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I am interested in starting a reverse scholarship program in our area. Reverse scholarships allow graduates to receive assistance with student loan debt.
Do any of you manage a program like this? If so, I have a few questions:
Did you get a legal opinion before starting the program?
Are you issuing 1099's?
Were donors receptive to the program?
On the Fund Advisor Portal, we are contemplating changing the label "Available Cash" when the show available cash option is enabled on a fund record. Does anyone have thoughts on this area? Would "Available to Grant" be a better option?
Unlike the tabs in the portal, this is a hard coded field and would need to be the same for all sites.
Please let me know your thoughts!
I am in the process of trying to define financial need for our scholarship program. I would like to target students that will not receive a Pell grant or any institutional aid. This is part of the formula I came up with "EFC greater than or equal to 6495 and less than 20000".
I am trying to target students that may incur a large amount of student loan debt.
Do any of you have thoughts on the EFC part of my formula?
Fremont Area Community Foundation, MI