Scholarships, Grants, and Loans for Students

Scholarships for New Students

All admitted undergraduates will be considered for merit scholarships, based on the criteria below. Additionally, students wishing to apply for need-based financial aid should submit the Free Application for Federal Student Aid (FAFSA). Learn more about FAFSA and how it can help you minimize college costs.

We know that planning and paying for college can be confusing, so we want to help you understand Millsaps' simplified scholarship selection system. While every applicant is reviewed individually and our applicant pools are increasingly competitive, the table below allows you to use your highest reported GPA and highest super-scored ACT (or SAT) score to estimate your merit scholarship range. The final award will be determined by additional criteria such as the rigor of a student's academic program and high school curriculum, leadership, extracurricular involvement, letters of recommendation, alumni/legacy relationships, institutional fit and demonstrated interest. High school grades/transcripts submitted at the time of the student’s application will be utilized for holistic admission and scholarship review; subsequent increases in grades or GPA will only be used for students initially deferred or wait listed. Students may submit higher standardized test scores and request a re-review of their scholarship decision; the last testing dates considered for Millsaps’ scholarship review are the February ACT and/or SAT.

For new, entering, domestic freshmen applicants only. Students interested in consideration for need-based financial aid must submit the Free Application for Federal Student Aid (FAFSA). The matrix scholarship ranges represent the total merit award including, for example, any Scouting and Legacy Scholarships. A limited number of full-tuition scholarships may be awarded each year. Scholarships are renewable for all four years (provided that certain criteria are met) but will be reduced if students choose off-campus residence at any time during their undergraduate study.

Scholarship matrix applicable to new freshmen students entering fall 2017:

Millsaps College Scholarship Matrix

Here are a few examples, where all 3 students have the same GPA and ACT score but receive different scholarship awards:

  • A student with a 3.80 GPA and a 29 ACT score with average coursework and little extracurricular involvement could receive $25,000 per year in merit scholarship and may be eligible for additional need-based awards, if they complete the FAFSA.
  • A student with a 3.80 GPA and a 29 ACT score with challenging coursework and leadership in extracurricular activities could receive $26,000 per year in merit scholarship and may be eligible for additional need-based awards, if they complete the FAFSA.
  • A student with a 3.80 GPA and a 29 ACT score with challenging coursework and demonstrated strong leadership in extracurricular activities, strong recommendations, and a parent who attended Millsaps could receive $27,000 per year in merit scholarship, including a Legacy scholarship, and may be eligible for additional need-based awards, if they complete the FAFSA.

Some scholarships may be awarded to students with specific talents, backgrounds, or interests.

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Millsaps Legacy Scholarship

Millsaps values its legacy students who carry on a family tradition of attending the College. Any student who accurately indicates on his or her application for admission that their brother, sister, parent, or grandparent, is an alumnus of the College will be awarded a $2,000 scholarship. The aim of this program is to increase applications, and as such, legacy information submitted after a student's admission decision will not be considered. See the Millsaps Legacy frequently asked questions below.

Millsaps Legacy Scholarship FAQ

What is the Legacy Scholarship?

The Legacy Scholarship is awarded to all Millsaps legacy students who provide information about their legacy connection at the time of their application for admission.

Who qualifies for the Legacy Scholarship?
Students whose mother, father, sister, or brother are Millsaps alumni.

Can my child or sibling still receive a Legacy Scholarship if I attended but did not graduate from Millsaps?
If you attended Millsaps for two or more years, you qualify as an alumnus of the College and your child or sibling is eligible for a Legacy Scholarship.

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Music, Performing Arts, and Visual Arts Scholarships

A limited number of competitive scholarships are awarded to students interested in Art, Art History, Creative Writing, Music, and Theatre. These scholarships will be awarded based on an audition, portfolio review or an interview. Interested students should apply for admission by the Early Action Deadline of December 1 and visit the Arts Scholars Audition page to obtain specific requirements for and to schedule their audition, portfolio review or interview.

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United Methodist Scholarships

Children of United Methodist Pastors
Millsaps College will award $2,000 per year, renewable for four years, to incoming freshmen or transfer students whose parent provides confirmation of appointment as a United Methodist Church pastor.

