Ouachita will award an MK Discount in the amount of $13,000 annually for up to four years. When combined with potential federal, state, and private grant and scholarship funds and the Post-secondary Education Allowance; MKs may receive up to 90-100% of the cost of tuition, fees, room and board.
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The following is a sample financial aid package:
____Ouachita MK Discount $13,000
____Federal, State and Private Aid* $7,990
____Post-secondary Education Allowance $5,000
____Potential Financial Aid Package $25,990
*Based on average federal, state and private aid awarded to Ouachita MKs enrolled Fall 2010, excluding loans.
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Eligibility requirements:
• Available to dependent students of current or former International Mission Board …….missionaries who are eligible for the Post-Secondary Education Allowance from the IMB
• Must meet the requirements for regular admission to the university
• Each student must apply for all federal, state, and other grants available to them
• The MK Discount may not be combined with other institutional aid
• 2.0 cumulative GPA required to maintain the MK Discount
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