top of page
  • Writer's picture Treavor Dodsworth CFP®, CPA, CKA®

#139 - 21st Century Scholars

21st Century Scholars

There are several states that have scholarships or grant programs for students. Last year, I learned about one in Indiana that I wanted to highlight - 21st Century Scholars.

The scholarship is worth up to 100% tuition for four years at an eligible Indiana college or university. Students can apply from the time they enter 7th grade to June 30th of their 8th-grade year. Children in foster care can apply after the 8th grade. There are several requirements to be enrolled in the program. One of the more notable ones is an income requirement. For example, for a household of 4, the maximum annual income is $49,025. There are more lenient requirements if the student is in foster care or in legal guardianship. You can see more information about the requirements here.

There are certain qualifications the students have to meet once enrolled- graduate high school with a certain GPA, no illegal drugs or alcohol etc. but for those students that meet the qualifications, it can obviously be a very beneficial program to be a part of.

21st Century Scholars is one program that Indiana has but I know there are other programs out there. If you have children and are looking for assistance for education costs (college or even starting at pre-school) it is worth taking a look at your state to see if there are any programs that you qualify for.

Update: This article was updated to reflect that children in foster care can apply after the 8th grade and that there are more lenient requirements if the student is in foster care or in legal guardianship.

  • IRA Help details several ways someone may accidentally overcontribute to an IRA. Quick note: they mention that there are no income limits to contribute to a Traditional IRA. There are other qualifications though and there may be income limits to take your contribution to the Traditional IRA as a deduction depending on if you or your spouse are covered by a retirement plan.


Thank you for reading!

Thanks! Message sent.

All written content on this website is for information purposes only. Opinions expressed herein are solely those of Sycomore Financial, unless otherwise specifically cited.  Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. The owner of this website takes great care to thoroughly research the information provided to ensure that it is accurate and current. Nonetheless, the content on this website is not intended to provide tax, legal, accounting, financial, or professional advice, and readers are advised to seek out qualified professionals that provide advice on these issues. All information or ideas provided should be discussed in detail with an advisor, accountant, legal counsel, and/or other pertinent professionals prior to implementation. In addition, the owner cannot guarantee that the information on this website has not been outdated or otherwise rendered incorrect by subsequent new research, legislation, or other changes in law or binding guidance. Neither Sycomore Financial or it's owner shall have any liability or responsibility to any individual or entity with respect to losses or damages caused or alleged to be caused, directly or indirectly, by the information contained on this website. In addition, any advice, articles, or commentary included on this website do not constitute a tax opinion and are not intended or written to be used, nor can they be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer. Any mention of an investment product or solution is not a recommendation to buy or sell. ETFs that are mentioned may not accurately reflect the market segment mentioned. Past performance is not a guarantee of future results. Any mention of rates or return should not be seen as a guarantee those rates or return will be received.

bottom of page