Dollars for Scholars 
The United Methodist Higher Education Foundation (UMHEF) will provide a $1,000 matching scholarship to the first eligible 325 applicants on a first-come, first-served basis. The sponsoring church must remit a check payable to UMHEF for $1,000 with the completed application form. Candidates must be enrolled or enrolling as a full-time student in the fall semester, in a UMC-related college, university, or seminary and be an active member of the UMC for at least one year. Upon verification of enrollment, UMHEF will transfer $2,000 to the institution. Only one application per church will be accepted. Only one application per student will be accepted. All information must be completed in order to be considered.

Other Methodist scholarships are offered by Church affiliated organizations. Applications are available at http://www.umhef.org and http://www.gbhem.org.

Millsaps United Methodist Scholarships
Submit Millsaps' Application for United Methodist Scholarships by March 1 deadline. Several competitive scholarships with varied amounts are available. Get more information from the Office of Financial Aid - call us at 601.974.1220, call toll-free at 1.800.352.1050, or contact us by email at financialaid@millsaps.edu.

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Scouting Scholarships

Eagle Scouts and Girl Scouts who have earned Gold Award status admitted to Millsaps College will receive a minimum total scholarship package of $15,000 per year, renewable all four years, in recognition of their leadership, academic and extracurricular achievements. A student’s academic merit scholarship may replace the Scouting scholarship if the student earns more than the minimum $15,000.

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Prospective Students from Attala, Carroll, Choctaw, Montgomery, or Webster Counties in Mississippi

E. H. Sumners Grant -Ranging from $20,000 up to full tuition; renewable*
Submit admission application by postmark deadline February 1. See more information below.

*Note: All renewable scholarships are contingent on meeting specific eligibility criteria provided with the award. The awards are renewable for three years, to a maximum total of four years of full-time enrollment at Millsaps College.

If an admitted student is eligible to be considered for multiple awards, the student will receive the award with the highest monetary value.

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E. H. Sumners Grant

E. H. Sumners Endowed Scholarship Fund Terms and Conditions

Sumners Grant Application

Applications for the Millsaps E. H. Sumners Endowed Scholarship Fund are available for any high school senior, a limited number of transfer students, and returning undergraduate students who are residents of Attala, Carroll, Choctaw, Montgomery, or Webster Counties in Mississippi.

E. H. Sumners Endowed Scholarship Fund recipients must reside in one of the designated counties. Residency status for dependent students will be based on their parents residing in one of the five counties for at least 12 continuous months prior to the award period; residency status for independent students will be based on the student residing in one of the five counties for at least 12 continuous months prior to the award period. Dependency status requirements for an E. H. Sumners Endowed Scholarship Fund award are the same as the requirements for federal aid. The E. H. Sumners Foundation verifies residency in the appropriate county for all applicants. Verification for the first time is often a lengthy process.

The E. H. Sumners Endowed Scholarships are awarded from Millsaps' endowed funds to full-time undergraduate academically qualified students who legally reside in one of the five counties of Mississippi. The specific amounts for awards will be determined by an annual review of available funds. E. H. Sumners Endowed Scholarships will not be awarded with other non-need based institutional funds.

Receipt of the E. H. Sumners Endowed Scholarship Fund is contingent upon meeting satisfactory academic progress requirements, as defined by federal regulation, and remaining in good standing with the college (grade point average must remain higher than a 2.0).

No person may receive the E. H. Sumners Endowed Scholarship for more than 8 semesters. Students must remain continuously enrolled at Millsaps (excluding summer terms).

The award amount is based on campus residency. Should the student decide to live off campus, the award will be reduced by 35%.

The E. H. Sumners Endowed Scholarship Fund Application must be completed annually, as well as maintaining continued legal residency in one of the five counties in Mississippi.

The E. H. Sumners Endowed Scholarship funds will not be used for summer school. Those students receiving the E. H. Sumners Endowed Scholarship may qualify for Mississippi Resident Tuition Grant (MTAG) and the Mississippi Eminent Scholars Grant (MESG) as well as need-based financial assistance as indicated by submitting the Free Application for Federal Student Aid (FAFSA).

The priority deadline for incoming students is February 1, and for returning undergraduate students, the priority deadline is March 1.  By completing the Online E. H. Sumners Endowed Scholarship Fund Application, you the parent(s) and student certify that you are a bona fide, legal resident, physically residing in one of the following Mississippi counties: Attala, Carroll, Choctaw, Montgomery, or Webster.

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Millsaps Scholarships for Incoming Transfer Students

We value our transfer students so much that we offer guaranteed admission and scholarships to qualified transfer students who apply to Millsaps.

All admitted transfer students are guaranteed a $6,000 housing grant toward on-campus residence halls, and may receive merit scholarships ranging from $5,000-$15,000.

