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Financial Aid Office

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It finally feels like summer, the World Cup is underway, the NBA season is finally over, and festival season has finally begun in Milwaukee. There's a lot to be happy about and look forward to! School might seem like light years away at this point, but that too will be back before you know it. Make the most of having a less hectic schedule and apply to one of these scholarships today!

 

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Added Today

High School Freshman through Graduate Students, ALL MAJORS: $1,500 Digital Privacy Scholarship - DUE June 30th, 2014

High School Juniors through Graduate Students, ALL MAJORS: $1,000 Margarian Scholarship

Nursing Students: Touchmark Foundation Scholarship - DUE June 30th, 2014

Students returning to school after time off: $500 Denise Bertucci Memorial Scholarship - DUE June 30th, 2014

$1,000 JustWalkers Mobility Scholarship - DUE June 30th, 2014

All Majors & Grade Levels: $2,500 AEL Essay Contest - DUE June 30th, 2014

 

Best of luck to all who apply!

 

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Wow, can anyone else believe that it's already finals week? I'm sure the seniors can! As the year is coming to a close, summer plans are becoming more real. Maybe you've got an internship, a vacation planned, or just a lot of chilling at Bradford Beach. Whatever your summer plans entail, don't forget about scholarships! I'll be posting all summer long, and we have two great opportunities right now available only for MSOE students.

 

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Added This Week

CLOSED: James Gramling Scholarship, Due on 6-12-14

All Grade Levels interested in Mine Land Reclamation: $2,000 NAAMLP Scholarship - DUE May 30th, 2014

CLOSED: Catina Rose Memorial Scholarship, Due on 5-31-14

CLOSED: National Pathfinder Scholarship, Due on 6-1-14

CLOSED: Bruce Lee Foundation Scholarship, Due on 6-13-14

CLOSED: Brad's Deal Scholarship, Due on 6-15-14

CLOSED: Quikship Scholarship, Due 6-15-14

 

MSOE Only Scholarships

CLOSED: STEM Forward Scholarship, Due on 5-21-14

CLOSED: James Gramling Scholarship, Due on 6-12-14

 

Due This Week

CLOSED: WWIG Scholarship, Due on 5-19-14

CLOSED: STEM Forward Scholarship, Due on 5-21-14

 

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Best of luck to all applying to scholarships and to all on exams!

I'm pretty excited about this edition of Money Monday. Why? Because all of the scholarships are local to some extent. Whether it is regional in the Midwest, to as specific as an MSOE Student from the Milwaukee area, local is always better! When conducting your own scholarship searches, think local first! The less people that are eligible to apply will naturally increase your odds of winning.

 

Another friendly reminder, if you haven't completed your 2014-2015 FAFSA yet and plan to be enrolled next year, PLEASE do so! If you have questions, stop by the Financial Aid Office.

 

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Added Today

CLOSED: WWIG Scholarship, Due on 5-19-14

CLOSED: STEM Forward Scholarship, Due on 5-21-14

CLOSED: Zonta Club of Milwaukee Women in Science Scholarship, Due on 5-28-14

CLOSED: Jane M Klausman Women in Business Scholarship, Due on 5-28-14

CLOSED: Ralph Modjeski Scholarship, Due on 5-30-14

CLOSED: BIASEW Dennis Peterman Scholarship, Due on 5-31-14

 

MSOE Only Scholarships

CLOSED: STEM Forward Scholarship, Due on 5-21-14

 

Due This Week

CLOSED: TruFit Good Citizen Scholarship, Due on 5-6-14

CLOSED: Horatio Alger Honeywell Scholarship, Due on 5-9-14

 

Best of luck to all who apply!

On behalf of the Financial Aid Office, thank you to all those that attended our Student Loan Repayment Strategies presentation on Wednesday, April 30th.  We had over 70 students in attendance, both graduating seniors and underclassmen, who benefited from the information offered and asked some great questions.

 

If you were unable to attend the session or you would like another copy of the power point we are sharing that with you.

 

Please feel free to contact our office with any questions you may have regarding student loan repayment.  Email us at finaid@msoe.edu or call 414-277-7223. 

 

Thank you!!

