Easily Remove US Currency Field to the Scholarship Contract

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How to Remove US Currency Field to the Scholarship Contract

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Is there a limit to how many scholarships you can get?

There is no limit to the number of scholarships you can apply for, and you actually should apply to many. Scholarship awards can vary greatly, so you might apply for a few scholarships with huge awards, and you might also apply for some that are only worth a few hundred dollars.

Is excess scholarship money taxable?

A portion of your scholarship would also be taxable if its more than your qualifying educational expenses. The money thats left over would be considered income subject to taxation. The school must be on the IRS list of eligible educational institutions. Pell Grants are exempt from taxation.

Do you have to pay back scholarship money if you drop out?

In general, scholarships do not have to be paid back if you drop out of college. However, each scholarship provider has its own rules and regulations. Some private scholarship providers have clauses that state a student must be enrolled full-time or complete their degree in a specific field.

Can a coach take away your scholarship?

Coaches can decide not to renew your scholarship for the next year. This isnt a case of the scholarship being taken away since they are typically only year-long contracts, but it can still come as a surprise to some student-athletes.

What can make you lose your scholarship?

If you spend the scholarship on something other than what the scholarship is for, you could lost it. GPA If the scholarship required a minimum grade point average to qualify or to maintain the scholarship and you fall below, you could lose the scholarship.

What happens if you get more financial aid than you need?

Any money left over is paid to you directly for other education expenses. If you get your loan money, but then you realize that you dont need the money after all, you may cancel all or part of your loan within 120 days of receiving it and no interest or fees will be charged.

Is there such thing as too many scholarships?

Too Many Scholarships Affect Financial Aid Youre required to report any sort of outside scholarships or financial aid to your college, so your institutional aid can be adjusted ingly. Basically, the more outside scholarship money you get, the less money the school itself will give you.

What happens if you get too much scholarship money?

If you earned scholarships and grants that add up to more than your total cost of attendance, your school may send you a refund of the leftover scholarship money. Keep in mind, you may have to pay taxes on that amount.

Can you use scholarship money for whatever you want?

Unfortunately, turning scholarship money into cash is not allowed. Despite being considered free money, scholarship funds are financial aid awarded for an intended purpose. That specific purpose is to pay educational expenses like college tuition, student fees, and other college costs.

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