<p>Notifications should coming out now</p>
<p>My son received his Hutton Scholarship letter today. He is a Direct Admit to the School of Informatics and Computing.</p>
<p>S got a ding letter today for Hutton Scholarships… he is Direct Admit to Kelley</p>
<p>RugbyDad - so they actually sent out a letter saying that your S didn’t get Hutton Scholarships? I guess I just figured we’d either get an award letter or nothing at all. Congrats on the direct admit to Kelley!</p>
<p>My son also received a “no” letter yesterday. He is also a direct admit to SOIC. I would like to put this into perspective for all of those that received a “no.” Three years ago D received money from Hutton. Her scores were slightly lower than son, her GPA was lower, and her class rank was lower. </p>
<p>There are significantly more applicants to Hutton today and less money to go around. I recall that the year she entered IU there were between 800-900 Hutton students. This year there are 1200. We are a bit disappointed for son, but he will still receive a great education at a great cost. </p>
<p>Money or no, to get into Hutton in an increasingly competitive environment is quite an accomplishment. Take advantage of it all!</p>
<p>S also received no letter, 34 ACT and 4.35 GPA from competitive high school (no class rank), solid ECS and recommendations. Very surprised. Pool must have been super competitive.</p>
<p>Pinot Noir - yes… S received an actual letter. Letter said they gave out 250 scholarships to a pool of 1200 applicants. S has similar stats to adamom. Yes we were a little surprised but no complaints since S still has the automatic merit scholarship that amounts to almost Full Tuition since we are in-state.</p>
<p>Thanks for the info, RugbyDad and all! We haven’t gotten a letter yet - hopefully it will arrive this week and we’ll know for sure. Looks very tough to get Hutton $$ this year! So, are there 1200 freshmen entering Hutton Honors College in the fall? That makes it sound really tough to get into any honors classes.</p>
<p>This is bad news for DS3 who will apply this Fall. However, $1K-2K Hutton scholarship may push your total award over your qualified expense. Without the Hutton scholarship, you may get $1-2K tax credit back next year if you plan it well. In the end, it makes little difference for middel income Indiana families.</p>
<h2>Ace said: --However, $1K-2K Hutton scholarship may push your total award over your qualified expense. Without the Hutton scholarship, you may get $1-2K tax credit back next year if you plan it well. In the end, it makes little difference for middel income Indiana families.–</h2>
<p>Ace, going over the qualified expenses won’t have an effect on getting a federal tax credit for summer classes, if your student takes them, which are not covered by Hutton and automatic scholarships. In other words, your student’s scholarships exceed the qualified expenses (IU fall and spring semester tuition and fees) and your student pays taxes on the overage, which is likely to be zero for federal taxes and less than five percent (after his deductions) for state taxes. </p>
<p>However, you can claim the credit on your taxes for any summer school tuition and fees paid and books purchased by using the American Opportunity Credit. (Your students can’t claim these anyway, since they are likely your dependents.) This effectively makes summer school free up to $2,500 dollars worth of tuition, fees, and books per student, as long as the students get no scholarships dedicated for summer classes. The American Opportunity Credit is scheduled to end in 2012, but I’m guessing O’Bama will renew it, just as he did at the end of 2010. Your kids may qualify for 2011 and 2012 if they do summer school and get no scholarships for summer school.</p>
<p>My son’s IU scholarships cover tuition, fees, and room and board, but I still take the American Opportunity credit when he goes to summer school, getting 100% of the tuition, fees, and books expenses back in the form of a tax credit the following year. Have received credit for all his Ivy Tech and IUPUI classes and will get credit for IU tuition, fees, and books this summer in 2013.</p>
<p>Ace, I should add. too, that even if your kids do not go to summer school, you probably qualify for the American Opportunity tax credit for 100% of what they spend on text books in the fall and spring semesters, up to $2,500, per tax year, regardless of the size of their scholarships (unless they get scholarships that are so huge that they no longer qualify as your dependents). </p>
<p>“. . . expenses for books, supplies and equipment needed for a course of study are included in qualified education expenses whether or not the materials are purchased from the educational institution.”</p>
<p>See publication 970, page 9. </p>
<p><a href=“Redirect Notice”>Redirect Notice;
<p>bthomp1,</p>
<p>Good for your son!</p>
<p>I have not had the pleasure to explore the tax consequences in the full-ride territory. I am afraid that the goal is unreachable next year.</p>
<p>Is anyone else still waiting to hear either a yes or no from Hutton regarding scholarships?</p>