ScholarshipsScholarships for students in Olivet’s traditional undergraduate programs are awards offered on the basis of academic ability, special talents, or the personal interest of donors. These awards carry no obligation for repayment. All Olivet scholarships require full-time enrollment each semester in which they are received. In addition, a student must remain in good academic standing and make satisfactory academic progress, as described in the Academic Regulations chapter of this catalog, to receive any ONU funding. Students on academic probation or academic suspension are not considered to be in good academic standing. A number of scholarship awards are made available each year by Olivet Nazarene University. The total of all grants and scholarships combined with ONU grants/scholarships can never exceed the Direct Cost (tuition, fees, room and board). If the total of grants/scholarships exceeds the Direct Cost, ONU funding will be reduced to bring the total back to the Direct Cost. A scholarship or grant involving ONU institutional or ONU Foundation funds offered by Olivet to an individual student is not transferable to any other school or educational program or to any other student enrolled at Olivet. This includes awards such as departmental scholarships, athletic scholarships, or any other scholarship or grant program that involves institutional or ONU Foundation funds. Academic Scholarships: The Olivet Scholarship: Based on high school academic performance and determined upon application to the University. The amount of the award varies based on high school academic performance and ACT/SAT scores, and is maintained per year by a minimum cumulative 3.0 GPA. Transfer student awards are based on the previous college academic performance. The Olivet Grant: Based on high school academic performance and determined upon application to the University. The amount of the award varies based on high school academic performance and ACT/SAT scores, and is maintained per year by a minimum cumulative 2.0 GPA. Transfer student awards are based on the previous college academic performance. |