Scholarship Price Match Program – Christendom College

Admissions & Aid

Scholarship Price Match Program

Last year, on average students who used the Scholarship Price Match Program saved an additional $9500 in scholarships per year.

Christendom College’s Scholarship Price Match Program (SPMP) is designed to assist students who are deeply interested in attending Christendom by removing other colleges’ academic scholarship and aid offers as an obstacle to attendance.

Although Christendom College offers competitive merit-based and need-based financial assistance to its students, sometimes, prospective students receive a financial aid package (including academic scholarships, loans, grants, and institutional aid) from another institution of higher learning which makes it appear that it would be less expensive to attend that college, rather than their first-choice: Christendom College.

Christendom College is committed to ensuring that if you want to attend Christendom College, and you are receiving academic scholarship offers at other colleges, and these offers are causing you to move away from selecting Christendom as your first-choice and settle for your second or third choice college, money will not be a factor in the decision process due to the implementation of the Scholarship Price Match Program. Christendom will work to ensure that your “bottom line” at another college is matched if you wish to attend Christendom. The “bottom line” refers to the amount of money it will cost you to attend another comparable 4-year, Catholic college, that is, the amount of cash that you will have to pay and the amount of loan you will have to take out. Christendom is not looking at how much money a college is giving you, rather, it is looking at the amount of money you are being asked to give at a particular college. This is the amount of money that the Scholarship Price Match Program will look to match.

Christendom College will look at all of your financial offerings from College A and determine how much money it is asking you to pay to attend it (we call this the bottom line amount), and then use Christendom scholarship money and institutional aid money to make up any differences between Christendom’s bottom line and College A’s bottom line.

Details

The SPMP is for those new incoming students for the fall 2018 who meet the following criteria:

  1. Be admitted to Christendom College as a new student for the fall of 2018.
  2. Have received an academic scholarship from a private, 4-year Catholic college or university.
  3. Complete Christendom College’s “Financial Aid Application,” requesting financial assistance (Christendom does not use the FAFSA since it does not receive Federal funding).
  4. Complete the SPMP application.
  5. Submit the financial aid/academic scholarship award letter from a private 4-year Catholic college or university, AS WELL AS the letter showing how much you will have to pay at that same college or university . The SPMP committee may make exceptions and allow applicants to submit information from select public or private non-Catholic schools on a case-by-case basis.

All books, travel, and personal expenses must be paid in full by students/families and the college will not apply the SPMP to work study credit given to student.

Please note: Some restrictions may apply. The College reserves the right to award or deny matches based on availability of funds and needs of the college.

To be considered for the SPMP, download the application below, and send (also include your award letters showing how much it is going to cost you to attend the college you wish us to match) to Tom McFadden, VP for Enrollment, 134 Christendom Drive, Front Royal, VA 22630 or by email at tmcfadden@christendom.edu.

Examples

Christendom College will look at all of your financial offerings from College A and determine how much money it is asking you to pay to attend it (we call this the bottom line amount), and then use Christendom scholarship money and institutional aid money to make up any differences between Christendom’s bottom line and College A’s bottom line.

  • Here’s an example. 
    • College A costs (room/board/fees/tuition) $40,000 a year. College A gives you $12,000 in academic scholarship, $3000 in grant money, leaving you to pay $25,000. Then College A says that you can qualify for a Federal loan of $5750, which you decide to take.  That leaves you with paying $19,250 in cash to College A if you wish to attend. In this case, your bottom line at College A = $5750 in loans + $19,250 in cash = $25,000 Total bottom line.
    • Christendom  costs (tuition/room/board/fees) $35,556 a year. Christendom gives you $8,500 in academic scholarship. This leaves you with $27,056 to pay.  Then you apply for need-based financial aid, and you receive from Christendom $5,750 in loans plus $5,750 in additional Christendom scholarship monies (similar to the grant money from College A). This leaves you with paying $15,556 in cash to Christendom if you wish to attend. In this case, your bottom line at Christendom = $5,750 in loans + $15,556 in cash = $21,306 total bottom line.
    • In this case, since Christendom ends up being less expensive, there would be no need to go through the SPMP process because Christendom would already be less expensive than College A.
  • Here’s another example. 
    • College A costs (room/board/fees/tuition) $40,000 a year. College A gives you $18,000 in academic scholarship, $3000 in grant money, leaving you to pay $19,000. Then College A says that you can qualify for a Federal loan of $5750, which you decide to take.  That leaves you with paying $13,250 in cash to College A if you wish to attend. In this case, your bottom line at College A = $5750 in loans + $13,250 in cash = $19,000 Total bottom line.
    • Christendom  costs (tuition/room/board/fees) $35,556 a year. Christendom gives you $8,500 in academic scholarship. This leaves you with $27,056 to pay.  Then you apply for need-based financial aid, and you receive from Christendom $5,750 in loans plus $5,750 in additional Christendom scholarship monies (similar to the grant money from College A). This leaves you with paying $15,556 in cash to Christendom if you wish to attend. In this case, your bottom line at Christendom = $5,750 in loans + $15,556 in cash = $21,306 total bottom line.
    • In this case, since Christendom ends up being more expensive, through the SPMP process, Christendom would then make your bottom line be $19,000 (combined cash and loans, just like College A) by giving you $2,306 in additional matching scholarship money to match the bottom line of $19,000 from College A (Christendom’s bottom line of $21,306 minus College A’s bottom line of $19,000 = $2,306) .
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