ACI’s Scholarship and Emergency Financial Aid Program funds tuition and helps meet varying financial needs of students facing unanticipated personal or financial hardship. The goal is to enable all undergraduate students – especially those from low-to-moderate income families -- to benefit from the distinct advantages of private higher education, even if they suffer reversals of fortune once they are enrolled at an ACI institution.
ACI’s Scholarship & Emergency Financial Aid Program is donor-driven, allowing funders to target support to students who meet specific criteria or who are pursuing specific career paths. Scholarships may be given in honor or memory of a loved one or colleague; they may be given annually or endowed in perpetuity; and they may be designated as one-year or multi-year awards. ACI Scholarships create a pool of funds allocated among the member colleges and universities each spring, when financial aid officers are designing aid packages for students for the upcoming fall semester. Member institutions administer the scholarship application process and report back to ACI about the recipients. Similarly, all the member colleges and universities receive a share of ACI’s Emergency Financial Aid, a pool of funds provided by the McGraw Foundation and 5th 3rd Bank. Emergency Financial Aid can be awarded by financial aid officers throughout the year, whenever students present compelling needs for help paying tuition and other education expenses.