We all need some direction when it comes to looking for money for college. While South Central Scholars aims to serve the greatest number of students with the greatest amount of need, it is important that you take advantage of the many resources out there for scholarships and grants.
Check out Our Blog for important information on upcoming scholarship and internship deadlines. If you know of any scholarships or internships, please email us with the information and we'll post it on our blog for you!
Scholarship Announcements
South Central Scholars receives information throughout the year regarding additional scholarship opportunities provided by other organizations. In our never-ending pursuit to provide the most current and up-to-date resources to our scholars and the populations that we serve, we will post these opportunities in this section as they are made known to us.
Click on the name of the organization/scholarship opportunity for more information about application requirements, qualifications, and deadlines.
LA Raza Law Students Association 1st Annual AB 540 Scholarship (DUE APRIL 2, 2010)
The Harry S. Truman Scholarship Foundation - Graduate School (DUE FEBRUARY 3, 2010)
Save Me A Spot In College - Available to 6th through 12th graders (DUE MARCH 15, 2010)
Financial News
THE AMERICAN OPPORTUNITY CREDIT (a tax benefit for education)
Under the American Recovery and Reinvestment Act (ARRA), more parents and students will qualify over the next two years for a tax credit, the American Opportunity Credit, to pay for college expenses.
The American Opportunity Credit is not available on the 2008 returns taxpayers are filing during 2009. The new credit modifies the existing Hope Credit for tax years 2009 and 2010, making the Hope Credit available to a broader range of taxpayers, including many with higher incomes and those who owe no tax. It also adds required course materials to the list of qualifying expenses and allows the credit to be claimed for four post-secondary education years instead of two. Many of those eligible will qualify for the maximum annual credit of $2,500 per student.
The full credit is available to individuals whose modified adjusted gross income is $80,000 or less, or $160,000 or less for married couples filing a joint return. The credit is phased out for taxpayers with incomes above these levels. These income limits are higher than under the existing Hope and Lifetime Learning Credits.
For more information, see Publication 970, Tax Benefits for Education.
Financial Aid for Studying Abroad
Interested in going overseas to study abroad? Here are some great sites to access scholarship and financial aid for programs dedicated to helping fund students for study abroad programs.
International Education Financial Aid (IEFA)
International Education Finance Corporation (IEFC)