Student athletes can apply for PCA scholarship
MaxPreps has provided information on scholarships available from the Positive Coaching Alliance.
Eligibility extends to any high school junior (Class of 2016) residing anywhere in the U.S. and playing for a high school team or in club sports.
Students may apply online at positivecoach. org/scholarships. The deadline is May 31.
For more information, email Casey Miller at TICscholarship@positivecoach.org.
Deadline nears to enroll in college savings
Last fall, the Tennessee Treasury Department launched a special initiative to help families of low- to middle-income levels save money in a TNStars College Savings 529 Account.
The Tennessee Investments Preparing Scholars (TIPS) program provides a 4-to-1 contribution match for eligible families on a minimum deposit of just $25, up to a maximum of a $500 match per student each year. To apply, families must have or open a TNStars accountt. Time is running out for the initial qualifying period that ends on June 30, and there is still space available to apply.
To qualify for the TIPS matching grant program, the family’s household Adjusted Gross Income must be less than 250% of the federal poverty level. For 2014 federal adjusted gross income, a family of four making $59,625 or less would qualify.
This means that if the family enrolls in the TIPS program and puts just $25 in the TNStars College Savings 529 Account, the Tennessee Treasury Department will put $100 in an account for the designated child.
If the family saves a total of $125 in the account by the June 30th qualifying period, Treasury will contribute $500. Families may apply for the TIPS program for up to three years, meaning they could receive up to a $1,500 lifetime benefit per child.
The TIPS program was designed to help encourage families of all means to start saving early for higher education expenses.
Research shows that children with a dedicated savings account are seven times more likely to complete a four-year college degree.
The power of compounding interest in a TNStars account means that it is possible to make a large impact toward a child’s post-secondary education when savings start early. College Savings 529 Accounts allow parents to withdraw funds tax-free for qualified higher education expenses, and the accounts also have tax advantages for gifting and estate-tax purposes.
For details or to apply for the TIPS program, visit tnstars.com/tips.