Transfer students with a 2.8 - 3.2 GPA and 30 transferable credit hours will receive guaranteed admission and a minimum TRANSFERmation scholarship award of $10,000.

Transfer students with a 3.21 – 4.0 GPA and 30 transferable credit hours will receive guaranteed admission and a minimum TRANSFERmation scholarship award of $15,000.

Domestic or international students who are members of Phi Theta Kappa (the community college and junior college honor society) also will receive a $2,000 scholarship in addition to their merit award.

*Note: If an admitted transfer student is eligible to be considered for multiple awards from the following list, the student will receive only the award with the highest monetary value: Second Century Scholarship, E.H. Sumners Grant, Tuition Exchange benefit, Staff/Faculty tuition benefit. Renewal of all scholarships is contingent upon meeting specific eligibility criteria provided with the award.

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International Student Merit Scholarships

International students will be automatically considered for merit-based scholarships.  Below is the Millsaps’ international simplified scholarship selection system to help you estimate your scholarship. The student’s high school and/or college work is converted by Millsaps to a U.S. GPA on a 4.0 scale. The final award will be determined by additional criteria such as the rigor of a student's academic program and high school and/or college curriculum, leadership, extracurricular involvement, letters of recommendation, alumni/legacy relationships, institutional fit and demonstrated interest. No separate application is required for merit-based scholarships. Students may be eligible for artistic, musical or theatre talent. Need based aid is not available for international students through Millsaps College.

Tier 1- $30,000 and up 
International applicants with an equivalent 3.9 GPA or above will automatically be considered upon submission of a complete undergraduate application for admission.

Tier 2 - $23,000 - 28,000
International applicants with an equivalent 3.5-3.89 GPA will automatically be considered upon submission of a complete undergraduate application for admission.

Tier 3 - $16,000 - 23,000
International applicants with an equivalent 3.0-3.49 GPA will automatically be considered upon submission of a complete undergraduate application for admission.

Note: All renewable scholarships are contingent on meeting specific eligibility criteria provided with the award. Merit scholarships do not increase annually. The average increase in cost of attendance is estimated between 4 - 5% annually.

Review estimated cost of study on the International Student Verification of Financial Support.

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Need-Based Financial Aid

To apply for need-based financial aid, students must begin the process by completing the Free Application for Federal Student Aid (FAFSA). We recommend completing this form as soon as possible after October 1, and before our priority financial aid filing date of March 1. Need-based aid recipients must reapply and requalify each year.

There are several types of need-based assistance for which you may demonstrate eligibility:

Federal Pell Grant
The Pell Grant is a federal program available to families with low income. Pell Grants are valued from $574 - 5,645 per year. The maximum amount a student can receive is subject to federal appropriations.

Federal Supplemental Educational Opportunity Grant (SEOG)
This federal grant is available to students taking at least two courses, with exceptional financial need, and is valued from $200 - 4,000 per year. Awards are determined by the Office of Financial Aid.

Federal Perkins Loan
A maximum of $20,000 is available for this undergraduate federal program. Repayment and accrual of interest begin at the rate of 5% nine months after the student completes study or drops below half-time status.

Federal Direct Subsidized Loan
$3,500 available for the first year of study, and a total of $23,000 available for the undergraduate program. Repayment begins six months after the student completes study or drops below half-time status.

Federal Direct Unsubsidized Loan
Valued at the same amount as a Subsidized Loan, this program expands borrowing privileges to students who do not meet the income criteria for those loans. Terms and conditions are also the same as Subsidized Loans except that the borrower must pay the accrued interest each year.

Millsaps Need-Based Grants
Amounts vary, and may range from $500 - 10,000 per year. Awards are determined by the Office of Financial Aid, and eligibility must be reestablished each year

State Aid for Mississippi Residents
Applications and eligibility requirements for these and other state grants are available from the Mississippi Office of Student Financial Aid at http://ww.mississippi.edu.

Mississippi Tuition Assistance Grant: $500 - $1,000

Mississippi Eminent Scholars Grant: $2,500

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Federal Direct Loans

Federal Direct Subsidized and Unsubsidized Stafford Loans are long-term, low-interest loans from the U.S. Department of Education.

To receive a Federal Loan, you must file the annual FAFSA.

The Subsidized Direct Loan is need-based. The federal government pays the interest on the loan during: (1) your enrollment in school on at least a half time basis, (2) a deferment, which is a temporary, authorized time when your payments may be postponed.

