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Scholarships may have a financial need component but rely on other criteria as well. Some private need-based awards are confusingly called scholarships and require the results of a FAFSA (the family's EFC). However, scholarships are often merit-based, while grants tend to be need-based. Some examples of grants commonly applied for in the U.S.:
Florida's Tax Credit Scholarship (FTC) program is the largest of its kind in the U.S., with more students than all but the state's largest school districts. [1] In March 2023, Florida's school choice program expanded by removing the income-eligibility requirements that were part of the previous programs.
Step Up for Students is a 501(c)3 nonprofit in Florida providing low income students, bullied students and students with special needs with scholarships to help pay tuition for private school, assistance to attend an out of district public school, or for tutoring, textbooks or therapies.
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The first scholarship tax credit program was Arizona's Personal Tax Credits for School Tuition Organizations program, which has been in operation since 1997. [1] In 2001, Florida created the second Scholarship Tax Credit program by enacting the Florida Tax Credit Scholarship Program. [2]
As of August 2022, the program funds four scholarship levels, available to students who: Are U.S. citizens or legal residents; [10] Graduate from a Florida high school, OR earn a GED as a Florida resident, OR homeschooled students who are registered with their local district for at least two school years, OR out-of-state students who earn a diploma from a non-Florida high school while living ...
The first need-based scholarship was dispersed in the summer of 2006, and during the 2006-2008 academic years $3.6 million has been given to students at the University of Florida. In 2008, Coach Urban Meyer and Coach Billy Donovan agreed to lead the charge to raise $50 million to help support and fund this scholarship on campus. [2] [3]
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