. So, if a student has successfully completed 30 credits by the end of spring semester of her first year, she would receive the base amount of her Akron Guarantee Scholarship PLUS the $500 increase. (For example, if the scholarship recipient’s base Akron Guarantee Scholarship amount is $1,000, then she will receive $1,500 for this scholarship during her second year.) However, if she only successfully completes 29 credits during year one, then she would not qualify for an increase and would have to wait one year to qualify for the upgrade. She would continue to receive the base scholarship amount as long as she met the other eligibility criteria.
6. Scholarship distribution process: All scholarships, including the Akron Guarantee Scholarship, are awarded on an annual basis and applied in two equal installments with one half applied to charges on their university bill during the fall semester and the other half applied to charges on their university bill during the spring semester. The Akron Guarantee Scholarship may be applied to charges on their university bill during the summer if the student is enrolled full-time. Students who choose to attend full-time and receive their scholarship in the summer will include summer in their total eight semesters of eligibility.
7. Finishing studies early: If a student is scheduled to graduate at the completion of the fall semester, the student will receive only one-half of the annual scholarship award in that final semester. If a student enrolls in less than 12 credits during the final semester because full-time credits are not required, the final semester scholarship may be awarded for less-than-full-time enrollment. Also, if you finish your studies in fewer than eight semesters, any unused semesters cannot be accelerated. For students pursuing the 3+3 Bachelor’s/Juris Doctor degree program or the 3+1 Bachelor’s/Master’s degree program, the AGS Scholarship shall end once your complete your Bachelor’s degree program (more specifically at the end of the first year of full-time law school or graduate school enrollment). In sum, the AGS Scholarship would be available during the first 3 years of undergraduate school + 1 year of law school or graduate school enrollment culminating in the completion of the Bachelor’s degree. Please note that 3+3 students are eligible for separate admissions scholarships through the law school.
8. Leave-of-absence or co-op participation: Students taking an approved temporary leave of absence or participating in a University approved co-op program, externship, or student teaching program may postpone the application of their Akron Guarantee Scholarship for up to two semesters with advance approval. Students should notify the Office of Student Financial Aid upon their return.
9. Akron campus/program requirement: Akron Guarantee Scholarships can only be applied to studies at The University of Akron. If the recipient decides to attend another university as a visiting student, or take part in a non-University of Akron operated study abroad program, the recipient will forfeit the scholarship that would otherwise have been received during that semester of study at The University of Akron.
10. Other scholarships: Financial aid from other sources (e.g., University of Akron employee tuition remission, tuition assistance from employers and military programs, etc.) may be used in combination with the Akron Guarantee Scholarship, but only such that the sum of the Akron Guarantee Scholarship and all of these awards do not exceed charges on a fall or spring UA bill that can include tuition, fees, UA housing, and UA meal plan.
11. General: All scholarship awards are based on the availability of funds, and may be adjusted accordingly if funds are not available. To date, The University of Akron has never failed to renew scholarships due to lack of availability of funds.