GRANTS & SCHOLARSHIPS
BOOST SCHOLARSHIP
The Broadening Options and Opportunities for Students Today (BOOST) Scholarship Program provides scholarship awards for some students who are eligible for the free or reduced–price school meals program (FARMs) to attend a participating nonpublic school.
Priority will be granted to students who qualify for FARMs and receive a BOOST scholarship award during the 2023-2024 school year, as well as their siblings. To learn more about this program, click here.
GB CHARITIES
GBC chooses motivated students to receive tuition support of their elementary and secondary education. All GBC scholarship recipients and their parents enter into a binding contract: One requirement is a strong family support system. Each child is assigned a GBC member, who closely monitors the child’s grades, attendance, effort, and conduct. GBC also encourages the child’s participation in extracurricular activities, such as Scouts, sports, and the arts. https://www.gbcharities.org/current-scholarships/
CHILDREN'S SCHOLARSHIP FUND OF BALTIMORE
CSFB scholarships are awarded by lottery. Qualified Baltimore City families are selected at random and scholarships are awarded based on financial need. The amount of the award is based on household size and income; they usually cover 25%-75% of a school’s tuition, up to $2,500 per student per year. Click here to learn more!
JACK KENT COOK FOUNDATION
The Jack Kent Cooke Foundation Young Scholars Program is a competitive pre-college scholarship that provides educational support for high-achieving students with financial need. From 8th to 12th grade, Cooke Young Scholars receive funding for academic and extracurricular activities, as well as individualized educational advising.
SEA OF HOPE FOUNDATION
To be eligible for The Sea of Hope Foundation's Bereaved Siblings Scholarship, applicants must meet the following simple and specific criteria:
Age: The applicant must be a high school student currently enrolled in their senior year in Maryland or planning to enroll in an accredited post-secondary institution.
Loss of Sibling: The applicant must have experienced the loss of a sibling during infancy, pregnancy or toddlerhood. They must provide documentation or verification of the loss, such as a birth or death certificate.
YOU CAN NOW USE UP TO $10K PER YEAR FOR K-12 TUITION
Additional Information
- You can use up to $10,000 per year per Beneficiary for K–12 tuition.
- If you are a Maryland taxpayer, you may receive an annual deduction of up to $2,500 from your state adjusted gross income per Beneficiary for contributions to the MCIP, regardless of whether the contribution will be put toward qualifed K–12 tuition or other qualified expenses.
- For K–12 distributions, distribution checks are made payable directly to the Account Holder or Beneficiary, and not to the K–12 institution.*
- If you are not a Maryland resident, you should discuss your state’s tax treatment of K–12 distributions with a qualified tax advisor.
- Maryland taxpayers may receive a maximum $2,500 deduction from their State adjusted gross income annually per beneficiary for contributions to the College Investment Plan, regardless of whether the contribution will be put toward qualified K-12 tuition or higher education. If you are the account holder or a contributor, you may deduct up to $2,500 of contributions each year from your Maryland State income per beneficiary - $5,000 for two, $7,500 for three, etc. However, you cannot deduct more than $2,500 per beneficiary per year. Contributions totaling more than $2,500 per beneficiary may be deducted for up to the next 10 years.
Learn More
To find out more about about the Maryland 529 Plans for K-12 education, and how to utilize it for your child's education. Check Out their website for more information.