The Unsubsidized Direct Loan is non-need-based. "Unsubsidized" means the federal government does not pay the interest on your behalf. You are responsible for paying all interest on the loan. Interest is charged beginning the day the loan is paid to you until the day the loan is repaid in full. You either may choose to pay the accumulated interest while you are in school, or to have the unpaid, interest capitalized, i.e., added to the principal balance of the loan. Note: If your loan interest is capitalized, it will increase the amount you have to repay.

Only borrow what you need. Make a budget for yourself to keep your debt within manageable limits.

Your award package may include a combination of Subsidized and Unsubsidized loans.

Annual Loan Limits

The amount in Direct Loan funds that you are eligible to borrow each academic year is limited by (1) your grade level (2) whether you are a dependent or an independent student, (3) your financial need, and (4) your cost of attendance. You cannot borrow more than your financial need or the cost of attendance (your budget).

Dependent Student Base Amount
(Subsidized or Unsubsidized)
Additional Unsubsidized Loan Total Annual Combined Maximum Amount of Subsidized & Unsubsidized Loans
Freshman $3,500 $2,000 $5,500
Sophomore $4,500 $2,000 $6,500
Junior/Senior $5,500 $2,000 $7,500
Prep Coursework for entry into an Undergraduate Program $2,625 0 $2,625
Teacher Certification Coursework or Prep Coursework for entry into a Graduate/Professional Program $5,500 0 $5,500

 

Independent Student (and Dependent Students Whose Parents are Denied a PLUS Loan) Base Amount
(Subsidized or Unsubsidized)
Additional Unsubsidized Loan Total Annual Combined Maximum Amount of Subsidized & Unsubsidized Loans
Freshman $3,500 $6,000 $9,500
Sophomore $4,500 $6,000 $10,500
Junior/Senior $5,500 $7,000 $12,500
Prep Coursework for entry into an Undergraduate Program $2,625 $6,000 $8,625
Teacher Certification Coursework or Prep Coursework for entry into a Graduate/Professional Program $5,500 $7,000 $12,500

 

  Total Annual Maximum Amount of Unsubsidized Loans
Graduate Student $20,500

 

Lifetime Aggregate Loan Limits

Undergraduate Dependent Students can borrow a maximum total of $31,000 (of which no more than $23,000 can be subsidized loans).

Undergraduate Independent Students can borrow a maximum total of $57,500 (of which no more than $23,000 can be subsidized loans).

Graduate/Professional Students can borrow a maximum total of $138,500 (of which no more than $65,500 can be subsidized loans). Allopathic Medicine and other graduate students in certain health professions may borrow a maximum of $224,000 (of which no more than $65,500 can be subsidized). These graduate loan limits include all loans borrowed as an undergraduate. 

Interest Rates

Interest rates for loans first disbursed between July 1, 2016 and June 30, 2017 are as follows:

  Undergraduate Students Graduate Students
Direct Subsidized Loans 3.76% N/A
Direct Unsubsidized Loans 3.76% 5.31%

 

Federal Origination Fees

For Federal Direct Subsidized and Unsubsidized Loans disbursed on/after October 1, 2016, there will be a federal origination fee of 1.069%. 

Loan Entrance Counseling

Entrance loan counseling is required for first-time Federal Loan borrowers. Counseling can be completed online and will help you understand your rights and obligations as a student loan borrower. Loan counseling must be completed before you can receive loan funds.

Subsidized and Unsubsidized (Stafford) Loan Entrance Counseling

Loan Promissory Note

As a Federal Direct Loan borrower, you must sign a Master Promissory Note (MPN) before your loan can be disbursed. The Federal Direct Loan MPN is valid for 10 years. You have to sign a Loan MPN only once while you are enrolled at Millsaps College.

All students who wish to borrow Federal Subsidized and Unsubsidized Loans will be required to complete a Federal Direct Loan Master Promissory Note. Complete a Direct Loan Master Promissory Note.

You will need the FSA ID you used to file your FASFA. If you do not have your FSA ID, see http://fsaid.ed.gov for more information. 

Student Loan Repayment

More information about federal student loans and repayment options is located at https://studentaid.ed.gov/sa/.