Heather Cooper

Assistant Director

Current students are busy with finals approaching, incoming students are busy deciding where they are going to attend school, and the weather has been gloomy with no sign of sun for days. My creativity is lacking this morning, so I'll keep it short and just post the scholarships and two reminders:

 

  1. PLEASE do your 2014-2015 FAFSA if you will be enrolled in school next year. If you have questions, contact the Financial Aid Office.
  2. Tomorrow we are hosting a session on Student Loan Repayment. It takes place from 5:00-6:30 PM in the Todd Wehr Auditorium, and dinner will be provided for FREE! Everyone is invited, but it is especially important for any graduating seniors to attend.

 

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Added Today

CLOSED: Horatio Alger Honeywell Scholarship, Due on 5-9-14

CLOSED: EMPOWER Scholarship, Due on 5-15-14

CLOSED: Gustus L. Larson Scholarship, Due 5-16-14

CLOSED: Nuvation Engineering Scholarship, Due on 5-31-14

 

Due This Week
CLOSED: Innovation in Engineering Scholarship, Due on 4-30-14

CLOSED: ASA Scholarship, Due on 4-30-14

CLOSED: WI League for Nursing Scholarships, Due on 4-30-14

CLOSED: Senior Care Innovation Scholarship, Due on 4-30-14

CLOSED: Mattie J.T. Stepanek Caregiving Scholarship, Due 5-1-14

CLOSED: IAPMO Scholarship Essay Contest, Due on 5-1-14

CLOSED: MassMutual Scholars Program, Due 5-2-14

 

Best of luck to all who apply!

Tax day has passed, Earth Day is tomorrow, and the weather finally feels like spring (unlike last week Monday when it was SNOWING). Life seems pretty good! It's tempting to not want to think about school or finances as the days get nicer. I get it; you'd rather be on the beach, playing ultimate, or at a concert. However, it's important to always be keeping up with how you're going to pay for college! You get to take summers off, but scholarships are here year-round so keep on the lookout.

 

And to add another reminder: If you haven't filled out your FAFSA for 2014-15, please do so! If you have questions, contact our office

 

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Added this Week

All students: $2,500 Mattie J.T. Stepanek Caregiving Scholarship - DUE May 1, 2014

High School & College Students: $1,000 IAPMO Scholarship Essay Contest - DUE May 1, 2014
Business Students: $5,000 MassMutual Scholars Program - DUE May 2, 2014
High School Seniors & Current College Students: $5,000 TruFit Good Citizen Scholarship - DUE May 6, 2014
Society of Women Engineers for Freshman: Many opportunities! - DUE May 15, 2014
High School Seniors & College Freshman: $1,000 Conestoga Bank "Future of Banking" Scholarship - DUE May 15, 2014
ALL STUDENTS: Donate blood to save a life & win a scholarship!


Due this Week
High School Seniors: $2,000 FiSCA Scholarships - DUE TODAY


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Best of luck to all who apply!


Maybe I'm still sad about the Wisconsin Basketball loss over the weekend, but that cat has certainly got my tongue. Therefore, this post will be short, sweet, and to the point.

  • If you haven't yet, please file your 2014-2015 FAFSA. If you have any questions about that, contact our office or stop in.
  • If you've been selected for verification, complete that as soon as possible because we can't get you a final award until it is complete.
  • If you like winning free money to apply towards your education, apply for a scholarship or two. The ones below are a good starting place, but don't forget to think local as well!

 

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Added Today

Current & Incoming CVE Students: $3,000 Wire Reinforcement Institute Scholarships - DUE April 15, 2014

Current & Incoming Nursing Students: WI League for Nursing Scholarships; 5 Opportunities! DUE April 30, 2014
Nursing Students: $1,000 Senior Care Innovation Scholarship - DUE April 30, 2014
$2,000 ASA Scholarship - DUE April 30, 2014
$1,000 Innovation in Engineering Scholarship - DUE April 30, 2014


Best of luck to all who apply!

You know it's a busy time of year when Money Monday appears on a Wednesday. I mean, this week featured Opening Day and April Fool's Day back to back so I was pretty busy catching up on Hank #TheBallparkPup and also pranking people all day yesterday.

