TAX CREDITS
Hope Tax Credit
Parents of students classified as freshman or sophomores could be eligible for a $1,500 tax credit based on the cost paid for qualifying expenses for the student to attend the University. The credit applies to payment made after January 1, 1998. The student must be enrolled at least half-time at an accredited institution.
Life-Time Learning Credit
Effective July 1, 1998, an individual enrolled at an institution of higher learning classified as a junior or senior could qualify for a tax credit of up to 20% of the cost paid for qualifying expenses up to a maximum of $1,000.
All academic scholarship candidates must be enrolled full-time (minimum of 12 semester credit hours) or be admitted to the University and have met University criteria for the award of institutional aid.
Each continuing academic scholarship recipient must maintain full-time status during each semester and successfully complete a minimum total of 30 non-repeated semester credit hours (unless otherwise stated) during each academic year.
NOTE: It is recommended that persons interested discuss these tax credits with their tax preparers.
INSTITUTIONAL SCHOLARSHIP POLICIES
The University offers a variety of academic and nonacademic Scholarships/Grants-In-Aid for incoming Freshmen (graduating high school seniors), returning, and transfer students. Details of these scholarships are provided below. Interested graduating high school seniors and transfer students should contact the University's Admissions Office and returning students should contact the Office of Student Financial Aid (SFA) for appropriate application materials.
Institutional scholarships are monitored by SFA and the University’s Scholarship Committee. The Committee is charged with conducting an ongoing review of scholarship policies, fees, and monitoring the award of all institutional scholarships for compliance with university regulations. Graduating high school seniors will be notified by the Admissions Office. Notifying returning scholarship candidates of their status will be initiated no later than ten (10) working days after the end of the academic year (spring semester) by the Financial Aid Office.
Academic Scholarship Policy
Changes in guidelines and procedures for scholarships shall be recommended by academic units, schools, and/or colleges and submitted to the Scholarship Committee for review and submission to the President for approval. Kentucky State University commits to maintaining scholarship programs of financial assistance. All academic scholarship awards shall be processed by SFA for compliance with the following University policies:
All scholarship and grant-in-aid recipients must have a completed Free Application for Federal Student Aid (FAFSA) on file.
Each continuing academic scholarship recipient must maintain at least full-time status (12 credit hours minimum) and maintain the specified cumulative grade-point average (GPA) based on the individual scholarship program.
Each academic scholarship candidate must have at the time of award no less than a 2.5 cumulative GPA on a 4.0 scale and a minimum 21 ACT composite score, unless otherwise stated. Individual scholarship programs may require higher academic GPAs and/or test scores.
Scholarship awards may be reduced or terminated if the recipient fails to meet the requirements outlined for renewal of the specific scholarship. Not meeting the hour requirement will automatically disqualify the student from receiving a renewal. Not all values of scholarships can be reduced based on the cumulative GPA. Students should refer to specific scholarships to confirm. It is the student’s responsibility to monitor his/her own academic progress and to comply with the stated criteria for renewal.
Award recipients will not be eligible for scholarship awards for the semester(s) during which they participate in University-coordinated co-op training if they are being paid by an outside source for the training. The Office of Student Financial Aid must be notified in writing by the student of his/her intent to participate in co-op training as early as possible and no later than two weeks before the start of the semester in which the co-op training will occur.
Renewable scholarships will only be awarded for a maximum of 4 years (8 semesters). Students are not eligible to appeal scholarships after completing the maximum number of years.
hours minimum) and maintain the specified cumulative grade-point average (GPA) based on the individual scholarship program.
Examples:
Fall—15 hrs. and Spring—15 hrs.;
Fall—12 hrs. and Spring—18 hrs.
Academic years are Fall and Spring semesters only.
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