Tuesday, January 10, 2012

The Importance of Scholarships

A scholarship is an award given to a student for the purpose of furthering their education. A scholarship can be a monetary award, or it can be an award of access to an institution. Scholarships are a vital piece of the financial aid system for three reasons:
  • They provide money which generally does not have to be paid back
  • They provide access to money which students may otherwise be ineligible for
  • When used in accordance with IRS guidelines, scholarship funds are tax-free Read Full Story
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