AFROTC scholarship toward room and board?
- Thread starter blamblin
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danielk5352
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YES! The meaning of only paying for tuition is that the scholarship will only give the equivalent amount of in-state tuition as a lump sum in your sons student account. The money after that step can be used for whatever you like including room and board or better yet, a cash check refund if all fees are already paid for. Hope that helps.
Pima
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I am not sure about that Danielk5362.
I would speak to the bursar because that does not happen at our DS's college. AFROTC scholarship for him goes straight to tuition only, his college merit scholarship goes to the balance, i.e. room and board. Most bills are broken into parts. Tuition, room and thirdly, board. Check to see if they break it down that way.
Than if you also look at the fine print it says UP TO. The school may cut a check or they may implement the words UP TO X amount.
Additionally, check with the college about availability for on campus housing as upper classman. Not every college guarantees housing as jrs and srs. This needs to be placed into your equation later on if they move off campus. Obviously, the school will most likely not pay for you to live in an apt even if they have no housing for you, the AFROTC scholarship will not either.
Both of our kids attend colleges where there is no guarantee of housing after freshman yr. Both attend state colleges. DS is at an OOS state college and for the last 2 yrs he has been forced to live off campus. DD is at IS and only had freshman yr on campus.
As I stated for our DS on both AFROTC and merit, he did not get any reimbursement from them, it was clearly the UP TO point. DD because she has a student loan, did get a reimbursement.
I would speak to the bursar because that does not happen at our DS's college. AFROTC scholarship for him goes straight to tuition only, his college merit scholarship goes to the balance, i.e. room and board. Most bills are broken into parts. Tuition, room and thirdly, board. Check to see if they break it down that way.
Than if you also look at the fine print it says UP TO. The school may cut a check or they may implement the words UP TO X amount.
Additionally, check with the college about availability for on campus housing as upper classman. Not every college guarantees housing as jrs and srs. This needs to be placed into your equation later on if they move off campus. Obviously, the school will most likely not pay for you to live in an apt even if they have no housing for you, the AFROTC scholarship will not either.
Both of our kids attend colleges where there is no guarantee of housing after freshman yr. Both attend state colleges. DS is at an OOS state college and for the last 2 yrs he has been forced to live off campus. DD is at IS and only had freshman yr on campus.
As I stated for our DS on both AFROTC and merit, he did not get any reimbursement from them, it was clearly the UP TO point. DD because she has a student loan, did get a reimbursement.
Ohio2015Parent
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After checking with the schools bursar office, please keep in mind IF they use any scholarship money towards room and board(merit or ROTC/Guard/Reserves/private outside scholarships) that these funds then become taxable income to the student. DS owes federal taxes due to refunds/room/board being paid by a combination of room grants from the university, National Guard,merit and outside tuition scholarships. Haven't completed his Ohio taxes yet, but those may also be due. It is great that he has everything paid for with no loans, but taxes need to be paid. Just a heads up for when 2012 tax season rolls around, we knew he would owe and adjusted accordingly.
Congrats on you DS's scholarships!!
Congrats on you DS's scholarships!!
Pima
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Totally forgot about that Ohio.
Again, another reason to call the bursar because some colleges do give that cut rate for ROTC cadets regarding room and board. Not every college does, so the only way to find out is to ask them personally.
For many that tax issue can be harsher than you realize because you never put that money aside in the 1st place because it can take the child over a % rate especially if they have had a job all this yr, working full time come summer until they leave, add in room and board and it will be a couple of thousand that they earned, but never had taxes with held.
Room and board at our kids college is @15K a yr. Even if only they get hit with a 10% rate, that is 1500 owed. When our DS was a sr in hs. he was a lifeguard he made @ 5K that yr. That would have put him at 20K taxable.
Like you said, still great not to take loans, but the govt will still want their money.
Again, another reason to call the bursar because some colleges do give that cut rate for ROTC cadets regarding room and board. Not every college does, so the only way to find out is to ask them personally.
For many that tax issue can be harsher than you realize because you never put that money aside in the 1st place because it can take the child over a % rate especially if they have had a job all this yr, working full time come summer until they leave, add in room and board and it will be a couple of thousand that they earned, but never had taxes with held.
Room and board at our kids college is @15K a yr. Even if only they get hit with a 10% rate, that is 1500 owed. When our DS was a sr in hs. he was a lifeguard he made @ 5K that yr. That would have put him at 20K taxable.
Like you said, still great not to take loans, but the govt will still want their money.