Resources for Possible Tax Benefits
Many North Park students and their parents will qualify for education-related tax benefits. While North Park University does not provide personal tax advice, here are some resources from the IRS which may be beneficial:
- Five Ways to Offset Education Costs
- Tax Benefits for Education Information Center
- Tax Benefits for Education – IRS Publication 970
The American Opportunity Tax Credit (AOTC) has been extended through December 2017. At this time, the maximum tax credit is $2,500 per student. To take advantage of this credit, complete tax Form 8863 and include with your 1040 tax filing. There are certain income limits and other stipulations, so please consult the IRS and/or your tax professional if you need assistance.
The Financial Aid Office is often notified of scholarship opportunities outside of North Park University aid. For your convenience, we maintain an ongoing list of those scholarships (below) as well as some helpful resources when searching for scholarships. We do not recommend applying for any scholarships that require a fee.
If you are selected to receive a scholarship, please have the funds, including your full name and ID number, sent to the following address:
North Park University
3225 W. Foster Ave., Box 9
Chicago, IL 60625
Scholarship funds are due to North Park University for the fall semester by October 1 and by March 1 for the spring semester.
Varsity Tutors Monthly Scholarship
Description: Scholarship of $1,000 offered monthly to students who write an essay in response to prompt on website. Essays are due on the 15th of the month.
For more information: Varsity Tutors
Giva Semi-Annual Student Scholarship and Worldwide Community Ambassador Award
Description: Giva will award $1,000 scholarships to undergraduate or graduate students who write an essay in response to a prompt on their website.
There are two award cycles each year, with deadlines of June 1 and December 1.
For more information: Giva