 

Just kidding. We have all been busy putting together award packages, performing verification, and being trapped in Iowa because of car problems. So maybe that last one was only me, and yes that actually did happen on Monday. But enough about me, let's get to why you're here reading this lovely blog post: Scholarships!

 

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High School Seniors: $1000 NSHSS STEM Scholarships

Sophomores & Older; ALL Majors: Alpha Kappa Alpha Scholarship
Jr, Sr, & Grad Students CVE: $5,000 Dr. Wes Eckenfelder Scholarship
ALL Grade Levels & ALL Majors: $500 CJ Pony Parts Scholarship
High School Seniors & College Freshman: $1,500 Verbal Ink Scholarship
High School Seniors: $2,000 FiSCA Scholarships


Due This Week
Current/Prospective Engineering & MIS Students: $2,500 Great Lakes Scholarship - DUE April 5, 2014


Best of luck to all who apply!

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Happy St. Patrick's Day! Not only is this holiday a big deal in the city of Milwaukee, but MSOE has a special connection because St. Patrick is the patron saint of engineers. Who knew? Well, apparently everybody at MSOE, given the week-long celebration and schedule of events happening on campus. As this will be my first St. Patrick's Day with MSOE, I'm pretty curious to see how fun the week is!

Whether you're wearing green today or not, you can win some green by applying to one of these scholarships. May the luck of the Irish be on your side!

And please remember, file your FAFSA as soon as you can. If you have any questions, feel free to contact our office!

 

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(Wouldn't that be nice if professors felt the same way? )

 

Added Today
Biomedical Students: $5,000 NACME Scholarship. DUE April 1, 2014

ALL MAJORS: Alpha Kappa Alpha Scholarships; 2 opportunities. DUE April 15, 2014

High School Seniors: $1,000 Scholarship for being a child or grandchild of a Veteran. DUE April 15, 2014

Veterans: $3,000 Scholarship; No GPA or Major Requirement. DUE April 15, 2014


MSOE-Only Scholarships
DUE TODAY: EE Students: $4,500 Bruno Independent Living Aids Scholarship

DUE TODAY: EE & ME Students: $11,500 Helwig Carbon Scholarship
DUE TODAY: For High School Seniors coming to MSOE: $5,000 Daniel J. Moceri Scholarship

MSOE Incoming ME Students ONLY: $5,000 Precision Plus Scholarships, DUE April 1, 2014


Scholarships due this Week

DUE TODAY: EE Students: $4,500 Bruno Independent Living Aids Scholarship

DUE TODAY: EE & ME Students: $11,500 Helwig Carbon Scholarship
DUE TODAY: For High School Seniors coming to MSOE: $5,000 Daniel J. Moceri Scholarship

DUE TODAY: All students, all majors, NO GPA: Project Yellow Light Scholarship
DUE TODAY: Nursing Students: $5,000 Marshfield Clinic Scholarships

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Welcome back to the final quarter of the 2013-2014 school year! Campus is busy again and it got up to 55 degrees yesterday. Life is good. Want to know how life could be even better? By winning free money for school and scoring a paid summer internship! Before school gets too hectic, apply to one of these scholarships.

 

And, don't forget, MSOE's priority FAFSA deadline is this Saturday, March 15th. To be sure you can be awarded all of the need-based aid you are eligible for, submit your FAFSA this week - even if you have to use estimated tax information! If you have any FAFSA questions, please contact the Financial Aid Office!

 

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Added Today
All majors: $2,000 CSHEMA Scholarship - DUE March 31, 2014

College & High School Students: $,5000 Cognizant Making the Future scholarship - DUE March 31, 2014

High School & College Engineering Students: $3,500 International Aluminum Extrusion Design Competition - DUE March 31, 2014

Business students: $500 AfterCollege Business Student Scholarship - DUE March 31, 2014

High School Seniors & College Freshman: $2,000 Renewable Herbert Lehman Education Fund Scholarship - DUE March 31, 2014
Current Engineering Students: $2,000 Buildium’s Build U. Scholarship - DUE April 1, 2014


