Scholarships are gift aid that do not have to be repaid by students.
- The College offers merit and need based scholarships to new students by performing a holistic evaluation of students’ academic achievement, financial need, community service, and leadership experience. Most scholarships awarded to new students are renewable. Renewal requires a 3.0 cumulative GPA, which is measured by the Registrar's Office after each fall semester.
- The College also offers endowed scholarships to current students. More than 200 donor-funded scholarships, totaling more than $400,000, have been funded by individuals, organizations, and companies to assist STLCOP students for the 2013-14 academic year. In 2013, 175 students were awarded these scholarships. Students apply for endowed scholarships in the fall, answering questions that help the awards committee match students with the scholarships that are best suited to recognize their accomplishments and address individual needs and goals. Criteria include academic achievement, extracurricular activities, and community involvement.
- The average institutional financial aid received by freshmen in 2014 was $8,900.
- Many students receive scholarships from sources other than the College. External scholarships are granted by local, regional, and national foundations, businesses, charitable organizations, civic organizations and churches. High school guidance counselors are often a good reference for identifying external scholarship sources. Students are strongly encouraged to begin searching for other scholarship sources early in their senior years.
- International students are eligible for institutional scholarships based on the same criteria as other students.