Corporate scholarship notification?

mazewanderer
Mon, 22 Mar 2010 12:42:06 +0000

GTalum: Not sure what your question is.

Everyone is eligible to be considered for an NMSC scholarship, however there are caveats. The corporate scholarships are announced first and if you (or your child as the case may be) are eligible and receive a corporate scholarship in which case NMSC will probably not award you the NMSC scholarship as they process these scholarships. In your case, as I understand you do not believe that you will be awarded a corporate scholarship.

Now if I understand you right, your question is “If the first choice is a school that awards it’s own National Merit scholarship, does that preclude the student from being considered for the NMSC scholarship of $2500.”

My understanding is “No”. The NMSC makes its decision based on their selection criteria and then inform the school. If the school wants to give its own scholarship, then student has to make a decision as to whether they want the NMSC scholarship or the school NMF scholarship. You also have to remember the school scholarship may have two components: NMF official component and a sweetener. According to NMSC rules a school or corporation is limited in the amount the can give as an NM winner award. So if a school gives $1000 a year plus they waive the tuition, the $1000 a year is the NM award and the tuition waiver is the sweetener. So in that the case the choice is between the $2500 one time or 4 payments of $1000. In both cases you will get the tuition waiver. The advantage of the NMSC award is that it is not school dependent. Let us you received the NMSC award and changed your mind, you can the NMSC to the new school.

Again, this is my understanding and I would suggest call NMSC and phrase the question as I have done it (as I think that is what you are asking) and they should be able to confirm it.

I do not understand the tax deduction question.