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APPLICATION FOR ENVIRONMENTAL STUDIES SCHOLARSHIPS This application will be used to choose recipients of the scholarships listed on the third page of this form, and any others that become available
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Scholarships and fellowships are forms of financial aid provided to students to help cover educational expenses. Scholarships are typically awarded based on academic achievement, talent, or other criteria, while fellowships are often based on academic or professional merit and may require specific work or research commitments.
Individuals who receive scholarships or fellowships may be required to report this income on their tax returns. This includes students who receive funds for tuition, fees, or living expenses.
When filing taxes, individuals should report scholarships and fellowships using the appropriate forms, typically on IRS Form 1040. It's important to include the total amount received and indicate whether it was used for qualified education expenses.
The purpose of scholarships and fellowships is to provide financial assistance to students to support their education and promote academic achievement, research, and professional development.
Recipients must report the total amount received, the source of the scholarship or fellowship, and how the funds were used, specifically indicating if they were used for qualified education expenses like tuition and required fees.
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