Hope Scholarship

Although not a scholarship in the traditional sense, the Hope Scholarship rather is a federal tax credit for college students and families. Students enrolled in six credits or more within the first two years of an undergraduate program are eligible.

Under the Hope Scholarship, students pay their tuition and fees and then claim a tax credit against their tax liability. Students may take a credit of 100 percent of the first $1,000, and 50 percent of the next $1,000, for a maximum of $1,500 in any tax year. Students are eligible for the credit for two years.

The University will mail an IRS Form 1098-T to the student's home address each year in mid-January. Although the University provides the Form 1098-T, information regarding filing must come from the Internal Revenue Service or your financial advisor.

The University does not provide tax advice to your specific situation. However, you may obtain a copy of IRS publication 970, which explains the 1098-T, by clicking here