MSOE-Only Scholarships - Paid Summer Internships HERE!
$4,500 Bruno Independent Living Aids Scholarship (EE students) - DUE March 17th, 2014
$11,500 Helwig Carbon Scholarship (EE & ME students) - DUE March 17, 2014
DEADLINE EXTENDED, DUE 3-17-14: For High School Seniors coming to MSOE: $5,000 Daniel J. Moceri Scholarship
MSOE Incoming ME Students ONLY: $5,000 Precision Plus Scholarships, DUE April 1, 2014


Scholarships Due this Week
High School Seniors: USPAACC Scholarships for $2,500 to $5,000- DUE March 14, 2014
Professional Women in Building Scholarship - DUE March 14, 2014
Pulte Group/National Housing  Endowment Build Your Future Scholarship - DUE March 14, 2014
Nursing students/students with health care career interests: $1,500 Honey Lake Hospice Scholarship - DUE March 15, 2014


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Best of luck to all who apply for scholarships, and submit your FAFSA this week!

Happy March! It feels like spring outside and Leonardo DiCaprio finally won an Oscar last night! Approximately 0% of what I just said is true, you caught me. But what is true is how many great scholarship opportunities are available for you right here in this post. How do I know this? Some are open to all majors and don't even have a GPA cut off. No excuses; make something of your break week and apply!

 

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Added Today

Professional Women in Building Scholarship
National Housing Endowment Build your Future Scholarship
Nursing students/students with health care career interests: $1,500 Honey Lake Hospice Scholarship
All students, all majors, NO GPA: Project Yellow Light Scholarship
High School & College Engineering Students: $5,000 Nuts, Bolts & Thingamajigs Scholarship
High School & College Students, ALL MAJORS: Odenza Marketing Group Scholarship
CVE students: $10,000 ASDSO Scholarship


MSOE-Specific Scholarships
Weimer Industries Engineering Scholarship (EE, CE, ME, SE)- DUE TODAY
Weimer Industries Business Development Scholarship (BM, TC)- DUE TODAY
Thomas J. Stobbs '85/TLX Technologies Scholarship (ME)- Due March 6, 2014 (THIS WEEK)
Daniel J. Moceri Scholarship (Current High School Seniors, any engineering)- Due March 7, 2014 (THIS WEEK)
WAICU/ATI-Ladish Scholarship (ME)- Due March 7, 2014 (THIS WEEK)

Bruno Independent Living Aids Scholarship (EE)- Due March 17, 2014
Helwig Carbon Scholarship (ME & EE)- Due March 17, 2014
Precision Plus Scholarship (Current High School Seniors, ME)- Due April 1, 2014


Scholarships Due This Week
MSOE EE, CE, SE, ME Students: Weimer Industries Engineering Scholarship, DUE TODAY
MSOE BM & TC (and EE, CE, ME, SE) Students: Weimer Industries Business Development Scholarship, DUE TODAY
$20,000 NIH Undergraduate Scholarship- DUE TODAY
High School Seniors: BBB Student of Integrity Scholarship- DUE TODAY
All Grades, All Majors: $1,000 Frame My Future Scholarship- DUE March 5, 2014
MSOE ME Students Only: $3000 Thomas J. Stobbs '85/TLX Technologies Scholarship, DUE March 6th, 2014
For High School Seniors coming to MSOE: $5,000 Daniel J. Moceri Scholarship- DUE March 7
MSOE ME Students Only: $4,000 WAICU/ATI-Ladish Scholarship - DUE March 7th

CE, EE, IE, ME students: $3000 AIST Willy Korf Memorial Fund, DUE March 8th, 2014


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Best of luck to all who apply! Enjoy break week!

It's a busy week with finals here. As you will see, there's also a lot of new scholarship opportunities as well as 10 scholarships due this week. Several of those are only for MSOE students and come with PAID SUMMER INTERNSHIPS.

 

Focus on your exams, but if you need a break (or once you're all done- yay!), why not apply to a scholarship?

