Student Application FAQ 2

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What tax information needs to be attached?

Attach tax information for you AND anyone that claims you on their tax return.  If you are not claimed on another’s tax return but are provided support (room and board, living expenses, etc.) from anyone (parents, grandparents, aunts, uncles, friends, guardians, etc.) that person’s tax information must be attached.  These attachments include pages 1 and 2 of the CURRENT year’s federal form 1040 (or page 1 of the federal 1040EZ), AND ALL W-2’s.  Your W-2’s must match the amount of the gross income provided on your tax return. Other answers to frequently asked tax information, is as follows:

1. If your parents are divorced, attach both parents tax information.
2. If you or your parents need to file an extension, attach a copy of the extension, the prior year’s tax return and W-2’s, and the CURRENT year’s W-2’s. If you are self employed, attach a letter explaining if your current year’s income will be more, less or the same as the prior year and an approximate amount.
3. If you or your parents are self employed, you would not have W-2’s to attach to the tax return. Send pages 1 and 2 of the federal form 1040, only.
4. If your parents receive only Social Security or SSI and are not required to file a tax return, enclose a copy of the statement from Social Security showing the monthly amount that is received along with a letter stating that no other income is received and no tax return is required.
5. If you did not make enough income to file a tax return but you DID work, attach a copy of your current year’s W-2’s.
   

If I am not living with my parents and am past the age that I can be claimed on another’s tax return, AND did not work in the prior year, what do I attach? 

Because this award is income based, we must be able to verify your income.  If no one supports you, and you did not work in the prior year, then you need to attach a letter addressing how you were able to live on no income.  If you were living with a friend, then we will require their tax information.

I am a first time applicant and am/was home schooled.  Are there any additional requirements for me?

Yes.  We will require you to obtain a GED and send a copy of the transcript and certificate along with your application.

When will I be notified whether I received a scholarship or not?

Notification is sent in June, annually.

If I receive an award, when are the funds sent to the schools?

Your award notification letter will include two forms that are required to be returned to the Foundation by July 31, annually.  If these forms are received by the due date, your funds will be sent to your school the first week of August, annually.  If you are attending summer school, please make that VERY CLEAR on your application so that your funds are sent earlier.  Please be aware that funds cannot be sent ANY earlier then mid June, annually.

What happens if I do not return these forms by the due date?

You will forfeit your entire award.

What is the process if I change schools mid year?

You must contact the Foundation to obtain a new College of Choice Form and Authorization to Release Student Records form, complete them for the new school and return them to the Foundation.  You must also contact the prior school to have them return your funds to the Foundation.  Upon receipt of both forms and the funds from the prior school, funds will be sent to the new school. 

If, after reading through these FAQ’s, I still have a question, who do I contact? 

Send an e-mail to the Foundation at info@lightfootfoundation.com