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Financial Aid Displacement: What Families and Scholarship Providers Should Know By Scholarship America Updated May 2023 Students and their families are often surprised to realize some colleges reduce their financial aid packages when the student earns private scholarship dollars—a practice called financial aid displacement or award displacement. Colleges that practice displacement say it helps free […]
Scholarships: Your Company’s Most Impactful Investment By Matt Konrad For companies of all sizes, leading with purpose—that is, working toward a mission and considering corporate social responsibility (CSR) in decision-making—has never been more important. 78% of Americans “believe companies must do more than just make money; they must positively impact society as well,” and companies […]
Student Resource Guide: Fall 2023 By Matt Konrad Whether you’re in high school, college or just thinking about the next steps in your education, it can be tough to know where to start. Applications, admissions, financial aid and scholarships all have their own deadlines – and they happen while you’re also trying to balance your […]
Forging a Unique Path: Dream Award Scholar Jake Neill By Pam Carlson At age 14, Jake Neill’s life was changed forever. Jake noticed that a girl in his class was isolating herself and seemed lonely. “I just knew something was off – she needed help,” Jake said. He reached out to her and took time […]
Displacement and Scholarship Program Design By Scholarship America Scholarship award season is exciting for everyone involved. Student recipients have to worry a little less about paying for college. Parents can breathe a sigh of relief about the upcoming semester. And scholarship providers know that they’ve made a tangible, financial impact on a student’s future. Unfortunately, […]
Wait, What? Scholarships Are Taxable? By Matt Konrad Updated February 2024 Everyone knows what a scholarship is. It’s free, no-strings-attached money to help a student pay for their higher education. Right? Usually. But not always. In some cases, there are significant strings attached—including a few situations in which scholarship funds may be treated as taxable […]
How Emergency Grants Help College Students Facing Homelessness and Hunger By Matt Konrad Updated February 2024 The doors of higher education have never been open to more people. But it’s increasingly clear that many of those students are struggling to meet their own basic needs even as they work to change their lives with a […]
The Big Questions About Scholarship Taxability By Matt Konrad Updated April 2024 Students who receive financial aid may have an unexpected bill to pay—a tax bill. While most scholarship awards are not taxed, there are a number or circumstances in which they can be, and many students and parents may not know the details. Here […]
The Important Changes to REPAYE The Biden administration and the Division of Coaching are proposing dramatic changes to the current REPAYE (Revised Pay as You Earn) repayments plan for federal undergraduate loans. The model new laws would reduce the borrower’s minimal month-to-month value to 5{c3687315192e961a95c289a1c6756f956dc2763e11029c87b4b2e6550304a9b8} of discretionary earnings down from 10{c3687315192e961a95c289a1c6756f956dc2763e11029c87b4b2e6550304a9b8} for undergraduate federal mortgage […]