Below are a few scenarios to illustrate how the Tuition Advantage works. This is only for those students who are selected as recipients of the Tuition Advantage scholarship.
We start with determining the difference between Hendrix College tuition and fees and your state flagship institution’s tuition and fees. From this difference, we will subtract any Hendrix College merit scholarships and grants that you have been awarded. Any remaining difference will be made up with the Tuition Advantage scholarship. Every student’s aid award will look different, but in the end, you will pay no more in tuition and fees than your state flagship institution’s published rate. From this amount, any outside scholarships, state aid, and federal aid will be deducted to arrive at the final amount due for tuition and fees. Remember, outside aid amounts below are just examples. Your situation may vary.
SCENARIO: Arkansas Resident
Published Tuition and Fees:
Hendrix College $33,350 vs University of Arkansas $9,384
| Hendrix Aid |
|
| Academic Scholarship |
$21,000 |
| Hendrix FAFSA Early Filer's Grant |
$1,000 |
| Tuition Advantage |
$1,966 |
| Total Hendrix Aid: |
$23,966 |
Hendrix tuition and fees – Hendrix aid = $9,384 (same as UA)
| Minus Outside Aid |
|
| Arkansas Academic Challenge |
$1,000 |
| Outside Scholarship |
$2,000 |
| Pell Grant |
$1,000 |
| Tuition balance after all aid: |
$5,384 |
SCENARIO: Texas Resident
PUBLISHED TUITION AND FEES:
Hendrix College $ 33,350 vs University of Texas Austin $11,116
| Hendrix Aid |
|
| Academic Scholarship |
$21,000 |
| Hendrix FAFSA Early Filer's Grant |
$1,000 |
| Tuition Advantage |
$234 |
| Total Hendrix Aid: |
$22,234 |
Hendrix tuition and fees – Hendrix aid = $11,116 (same as UT)
| Minus Outside Aid |
|
| Outside Scholarship |
$2,000 |
| Pell Grant |
$1,000 |
| Tuition Balance after all aid: |
$8,116 |