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Are There Reporting Requirements for Schools Participating in the FSTC Program?

Learn about reporting requirements for schools participating in the Federal Scholarship Tax Credit (FSTC) Program, including student records, eligible expenses, and scholarship payments.

Participating schools may need to provide information to their SGO to verify scholarship expenses and ensure funds are being used appropriately.

What Should My School Be Prepared to Do?

Your school should be prepared to:

  • Maintain accurate student and tuition records to help verify the costs associated with each scholarship recipient.

  • Confirm eligible expenses: Provide information to the SGO as needed to verify tuition, fees, and other qualified school-related expenses.

  • Account for scholarship payments: Ensure payments are applied to the appropriate student's educational costs.

  • Return excess or incorrect payments: If your school receives more than the student's actual costs or receives a payment in error, those funds must be returned to the SGO.

⚠️ Important: If your school receives more than the student's actual costs or receives a payment in error, those funds must be returned to the SGO.

Will My School Need to Provide Additional Documentation?

Throughout the process, your SGO will communicate any additional documentation or information your school may need to provide, so watch for updates from them.

You can also contact your affiliated SGO for more information.

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