NIC Exchange Scholarships
Scholarship Program Summary
NIC Exchange is an agreement among the five northwest independent liberal arts colleges (Puget Sound, Lewis and Clark, Reed, Whitman, and Willamette) through which eligible faculty or staff member’s dependents may apply for tuition exchange scholarships after the faculty/staff member meets eligibility requirements defined in the Education Benefits Policy. Dependent children of faculty and staff members hired or rehired after July 1, 2012, are not eligible for this scholarship program.
The NIC Exchange scholarship program will end following the fall 2015 semester. Those with NIC Exchange scholarships at that time will be allowed to continue as if the agreement remained in place.
Exchange Balances as of Fall 2014
Northwest Independent Colleges (NIC) Exchange scholarships are subject to exchange program balances and are not guaranteed. There are limits based on school-to-school cumulative exchange differentials, as well as new student differentials allowed each semester.
- Lewis & Clark College – This is an open option for AY15-16. Based on fall 2014 balances, Puget Sound has a negative 4-semester differential with Lewis & Clark, meaning that Puget Sound has sent more dependents to Lewis & Clark than Puget Sound has received from Lewis & Clark. With this small differential, we do not anticipate being on hold with Lewis & Clark in the foreseeable future.
- Reed College – The University of Puget Sound is currently on hold with Reed College and no new applications are currently being accepted through the NIC Tuition Exchange program. Under the NIC program institutions are unable to send new students to another participating college when the differential between students sent and received is excessive (more than 30 semesters). Our dependent children will not be eligible for NIC tuition exchange scholarships at Reed until the differential drops to 15 semesters, and it’s not possible to predict when that will happen.
- Whitman College - The University of Puget Sound is currently on hold with Whitman College and no new applications are currently being accepted through the NIC Tuition Exchange program. Under the NIC program institutions are unable to send new students to another participating college when the differential between students sent and received is excessive (more than 30 semesters). Our dependent children will not be eligible for NIC tuition exchange scholarships at Whitman until the differential drops to 15 semesters, and it’s not possible to predict when that will happen.
- Willamette University - This is an open option for AY15-16. Based on fall 2014 balances, Puget Sound has a positive 12-semester differential with Willamette, meaning that Puget Sound has sent fewer dependents to Willamette than Puget Sound has received from Willamette. With this positive differential, Puget Sound dependents are currently eligible to apply for a NIC tuition exchange scholarship at Willamette.
NIC Exchange Agreement
This is the version of the agreement last updated in 1989 and will be in place until the exchange program is discontinued. No new scholarships will be granted under this program after fall 2015 semester.
This agreement, between Lewis & Clark College, Portland, Oregon; Reed College, Portland, Oregon; University of Puget Sound, Tacoma, Washington; Whitman College, Walla Walla, Washington; and Willamette University, Salem, Oregon, hereinafter called “The Institutions,”
IS ENTERED INTO to provide a means for dependents of employees of The Institutions to attend others of The Institutions without payment of tuition subject to the following provisions:
- Eligible Participants- Participation is limited to dependent children (as defined in the Internal Revenue Code) of eligible employees (including all full-time employee categories who meet continuous service requirements specified by the institution) of The Institutions who wish to apply for full time undergraduate programs.
- Tuition – The benefit will include only tuition. All other fees and costs must be borne by the eligible participants.
- Time Limit – Any one eligible participant will be limited to a maximum of 8 semesters or 12 quarters or 12 terms on the 4-1-4 system or the coursework equivalent. A break in continuous enrollment will make a student subject to differential limits and to institutional withdrawal from the agreement (a new approval form must be initiated).
- Outside-Funded Financial Aid – Eligible participants may be required by the host institution to apply for and accept any available outside-funded grant or scholarship.
- Acceptance of Participants – Eligible participants will be accepted at any of The Institutions provided they have met the normal admission standards of the institution applied to and that the institution applied to has not reached the differentials defined below.
- Differentials – An institution will accept up to five more participants from any other institution than it sends to that institution in a particular semester. In the event that the cumulative differential between any two institutions reaches thirty (30) student-semesters, the receiving institution need not accept any new students from the sending institution until the cumulative differential reaches fifteen (15) student semesters.
THIS AGREEMENT does not provide for any cash remittance between The Institutions. Any of The Institutions may withdraw from this agreement by giving written notice to the other institutions at least sixty (60) days before the start of the term for which withdrawal will be effective. Any eligible students covered by the agreement at the time of withdrawal of an institution will be allowed to continue as if the agreement remained in force unless there is a break in the student’s attendance.