You must meet all of the following requirements to apply:
Be a current 9thgrader during the application cycle;
Be home-schooled or attend a public, charter, or private high school in the following 6 counties: Cass, Clay, Jackson and Platte (MO) or Johnson and Wyandotte (KS);
Be a U.S. citizen or resident alien with a verified permanent U.S. address and valid Social Security number or other taxpayer identification;
Have at least a 2.5 cumulative unweighted GPA fall semester of 9th grade;
Be considered low- or modest-income. Your Expected Family Contribution (EFC) calculation on the Federal Student Aid Estimator must be 12,000 or less. The calculation is based on household income, number of members in the family and number of family members that will be in college at the same time. It is the amount of annual financial support a family can be expected to pay toward the student’s college education.
To be considered low- or modest-income for the purposes of the KC Scholars application, your Expected Family Contribution (EFC) calculation on the Federal Student Aid Estimator must be 12,000 or less. The calculation is based on household income, number of members in the family and number of family members that will be in college at the same time. It is the amount of annual financial support a family can be expected to pay toward the student’s college education.
You may ask if $50 in a college savings account matters. Yes, it does!
Research demonstrates that having a college savings account produces positive results no matter what the value of the initial contribution to the account. Positive results include: 1) creating a college-intending mindset in the student and the parent(s) – the student builds assurance that college is possible; 2) parents of children with a college savings account acts in ways that support the child planning for and going to college; and 3) students with college savings accounts are 4X more likely to go to college and 6x more likely to complete. Further, knowledge learned about savings and financial literacy are transferrable to all areas of life, even beyond attending and completing college. And, students in the KC Scholars program have a college adviser throughout high school to help them prepare for college.
Every 529 college savings account must have a designated account owner that is 18 years or older and a U.S Citizen or resident alien with a valid Social Security number or other taxpayer identification number. The account owner can be a parent, grandparent, other relative, or friend. If awarded, the recipient must have identified an account holder before June orientation and the student and the account owner must attend orientation in June.
Match and incentive funds will be paid directly to your college or university (only if you are enrolled at one of the 17 campuses in the KC Scholars Postsecondary Network).
If the awardee is enrolled at a 4-year institution, the combined total of the match and incentive will be paid to the institution at which the awardee is enrolled:
Over the first semester if $3,999 or less was earned
Over two semesters, in equally distributed payments, if $4,000 or more was earned
If the awardee is enrolled at a 2-year institution, the combined total of the match and incentive will be paid to the institution at which the awardee is enrolled, in equally distributed payments, over four semesters (two semesters each academic year of the first and second years of college) and in equal sums over the four terms/semesters.
Yes. To receive the match and incentive paid by KC Scholars, you must plan to attend one of the 17 KC Scholars Postsecondary Network institutions. To see the full list of partner institutions click here.
9TH GRADERS – THIS IS YOUR OPPORTUNITY TO START SAVING FOR COLLEGE NOW
Students with 529 College Savings Accounts are 4 times more likely to complete college.
Get a head start on saving and planning for college while increasing your odds of enrolling in and completing college. And, you get to learn about investing funds as you increase your odds of college completion!
Beginning in 2021, up to 250 9th graders will be selected for the Match and Incentive program. Awarded students will be eligible for a 1:1 match and earn incentives for a total of up to $1,400 to use toward college. It is a one-time award.
Match and incentive participants must enroll in college full-time following high school graduation and remain enrolled full-time at a KC Scholars Postsecondary Network campus while receiving KC Scholars’ funding.
WHAT COLLEGE SAVINGS ACCOUNT AND MATCH AND INCENTIVE RECIPIENTS ARE SAYING.
There are more than 1000 9th, 10th and 11th graders in the KC Scholars’ College Savings Account or Match and Incentive Program.
They are saving into their accounts at significant rates. To date, they have saved $700,000 in their accounts.
Awardees have shared that:
They are having fun learning about saving money for college
They are preparing to apply for the Traditional Scholarship when they get into 11th grade
They are already working with a college adviser and visiting college campuses as 10th and 11th graders
Some are in this program at the same time as their brothers and sisters are in the Traditional Scholarship program and their parents are back in college as KC Scholars’ Adult Learners