 

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Added Today

Deadline Extended: Penneco Scholarship - DUE February 28th, 2014

MSOE EE Students: $4,000 Bruno Independent Living Aids Scholarship - DUE March 17th, 2014

MSOE EE & ME Students: $11,500 Helwig Carbon Scholarship - DUE March 17, 2014

Nursing Students: $5,000 Marshfield Clinic Scholarships - DUE March 17, 2014

Current/Prospective Engineering & MIS Students: $2,500 Great Lakes Scholarship - DUE April 5, 2014

 

 

MSOE-Specific Scholarships

Hamilton Family Foundation Scholarship - Due 2-24-14
Saint-Gobain Scholarship - Due 2-24-14
Weimer Industries Business Development Scholarship - Due 2-26-14
Weimer Industries Engineering Scholarship - Due 2-26-14
Thomas J. Stobbs/TLX Technologies Scholarship - Due 3-6-14
WAICU/ATI-Ladish Scholarship - Due 3-7-14
Daniel J. Moceri Scholarship - Due 3-7-14

Bruno Independent Living Aids Scholarship - Due 3-17-14

Helwig Carbon Scholarship - Due 3-17-14

Precision Plus Scholarship - Due 4-1-14



Scholarships due This Week

MSOE EE Students: $2,000 Hamilton Family Foundation Scholarship- DUE TODAY

MSOE students only: Saint-Gobain Endowed Scholarship, DUE February 25, 2014

MSOE Students Only: Weimer Industries Business Development Scholarship, DUE February 26, 2014

MSOE EE, CE, SE, ME Students: Weimer Industries Engineering Scholarship, DUE February 26, 2014

Deadline Extended: Penneco Scholarship - DUE February 28th, 2014

Current or Prospective Business Majors & Engineering Majors: $25,000 Buick Achievers Scholarship - DUE February 28th, 2014

Involved in Community Service/Volunteering? $2,000 Scholarship- DUE February 28th, 2014

Current Nursing Students: $2,000 Scholarship, DUE March 1st, 2014

High School Seniors & College Freshman: Peace Scholarship, DUE March 1st, 2014

Any Engineering Field: $5000 Steinman Scholarship- DUE March 1st, 2014

High School Seniors: $5000 Diversity in Engineering Scholarship - DUE March 1st, 2014


polar bear exams.jpgBest of luck on exams as well as the scholarships you apply for! May the odds be ever in your favor!




Happy Presidents' Day! Or Washington's Birthday, or Abraham Lincoln's Birthday, or just another Monday. If you've been eyeing up a new futon or something, check out all the furniture sales (I don't know why there are big furniture sales today but that's besides the point).

 

As Abraham Lincoln said, "I do not think much of a man who is not wiser today than he was yesterday." You learn things each day, and the next you get to put that knowledge to the test. Today you learned about these scholarship opportunities. What will you do with that knowledge tomorrow?

 

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Added Today

Current or Prospective Business Majors & Engineering Majors: $25,000 Buick Achievers Scholarship - DUE February 28th, 2014

CE, EE, IE, ME students: $3000 AIST Willy Korf Memorial Fund, DUE March 8th, 2014

High School Seniors: USPAACC Scholarships for $2,500 to $5,000- DUE March 14, 2014


MSOE-Only Scholarships

Hamilton Family Foundation Scholarship - Due 2-24-14
Saint-Gobain Scholarship - Due 2-24-14
Weimer Industries Business Development Scholarship - Due 2-26-14
Weimer Industries Engineering Scholarship - Due 2-26-14
Thomas J. Stobbs/TLX Technologies Scholarship - Due 3-6-14
WAICU/ATI-Ladish Scholarship - Due 3-7-14
Daniel J. Moceri Scholarship - Due 3-7-14
Precision Plus Scholarship - Due 4-1-14


Due TODAY

Society of Women Engineers Scholarships

WI High School Seniors: Wisconsin Title I Association Student Scholarship


Best of luck to all who apply!

While we all know that education is a great investment in a person's future, many parents and students may not know of the monetary perks that paying for an education can bring them. Whether you're a brand new tax filer or a seasoned vet, you may not be certain about the different tax incentives that the federal government provides that can help defray the cost of higher education.

These incentives come in two different forms: tax credits and tax deductions. Tax credits reduce the amount of tax you are liable for, while tax deductions reduce the amount of income on which you pay taxes. In this post, we'll go over all of the incentives in both of these categories. More information can be found in IRS Publication 970 (http://www.irs.gov/pub/irs-pdf/p970.pdf).

 

Tax Credits

American Opportunity Tax Credit- Up to $2,500 per student

This credit offsets what you pay for the first four years of higher education by reducing the amount of income tax you pay. This credit is also partially refundable (up to $1,000 can be refunded if your credit is more than you owe in taxes).

