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Grants are "gift" aid; they do not have to be repaid. Eligibility for grants is based primarily on financial need, and each grant program has specific eligibility requirements.
Wisconsin Grant Provides assistance to undergraduate, Wisconsin residents enrolled at least half-time at colleges or universities based in Wisconsin. Grant amounts are based on financial need and eligibility cannot exceed ten semesters.. The maximum amount is established annually by HEAB.
In addition to standard terms describing grant amounts and purposes, agreements also include provisions regarding intellectual property rights, reporting requirements, and indemnification, among other subjects. Special provisions are included that deal with international philanthropy.
Wisconsin Grant Provides assistance to undergraduate, Wisconsin residents enrolled at least half-time at colleges or universities based in Wisconsin. Grant amounts are based on financial need and eligibility cannot exceed ten semesters.. The maximum amount is established annually by HEAB.
Grant agreement. ?Grant agreement? means a legal instrument of financial assistance between a Federal agency and a non-Federal entity that, consistent with 31 U.S.C.
Income from these programs is included in federal income pursuant to sec. 61 of the Internal Revenue Code, unless an exception applies. For Wisconsin, this income should be excluded from federal adjusted gross income by making a subtraction modification on Schedule SB, line 46, Other subtractions from income.
Wisconsin Higher Education Grants are provided for students enrolled in undergraduate programs at specific state schools. The maximum amount of each award is $3,000 per school year.
A Federal Pell Grant, unlike a loan, does not have to be repaid.