Federal Department of Education
The Federal government is the largest resource for need-based scholarship and grant programs. A comprehensive list of these grant programs including eligibility requirements is located on StudentAid.gov.
Federal Pell Grant – designed to be awarded to the neediest of students applying for college across the United States.
Federal Supplemental Education Opportunity Grant (FSEOG) - a companion to the Federal Pell Grant and awarded to students on a first come, first served basis according to exceptional financial need.
Iraq and Afghanistan Service Grant - for student’s whose parent or guardian died as a result of military service in Iraq or Afghanistan after September 11, 2001.
Federal TEACH Grant - One of the few Federal grants that is not dependent on financial need. To determine if you are eligible for the grant, take Southwestern’s Teach Entrance Counseling. To receive the grant, you must be admitted to the Southwestern College teacher education program and plan to teach in a qualified school.
State of Kansas
State scholarships are available to Kansas residents who complete the FAFSA the state priority application receipt deadline of APRIL 1. For a comprehensive list of state programs including a full explanation of eligibility requirements, visit the Kansas Board of Regents website. (Students from states other than Kansas should contact their state legislator and/or state regents association. A few states have scholarships that can be used at colleges outside the state.)
Kansas Ethnic Minority Scholarship - designed to assist financially needy, academically competitive students who are identified as members of certain ethnic/racial groups.
Kansas Teacher Service Scholarship - a merit-based, service obligation scholarship program providing assistance to students who wish to teach or currently teach in state designated hard-to-fill disciplines or underserved geographic areas.
Professional Studies Students - Two scholarships for new undergraduate learners are available.
Southwestern College maintains an index of scholarships that local, regional and national organizations advertise directly to our students. This site is organized alphabetically and by deadline and also contains links to other reputable scholarship search websites.
The United Methodist Church
Southwestern College is affiliated with The United Methodist Church. The Wesleyan tradition encourages critical thinking about faith. Consequently, Methodists have always supported higher education by providing places for students to learn and by providing them with scholarships to support their learning.
Two areas of the United Methodist organization offer scholarships – typically to students who have been active members of a United Methodist church for at least one year. The General Board of Higher Education & Ministry manages scholarships for both graduates and undergraduates and the United Methodist Higher Education Foundation supports additional scholarship programs, including the popular United Methodist Dollars for Scholars program.
Financial Awareness Counseling Department of Education Counseling full of interactive tools that are linked to the National Student Loan Database System so you can incorporate your actual student loan debt into your financial planning.
NSLP Financial Literacy Online Website operated by the National Student Loan Program. Contains online courses on budgeting, contracts, credit, identity theft and more.
360 Degrees of Financial Literacy Website operated by The American Institute of Certified Public Accountants. Contains a special section just for issues related to college students.
MyMoney.Gov U.S. Government website dedicated to teaching Americans the basics of financial education. It contains many links to helpful websites, calculators and worksheets.
Great Ways to Save on Education
The United States government has taken steps to make paying for school easier. Be sure to consult your tax advisor to determine whether you may take advantage of any of these incentives.
American Opportunity Credit
Claim up to a $2,500 credit on college and other post-secondary expenses, even if you don’t owe any taxes. Learn more on the IRS YouTube page.
HOPE Tax Credit
Qualifying taxpayers can claim a tax credit of up to $1,500 for each qualifying family member who is attending an eligible school. You can claim 100% of the first $1,000 of your “out-of-pocket” educational expenses for each student, plus 50% of the next $1,000. The student must be enrolled at least half time and in the first or second year of a degree of certificate granting program.
Lifetime Learning Tax Credit
Qualifying taxpayers can claim a maximum credit of up to $2,000 (20% of the first $10,000). This credit is calculated per family, not per student. You can claim this credit at any time during a student’s education at an eligible school. The student needs to be enrolled in at least one course.
Coverdell Education Savings Account
This program allows you to save money for future educational expenses. A Coverdell Account can be established for anyone under 18 years of age. Contributions are not tax deductible, but the funds grow untaxed.
These state-sponsored investment programs permit taxpayers to make contributions on behalf of a beneficiary. The account earnings are untaxed until withdrawn for the beneficiary’s qualified college education expenses. Listed below are links to more information about the 529 plans for just a few of our neighboring states. For a comprehensive list of plans as well as more information about Saving for College, check out Savingforcollege.com.