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Federal Direct Parent Loans

The Federal Direct PLUS loan is an optional federal loan program for parent(s) who wish to access additional resources beyond what a student is eligible to receive. This credit-based parent loan option may cover up to the total Cost of Attendance (COA) as defined by Millsaps College, minus student aid. The interest rate for Direct PLUS loans first disbursed between July 1, 2016, and June 30, 2017, is 6.31%. Since the Federal Direct PLUS Loan is a federal loan, be aware there are more benefits in a Federal PLUS Loan versus student benefits if they borrow through an alternative (private) loan.

For PLUS loans disbursed after 10/1/2016 there is a federal origination fee of 4.276% of the principal amount charged for each Direct PLUS loan that you borrow.

A credit check is required to access this loan program.

An in-school deferment will delay payments on the PLUS loan until six months after the dependent student on whose behalf the parent borrowed ceases to be enrolled at least half-time. Repayment on the PLUS loan begins 60 days after the loan is fully disbursed for an academic year. To request an in-school deferment, AFTER the initial PLUS loan disbursement, please contact Direct Loan Borrower Services at 1-800-848-0979. Deferment needs to be requested on an ANNUAL basis, and may be requested 14 days after the loan has been disbursed to the student's account. Interest will continue to accrue on this loan during the deferment period. Therefore, we recommend that you make your interest payments during this deferment period if at all possible.

Apply for a Direct PLUS loan in two easy steps:

Step 1: Complete the Free Application for Federal Student Aid (FAFSA), if not already completed.

Step 2: Complete the Federal PLUS Loan process at www.studentloans.gov.

Note: If parents are determined ineligible to borrow through the Federal Direct PLUS program, Millsaps will automatically award additional Unsubsidized Federal Direct Loan eligibility. First- and second-year students are eligible for up to an additional $4,000 per year, while third- through fifth-year students are eligible for up to an additional $5,000 per year. If a student does not wish to accept all or part of their Unsubsidized Direct Loan, he or she should contact the Office of Financial Aid.

You may access your prior loan information on the National Student Loan Data System (NSLDS) website at: www.nslds.ed.gov. This site contains all of your federal Title IV aid history.

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Student Alternative Loans

Millsaps College recognizes that even with grants, scholarships, and federal loans you may need additional funding to meet your college expenses. To fill the gap between financial aid and the cost of attendance, Millsaps students may investigate alternative loan funding. 

Loan Availability

Undergraduate and graduate students must be enrolled in an eligible program. Loan approval is subject to credit criteria set by the lender. Your credit report will be obtained from a national credit bureau. If approved, you may borrow on a yearly basis, an amount up to the student's cost of attendance, less any financial aid he/she is receiving.

Items to Review

Millsaps encourages you to review each loan thoroughly. Listed below are a few items that should be considered:

  • Interest Rate Options
  • Loan Fees 
  • Repayment Options
  • Repayment Benefits
  • Cosigner Release Options

Loan Disbursement

After the loan has been approved and the lender receives the promissory note and required signatures from the borrower and cosigner, the lender will request certification from Millsaps College. Once Millsaps certifies your loan, it will be scheduled for disbursement.

If your loan funds are not ready for disbursement by the time of registration, your alternative loan will not be counted toward your costs and new payment arrangements must be made.

How to Apply

You must apply for a private student loan directly with the lender, either by phone or on the lender's website. Please note that each lender may have a different process for loan application. You will need to make sure you follow your lender's application process and provide all required documentation to the lender. Your lender will notify Millsaps once your application has been completed, approved, and signed.

Listed below is a comprehensive, neutral list of lenders our students have used over the past few years for their alternative loan funding.

Discover Student Loans

Sallie Mae

Suntrust Bank

Wells Fargo

Millsaps College derives no benefit from, nor participates in any revenue sharing agreements with the lenders listed. The College provides the above alphabetized list as a service to our students and Millsaps students are free to choose a lender not represented above. If you choose a lender not listed below, please inform us so that we may insure that our electronic processes are set up for that lender. You may reach us toll-free at 1.800.352.1050, call us at 601.974.1220, or contact us by email at financialaid@millsaps.edu.

