Student Financial Services
Vermont Merit Scholarship
Terms and Conditions
The University of Vermont’s Vermont Merit Scholarship is an academic merit scholarship awarded to Vermont residents who have shown academic potential and who have advanced to finalist status in the National Merit Scholarship Program competition, advanced to semi-finalist status in the National Achivement Scholarship Program competition, or have been recognized by College Board as National Hispanic Scholars. To receive this scholarship based on finalist status in the National Merit Scholarship Program competition, students must also declare UVM as their college of choice with the National Merit Corporation. Described below are the rights and responsibilities associated with this scholarship.
In order to retain your scholarship, you must remain a full-time student (defined as enrolling in a minimum of twelve credits per semester), and maintain a minimum cumulative grade point averate of 3.0, evaluated on a semester basis. Students who fail to maintain the minimum GPA will be afforded a one-semester probationary period, after which the scholarship will be withdrawn if a 3.0 cumulative GPA has not been achieved. Once withdrawn, this scholarship will not be reinstated in the future. This scholarship is a revocable award from the University.
Length of Scholarship
You may receive this scholarship for a maximum of eight semesters or until you graduate, whichever comes first.
Scholarship eligibility will be re-evaluated based on changes to your residency classification. Changes in residency classification may result in a loss or reduction of scholarship assistance.
Gift Aid Tolerance
Your scholarship award may be reduced or cancelled if total gift aid (including grants, scholarships, employer tuition benefits, and VA educational benefits) exceeds the total cost of attendance as defined by the University.
Scholarship Award Value
Vermont Merit Scholarship recipients are entitled to a full-tuition scholarship less the value of the University of Vermont Merit Scholarship offered by the National Merit Scholarship Corporation (when applicable). The 2012-2013 in-state tuition rate is $13,344 . The 2013-2014 tuition rate will be available in May 2013. If you receive tuition remission, your Vermont Merit Scholarship will be set at a minimum amount of:
- $1,500 per year if you were admitted to the University prior to the Fall 2010 semester.
- $3,000 per year if you were admitted to the University for the Fall 2010 or Fall 2011 semester.
- $4,500 per year if you were admitted to the University for the Fall 2012 or Spring 2013 semester.
- $5,000 per year if you were admitted to the University for the Fall 2013 semester or later.
Relationship to Need-Based Financial Aid
As a merit scholarship, this award is not based on need or financial aid eligibility. If you apply/have applied for need-based financial aid at the University, you will receive more information on your total financial aid package directly from Student Financial Services. Your scholarship will be calculated into your overall aid package.
Your scholarship may not be used to attend summer session classes.
Leaves of Absence & Withdrawing
You may take an approved Leave of Absence from the University for up to two consecutive semesters and retain your scholarship. Your scholarship will be terminated if you choose to withdraw, become inactive, enroll less than full-time, or if you are suspended or dismissed from the University.
How to Accept Your Scholarship
To accept your scholarship, visit www.uvm.edu/admissions/appstatus and pay your admissions acceptance fee to enroll at UVM by the date indicated on your letter of admission.
Last modified November 05 2012 12:02 PM