Chartered in 1954, started with the support of TIAA/CREF and launched with funding from the Ford Foundation for the Advancement of Higher Education, the Tuition Exchange program is the oldest and largest program of its kind in the U.S. - some 600+ members strong. Tuition Exchange is a tuition remission program for children of current full-time faculty, administrators, and staff. Through the program, a dependent child of an eligible employee at one participating institution may be awarded Tuition Exchange at another. See the Tuition Exchange website at www.tuitionexchange.org for complete information and to view list of participating schools.
It is important to realize that Tuition Exchange awards tend to be extremely limited in number, and highly competitive. As a result, there are no guarantees to employees that they will be able to utilize the Tuition Exchange benefit at the institution of their choice.
Eligibility requirements are determined by each institution. Employees should refer to their faculty or staff handbooks to learn if this is a benefit for which they are eligible. Because each institution sets their own rules about how students are selected to receive a Tuition Exchange award, it is the parent's responsibility to research what is required and follow any applicable deadlines/policies. Many schools use academic achievement as a determining factor, and will only consider incoming first-year applicants.
At Creighton University, an employee must meet the 100% tuition remission level for his/her child to be eligible to apply for Tuition Exchange. (Contact Human Resources for complete criteria and information.) In the event more Creighton employees apply for the program than can be accommodated, the length of employment at the University and participation of previous family members in the tuition exchange programs will be the primary factors used to select for the awards.
When awarded, most Tuition Exchange covers tuition only. However, at some schools it does not cover full tuition and at other institutions it may cover additional expenses, such as room or board. At Creighton University, Tuition Exchange is awarded for full tuition only.
Any expenses not covered by Tuition Exchange (i.e., fees, room, board, travel related expenses, or books) are the sole responsibility of the student and/or the student's family. Tuition Exchange may be awarded for eight full-time semesters (fall and spring), or until the bachelor's degree is completed, whichever comes first.
Every participating institution determines the number of outgoing students it can certify as well as how many Tuition Exchange awards it will grant to incoming students each year. As a general rule, these positions are extremely limited in number, hence highly competitive in terms of both space and selectivity. As stated above, there are no guarantees to the children of any given faculty or staff member that they will be able to utilize the Tuition Exchange benefit at the institution of their choice. For more information on the number of Tuition Exchange Scholarships available at a particular institution, contact the institution's Tuition Exchange Liaison.