Scholar Fiscal Information
Multifaith Scholars receive $5000 in scholarship funding in their junior and senior years, for a total of $10,000 over their final two years.1 Scholars can apply their scholarship funds to their tuition bills, use them to support research expenses and activities (paid out as reimbursements after the submission of original receipts), or elect to do some combination of these things (i.e., allocate part of their funds to their tuition bill and use some to pay for research costs).
The fiscal year at Elon runs from June 1 to May 31, so each year’s scholarship funding must be used/allocated in that period. More specifically, funds must either be spent or applied to a scholar’s tuition bill by May 1 of each year. A student can carry a positive balance forward on their tuition bill from the junior to the senior year, but funds must have been allocated to the bill by May 1 for this to happen. The chart below provides guidance about specific dates associated with these actions. Questions can be directed to Dr. Allocco (firstname.lastname@example.org).
Tuition Bills and Deadlines
|Fall Semester||Spring Semester|
|Elon Tuition Bills Posted||First week of July||First week of December|
|Elon Tuition Bills Due||First Friday in August||First Friday in January|
|Deadlines to email Dr. Allocco about allocating funds to your tuition bill (include Datatel/ID number)||By July 15 if you’d like this to appear on your Fall tuition bill || Remaining funds can be allocated any time before May 1||By December 15 if you’d like this to appear on your Spring tuition bill || Remaining funds can be allocated any time before May 1|
|Deadlines for Reimbursements||Rolling— must be received by May 1 to be processed in the current fiscal year||Rolling— must be received by May 1 to be processed in the current fiscal year|
Guidelines associated with reimbursements for research expenses are available here.
Other related documentation for reimbursement submission:
1 This scholarship is contingent on maintaining full-time status, maintaining a 3.0 GPA, making satisfactory progress with their research project, fulfilling expectations of the MFS program for participation and community engagement, and remaining in good standing at the University.