Eligibility Requirements:

  • Modified Adjusted Gross Income (MAGI) of $90,000 or less ($180,000 or less for married couples filing a joint return).
  • Have a student that was enrolled at least half-time for one term in 2013 in an eligible program leading to a degree, certificate, or other recognized credential at an eligible school.
  • Claim within the first 4 years of post-secondary education (undergraduate).
  • Student cannot have a drug conviction (possessing or distributing a controlled substance).
  • Must file a tax return to claim the credit (even if you are not required to file taxes).
  • Only the person claiming the student is eligible to claim the credit.
  • You cannot claim this credit if you are claiming the Lifetime Learning Credit or the Tuition and Fees Deduction for the student.


Lifetime Learning Tax Credit- Up to $2,000 per tax return

This credit is available for all types of post-secondary education (helpful to graduate students) and can be used to offset what you pay for tuition and fees, as well as other required expenses (books, supplies, equipment). This credit, unlike the American Opportunity Tax Credit, is non-refundable (meaning the maximum credit is limited to the amount of tax you owe).

Eligibility Requirements:

  • Modified Adjusted Gross income (MAGI) of $62,000 or less ($124,000 or less for married couples filing a joint return).
  • have taken any type of post-secondary education (you don't have to be pursuing a degree or certificate to qualify).
  • Students with drug convictions can still qualify.
  • Must file a tax return to claim the credit (even if you are not required to file taxes) and have some income liability.
  • Only the person claiming the student is eligible to claim the credit.
  • You cannot claim this credit if you are claiming the American Opportunity Tax Credit.

 

Tax Deductions

Tuition & Feed Tax Deduction- Up to $4,000 taxable income reduction

If you are not eligible for the tax credits listed above, this may benefit you. This deduction amount depends on your income and the amount of qualified tuition & related expenses paid for eligible students (tuition, fees, books, supplies, equipment). This is an adjustment to your income, so you can claim this deduction even if you do not itemize deductions.

Eligibility Requirements:

  • Modified Adjusted Gross Income (MAGI) of $80,000 or less ($160,000 or less for married couples filing a joint return).
  • Have a student that was enrolled in one or more courses in 2013 at an eligible institution.
  • Must file a tax return to claim the deduction (even if you are not required to file taxes).
  • Only the person claiming the student is eligible to claim the deduction.
  • You cannot claim this deduction along with a credit for the same student.
  • You cannot claim this deduction if you are married and file taxes separately or if another person can claim you as a dependent on his or her tax return.

 

Student Loan Interest Deduction- Up to $2,500 taxable income reduction

This deduction allows you to deduct interest paid on student loans for yourself, your spouse, or your dependents. This deduction amount depends on your income and the amount of interest paid. This is an adjustment to your income, so you can claim this deduction even if you do not itemize deductions.

Eligibility Requirements:

  • Modified Adjusted Gross Income (MAGI) of $75,000 or less ($155,000 or less for married couples filing a joint return).
  • Made payments on a qualified student loan (used to fund a student enrolled at least half-time in an eligible institution, pursuing a degree, certificate, or similar program).
  • Must file a tax return to claim the deduction (even if you are not required to file taxes).
  • You cannot claim this deduction if you are married and file taxes separately or if another person can claim you as a dependent on his or her tax return.

 

What you'll need:

1098-T

This is a statement from MSOE that will detail tuition & fees that you have paid for the calendar year of 2013. We mail the statement to your permanent address on or before January 31st, 2014.

1098-E (for Student Loan Interest Deduction ONLY)

This is a form sent from the student loan lender to the borrower, detailing the amount of interest paid for the 2013 year. Statements are mailed to the address on file.

 

Question of the day: Are Scholarships & Grants Taxable?

Scholarships, grants, fellowships and other gift aid that you have received in 2013 that are reported on your 1098-T may need to be reported as taxable income in certain circumstances. In general, however, if you are pursuing a degree, certificate, or program of training toward gainful employment, and used the funds to pay for tuition, fees, or required books/supplies/equipment, then they should not be counted as taxable income. More information on this is found in Publication 970.