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Student Loan Code of Conduct

In compliance with the Student Loan Code of Conduct requirements in the Higher Education Opportunity Act of 2008, the Millsaps College Office of Financial Aid prohibits all of the following:

  • Revenue sharing agreements with lenders
  • Conflicts of interest
  • Accepting gifts above a nominal value from lenders and guarantors
  • Accepting private loans conditioned on the use of lender's Title IV loans
  • Contracting arrangements with a lender that provides compensation to school staff
  • Assigning a lender to a borrower or refusing to certify a loan for a borrower's choice of lender or guarantor
  • Accepting from lenders any staffing assistance for call center or financial aid office
  • Accepting compensation for service on an advisory board, except that reasonable expenses associated with that service may be reimbursed by the lender or guarantor

For the following purposes, it is not considered a "gift" to the school for a lender or guarantor to provide:

  • Standard materials, activities or programs on issues related to a loan, default aversion, default prevention or financial literacy (i.e. brochures, workshops, training)
  • Food, refreshments, training or informational material that is designed to improve the service of a lender, guarantor or servicer if the training contributes to the professional development of the school staff
  • Favorable terms, conditions and borrower benefits, as long as these are provided to all students at the school
  • Entrance and exit counseling services, as long as the school controls the counseling and does not promote the products and services of the lender
  • Philanthropic contributions not tied to loan volume

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Financial Aid Applications

Please do not hesitate to contact our office if we can be of any assistance to you in the financial aid application process. You may reach us at 601.974.1220 (toll-free 1.800.352.1050), or contact us by email: financialaid@millsaps.edu.

Required for Financial Aid

Submit the Free Application for Federal Student Aid (FAFSA) at http://www.fafsa.gov/

The student and parent should each request an FSA ID at https://fsaid.ed.gov for an electronic signature on the FAFSA.

Submit the 2015-2016 FAFSA to apply for aid for academic terms from fall 2015 through summer 2016.

Submit the 2016-2017 FAFSA to apply for aid for academic terms from fall 2016 through summer 2017.

The priority deadline for financial aid is March 1. Most of the information required on the FAFSA will come from the prior year’s tax return. The FAFSA should be submitted after January 1 when all pertinent tax information has been gathered. If you are unable to complete tax returns by March 1, you should make estimates on the FAFSA in order to meet the priority deadline.

Required for Specific Scholarships, Grants, and Loans

Methodist Scholarships and Loans
Methodist students may apply for scholarships by submitting the Millsaps Application for United Methodist Scholarships by March 1. They may also apply for outside scholarships and loans by submitting applications to the United Methodist General Board of Higher Education and Ministry and United Methodist Higher Education Foundation. Students must re-apply by deadlines each year.

E. H. Sumners Grant
Students who are permanent legal residents of Attala, Carroll, Choctaw, Montgomery, or Webster counties should complete the Sumners Grant Application online at http://www.sumnersgrant.com each year. Terms, conditions, and deadlines are posted on the Sumners website.

Mississippi Scholarships and Grants
Students who are residents of Mississippi should complete the Mississippi Office of Financial Aid Application online at http://riseupms.com after January 1 each year.

Verification Documentation
Students who submit the FAFSA are subject to selection for verification by the U.S. Department of Education. Those selected will be required to submit additional documentation, including:

Copies of IRS Transcripts and signed Verification Forms should be mailed, only if requested by the Office of Financial Aid, to:

Millsaps College
Office of Financial Aid
Box 151150
Jackson, MS 39210-0001

KEEP COPIES OF ALL APPLICATIONS FOR YOUR RECORDS

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Financial Aid Links

Parents and students exploring financial aid options may find the following links useful.

Free Application for Federal Student Aid Application (FAFSA) Online - http://www.fafsa.gov/

Federal Student Aid electronic signature (FSA ID) from the U.S. Department of Education - https://fsaid.ed.gov/

Selective Service System online registration - http://www.sss.gov/

United Methodist Church General Board of Higher Education and Ministry (GBHEM) scholarship and loan resources for Methodist students -http://www.gbhem.org/

United Methodist Church Higher Education Foundation (UMHEF) scholarship resources for Methodist students - http://www.umhef.org/

E.H. Sumners Grant for residents of Attala, Carroll, Choctaw, Montgomery and Webster counties in Mississippi - http://www.sumnersgrant.com/

Under governance of the Board of Trustees of State Institutions of Higher Learning, the Mississippi Office of Student Financial Aid administers state-funded financial aid programs, including grants, scholarships and loans, for residents of Mississippi. - http://riseupms.com/

U. S. Department of Education’s Federal Student Aid resource for students preparing for, attending, and graduating from college - http://studentaid.ed.gov

U. S. Department of Education’s Federal Student Aid resource for Undergraduate, Graduate, and Parent PLUS loans - http://www.studentloans.gov/

Student guide to financial aid including calculators, free scholarship searches, scholarship scam alerts, and government and loan information links - http://www.sss.gov/

The largest scholarship search on the Internet - http://www.fastweb.com/

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Satisfactory Academic Progress Policy

Effective July 1, 2011

In order to receive and maintain federal financial assistance, students are required to progress satisfactorily toward completion of their course of study. Federal financial assistance includes grants, loans and employment. The satisfactory academic progress of students will be monitored at the end of each spring semester.

