Scholarship Overview
The Education Freedom Tax Credit (EFTC), created under the One Big Beautiful Bill Act, is set to launch in 2027 through the IRS. This federal program offers a dollar-for-dollar tax credit to individuals who contribute to scholarship-granting organizations (SGOs). Single taxpayers can claim up to $1,700, and married couples filing jointly can claim up to $3,400. Federal estimates suggest the program could support as many as 700 SGOs and generate $26 billion in annual donations by the year 2030 to help families access broader educational choices.
Who Can Apply
Funding generated by the tax credit is directed to K–12 students from families earning no more than 300 percent of their area's median gross income. To receive scholarship assistance, students must reside in a state that has chosen to participate in the program. Currently, 30 states have opted in, while 20 states have not. Although donors in non-participating states can still claim the federal tax credit, their contributions cannot be used to fund students in states that have rejected the program.
Additional student eligibility criteria, deadlines, and official requirements are not specified in the source; please check the official notice.
Benefits
Scholarship funds raised through SGOs assist families with various K–12 educational costs. Covered services and expenses include:
- Private school tuition
- Academic tutoring
- Special-needs services
- School supplies
- SAT preparation courses
- After-school and summer enhancement programs
How to Apply
Not specified in the source; please check the official notice.
Source: fully funded scholarships 2026 - BingNews · Published October 07, 2026 · Photo by Ludo Poiré on Unsplash
Always confirm deadlines and eligibility on the official scholarship website.