Effective July 1, 2006 and commencing with the 2006/07 academic year, the Vice President for Administration and Finance/Treasurer or his/her designee is authorized to approve scholarships on behalf of Harvey Mudd College to dependent children of employees in accordance with requirements of the Scholarship Plan for Dependent Children ("Plan") as described below.
- For full time HMC employees there will be a waiting period of three years before entering the Plan.
- For employees working half time (50% FTE) or greater there will be a waiting period equal to the equivalent of three years at full time. For example, an employee working half time is eligible to enter the Plan after six years of service. A break in service will not prevent the previous employment period from being used to help satisfy the waiting period requirement.
- At the time the employee's child enters the Plan, the employee must be working at least half time (50% FTE) and remain at half time or more during the year(s) of participation (except as provided in the section "Permanent Disability, Retirement, or Death" below).
- For purposes of the Plan, the term "dependent child" is defined as:
- a biological or legally adopted child; a stepchild; or a child of the employee's domestic partner; AND
- the child is under age 19 or is a student not yet age 24; AND
- the child is the employee's dependent for federal income tax purposes, and/or the employee contributes at least 50% of the child's financial support and/or the child lives with the employee for at least half of the year or when the child is not away at school.
If the child is not the employee's legal dependent (e.g., the child is the employee's spouse/domestic partner's child that the employee has not legally adopted) the benefit is considered taxable compensation.
Harvey Mudd College reserves the right to request any reasonable information it deems necessary to establish a child's eligibility for a scholarship grant.
Scholarships may be granted only to dependent children pursuing an undergraduate course of study as candidates for a degree at an accredited college-level educational institution which maintains a regular faculty and curriculum and which has a regularly organized body of students in attendance at the place where its educational activities are carried on (including postsecondary institutions which are accredited by regional accrediting agencies under the Council on Postsecondary Accreditation, or its equivalent). No scholarship grants will be made for on-the-job training, correspondence schools, night schools, or similar institutions.
A dependent child must maintain a "C" average, or the equivalent, in his/her course of study, whether in high school or college, during the entire preceding academic year in order to be eligible for a scholarship grant.
Note: Further reference to "academic year" will include the summer session following the academic year in question except that it will be considered a distinct period for the purpose of applications and financial computations.
Maximum Scholarship Awarded
With respect to any one academic year, the maximum scholarship which may be granted to a recipient will be one-half of the tuition and fees (excluding the costs of books, supplies, health insurance, and room and board charges) required of undergraduate students at the institution to be attended by the recipient. However, no scholarship grant may exceed an amount equal to one-half of the then current tuition and mandatory fees applicable to students at Harvey Mudd College. The maximum benefit for a part time employee will be prorated from the above amounts in accordance with the fraction of full time employment in which they are engaged.
Note: The benefit available under the Plan is limited to one-half of tuition and mandatory fees, as described above, per recipient regardless of the number of eligible parents/step-parents or guardians of the student/dependent that are employed by Harvey Mudd College.
No scholarship grant may be for a term of more than one academic year. However, a scholarship grant may be renewed subject to the other conditions set forth herein.
Note: Renewal of a scholarship under the Plan is subject to the total duration of such aid being limited to eight semesters, twelve quarters, or 120 units - whichever the institution accepts as minimum graduation requirements. Grants for summer session will be counted as a part of such duration.
All applications for scholarships must be in writing and contain such information as may be required by the Business Affairs Office. All applications must be accompanied by an official transcript of the record of high school or college work previously undertaken by the dependent.
Scholarship grants will be paid directly to the institution to be attended by the recipient. The Vice President for Administration and Finance/Treasurer or his/her designee will have approval authority on grant awards. All such awards are made subject to the condition that if the recipient withdraws from the institution prior to completing an academic period, any refund of tuition and fees granted by HMC is to be returned to HMC.
Permanent Disability, Retirement or Death
If at the time of an employee's permanent disability, retirement or death the employee satisfied the eligibility requirements hereunder relating to full time or part time employment, his or her dependents shall be eligible to receive scholarship aid in accordance with the terms of this plan for a period not exceeding six years from the date of permanent disability, retirement or death.
For purposes of this Plan, retirement is defined as termination of employment from the College after attaining age 60 and followed by either no paid employment or paid employment on a half time or less basis at an employer (including self-employment) other than Harvey Mudd College. Permanent disability is defined as being permanently unable due to sickness or bodily injury, as certified by a medical provider, to perform any occupation for which the employee is reasonably suited by education, training or experience.