Satisfactory Academic Progress is measured in three ways:

  • Students must progress qualitatively by earning the required number of grade points.
  • Students must progress quantitatively by completing the required minimum number of credits each year (PACE).
  • Students must complete their program of study within a reasonable time period.

1. Qualitative Measure

The Office of Financial Aid strictly adheres to the academic standards established by Millsaps College and printed in the College Catalog. Students who have attempted up to a total of 28 hours must earn a 1.5 cumulative grade point average. Students who have attempted more than 28 hours and less than 60 hours must earn a 1.8 cumulative grade point average. Students who have attempted 60 or more hours must earn and maintain a 2.00 cumulative grade point average. Total hours attempted will include credit taken at Millsaps College and any credit transferred from another institution. Grade point averages are based solely upon credits earned while enrolled at Millsaps College.

Minimum acceptable academic standards are represented in the following table:

Total Hours Attempted
(Including Transfer Credit)
Minimum Cumulative GPA
(Millsaps Only)
0-28 1.5
29-59 1.8
60 and above 2.0
Transfer Students
Students transferring into Millsaps College shall be assumed to be maintaining satisfactory academic progress. Hours transferred from previously attended schools will be considered when establishing total hours attempted for GPA requirements, as well as determining the maximum number of hours allowed for financial aid eligibility.

2. Quantitative Measure (PACE)

Students receiving financial aid must also satisfactorily complete 66% of financial aid hours (hours in which a student is enrolled the last day to add a class) at the end of each spring term.

Passing grades include A, A-, B+, B, B-,C+, C, C-, D+, and D. Grades of I, CR, W, NR, NC, IP and AU will not be accepted as passing grades.

Withdrawals
Courses with a grade of W will affect the quantitative measure of academic progress in determining eligibility and maintaining financial aid.

Audit Courses
Courses taken for audit do not count for credit or graduation and, therefore, are not counted in determining eligibility for receiving or maintaining financial aid.

Credit/No Credit Grades
Courses taken for credit/no credit grades are not counted in determining eligibility for receiving or maintaining financial aid.

Repeat Courses
Repeat courses are counted for credit and will affect cumulative grade point averages in determining eligibility and maintaining financial aid as well as determining the maximum number of hours allowed for financial aid eligibility.

3. Maximum Hours to Complete Course of Study

Students must complete degree requirement within a normal time frame. To remain eligible to receive financial aid, students must complete their degree requirements within 150% of the published length of their academic program. In most cases students will be eligible to receive financial aid during the first 192 attempted hours as an undergraduate, whether or not they received financial aid or whether or not the course work was successfully completed. This includes both College and transfer hours. A student will be placed on financial aid suspension if his/her course work is in excess of 192 attempted hours or if at any time it becomes clear that the student will not meet the quantitative standards by graduation date.

Second-Degree Undergraduate Students

Students who have already earned a baccalaureate and are currently seeking a second undergraduate degree will be reviewed for financial aid eligibility on an individual basis.

Graduate Students

Graduate students will be eligible for financial aid until they have completed six years of study at the graduate level.

Financial Aid Suspension

Students who fail to meet the minimum Satisfactory Academic Progress Requirements will be placed on financial aid suspension. Students on financial aid suspension are NOT eligible to receive federal financial aid. The mere passage of time will not restore eligibility to a student who has lost eligibility for failure to make satisfactory academic progress. The student may appeal the Financial Aid Suspension if unusual circumstances beyond their control prevented them from meeting satisfactory academic progress (see appeal process).

Appeal Process

A student may appeal the loss of financial aid eligibility if extenuating circumstances interfered with the ability to meet satisfactory academic progress standards. In order to appeal the loss of financial aid eligibility, the student must submit a detailed appeal letter explaining the extenuating circumstances that resulted in the lack of academic progress and documentation to support extenuating circumstances. To complete the appeal process, the student may be required to submit an academic plan provided by the student's department.

