Please consult the Office of Financial Aid to verify that credit hours earned during the summer at another institution will be accepted. Therefore, you can use the summer to bring up a GPA or earn credit hours. The academic year is considered fall, spring and summer. Students who fail to earn a cumulative 3.0 LIFE GPA at the end of the academic year or the requisite number of hours required, may regain eligibility the next academic year if their cumulative LIFE GPA is a 3.0 at the end of the academic year and they have earned a minimum of 30 credit hours if a rising sophomore, 60 credit hours if a rising junior, or 90 credit hours if a rising senior. For the LIFE Scholarship Enhancement, the student must continue to be enrolled full-time as a math or science major at a four-year SC institution and be a recipient of the LIFE Scholarship at the time of LIFE Scholarship Enhancement disbursement. Also, remember that the academic year is considered fall, spring and summer. In addition, any credit hours attempted or earned before high school graduation, hours exempted by examination, or advanced placement credit accepted by the institution as academic credit, will be reflected in the total number of cumulative hours earned. To earn the LIFE Scholarship (beginning sophomore year at Furman), students must earn a cumulative 3.0 LIFE grade point average (GPA) and an average of 30 credit hours each academic year. Regardless of the semester itself, we would advise the student to submit an appeal to the Commission on Higher Education for a review of the student’s eligibility for the next academic year.If a student takes a medical withdrawal during the Fall term, they should still be able to enroll and use their HOPE Scholarship as as a full-time student in the Spring. There are instances where a student must leave school for documented medical reasons, including psychological reasons.In the event a student withdraws or drops below full-time status after the institution’s refund period and therefore must pay tuition and fees for full-time enrollment, the award may be retained by the student pursuant to the refund policies of the institution.Collection is the responsibility of the institution. In the event a student who has been awarded the HOPE Scholarship withdraws, is suspended from the institution, or drops below full-time status during any regular term of the academic year, institutions must reimburse the Program for the amount of the HOPE Scholarship for the term in question pursuant to refund policies of the institution.
When there are excess funds designated for a specific project, those funds will be allocated to a similar project that continues to further the Vision of Mission of Hope. The Board of Mission of Hope has implemented the policy that all donations for a specific project will be used specifically for that project, with a maximum of 15% being used for administrative and fundraising expenses.
Mission Trip payments are NOT tax deductible as a charitable donation, because we offer refunds to team members that are not able to make the trip.
#FINANCIAL HOPE FULL#
FINANCIAL STATEMENTĪll charitable donations are tax deductible, in full or part. We are thankful for every person who entrusts their resources to Mission of Hope to steward best to advance God's Kingdom in Haiti and he Dominican Republic. All of our programs are carefully and consistently monitored to ensure maximum impact for the people we serve. This idea of good stewardship means that over 90% of all gifts that come into Mission of Hope go directly to ministry in the countries where we serve, to bring about that life transformation for every man, woman, and child. The Vision of MOH is clear: "As an organization following Jesus Christ, Mission of Hope exists to bring life transformation to every man, woman, and child." As we seek to fulfill our Vision in every endeavor we undertake, we have as one of our Core Resolutions "Excellent Implementation," meaning that all resources and talents will be used responsibly to their fullest potential for God's glory, maximizing and distributing them to where they are most needed.
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