Circumstances must meet one of the following criteria:

  • Prolonged illness, medical condition, or injury to student or immediate family member 
  • Death of an immediate family member 
  • Extenuating circumstances beyond the student's control

Appeal must include the following information:

  • A detailed appeal letter
  • Circumstances and how the circumstances affected academic performance
  • Dates and time periods involved 
  • Explanation of how your situation has changed and the steps you are taking to resolve the circumstances

Documentation may include:

  • Physician's letters and hospital records (must include dates of illness and recovery time) 
  • Death certificate or obituary 
  • Court or police documents 
  • Letters from third party professionals on his/her letterhead

Students that have exceeded the maximum time frame must include additional information:

  • Explanation of why you were unable to complete your program within the time frame allowed for your degree 
  • Number of hours needed to complete current degree and intended graduation date 
  • Copy of your academic degree plan listing all remaining classes needed to graduate

ATTENTION:  No appeal will be accepted without supporting documentation. The appeal may not be based upon the need for financial aid assistance or the lack of knowledge that the financial aid assistance was in jeopardy.

Appeals may be mailed to:
The Financial Aid Appeals Committee
Millsaps College
Box 151150
Jackson, MS  39210
or
Fax to 601-974-1224

Appeal Decisions

  • Requires approximately 3 weeks
  • Notification will be mailed to the student's financial aid address currently on file 
  • If approved, financial aid will be awarded on a probationary period for one semester

Regaining Financial Aid Eligibility

Financial aid eligibility can be re-established after the student improves their academic record to meet the minimum standards required by the SAP Policy, without the assistance of financial aid funds. Similarly, financial aid eligibility can be re-established by successfully appealing your suspension.
 
Approved Appeals and Satisfactory Academic Progress Probation

For approved appeals, the student will be placed on Satisfactory Academic Progress Probation. (Financial Aid SAP Probation is for financial aid purposes only and is separate from academic standing probation.)  While on Satisfactory Academic Progress Probation, certain conditions for academic performance will be set and monitored.

Students placed on 'Probation' regain eligibility for financial aid if:

  • The student meets ALL of the Standards of Satisfactory Academic Progress by the end of one subsequent period of enrollment; or
  • The student is placed on an academic plan leading to graduation that, if followed, ensures that the student is able to meet ALL of the Standards of Satisfactory Academic Progress by a specific point in time.

Students who meet all of the Standards of Satisfactory Academic Progress while on 'Probation' will be placed in 'Meets SAP' at the conclusion of the period of enrollment or academic plan period. Progress in an academic plan is measured at the end of each period of enrollment. Students who do not meet all of the Standards of Satisfactory Academic Progress or academic plan requirements while on 'Probation' will be placed on 'Suspension.'

This policy is subject to change without notice in order to remain compliant with federal regulations.

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Student's Rights & Responsiblities

Student Rights

You have the right:

  • to apply for financial aid
  • to know how to apply for financial aid
  • to know the deadlines for applying
  • to know what financial aid programs are available at Millsaps
  • to know how financial aid will be distributed, how distribution decisions are made, and the basis for such decisions
  • to know how your financial need was determined
  • to know what resources were considered in calculation of your need
  • to know how much of your financial need, as determined by Millsaps, has been met
  • to request an explanation of the various programs in your student aid package
  • to know Millsaps' refund policy
  • to know what portion of the financial aid you received must be repaid, what the interest rate is, the total amount that must be repaid, the payback procedures, the length of time you have to repay the loan, and when repayment is to begin
  • to request a sample repayment schedule
  • to know whom to consult concerning your financial assistance

Student Responsibilities

It is your responsibility:

  • to complete all application forms accurately and truthfully and submit them on time to the proper location
  • to reapply each year that you want financial assistance
  • to return all additional documentation, verification, corrections, and/or new information requested by the Office of Financial Aid
  • to read and understand all forms that you are asked to sign
  • to inform the Office of Financial Aid of any outside resources
  • to notify the Office of Financial Aid of any change in your financial resources
  • to accept the responsibility for all agreements that you sign
  • to perform the work that is agreed upon in accepting a Work-Study award
  • to inform the Office of Financial Aid if you withdraw from Millsaps, drop any courses, or change your name or address
  • to sign the Statement of Educational Purpose and the Certification Statement on Over-payments and Defaults
  • if you have a loan, to inform the Office of Financial Aid of any name or address change and to answer any inquiry from them concerning your loan, now and after you leave school
  • if you have a Federal Perkins loan, to go to the Business Office during your last semester of attendance at Millsaps and arrange an exit interview concerning the terms of your repayment
  • if you have a Federal Stafford loan, to take part in the required entrance and exit interviews offered by Millsaps

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