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Transition-to-College Assistance Grants Enrollment Date Announcement

Support for families of college freshmen

The rapid rise in the cost of a college education is a major concern for many people, including our Plan members. The first year of college, especially, involves significant one-time expenses. Although assisting with the full cost of a college education is beyond the scope of the Assistance Program, the Board of Pensions is pleased to offer this pilot program that can help mitigate transitional expenses for eligible families of college freshmen.

A one-time grant for each eligible dependent

A one-time grant will be available to qualifying members of the Benefits Plan for each dependent child entering his or her freshman year at an accredited college or university. The grants range in amount from $500 to $1000, depending on the member's total family income. Eligibility criteria relate to financial need, plan participation, and enrollment of a dependent child as a full-time freshman at an accredited college or university.

Eligibility

For the 2010-2011 school year, you are eligible for this grant if:

  • your household's total Adjusted Gross Income is equal to or less than $105,800
  • you have been a member of the Benefits Plan Traditional Program for at least five years and are currently an active member
  • you have a dependent child who is covered under the Board's Benefits Plan, and
  • your child is beginning his or her freshman year as a full-time student at an accredited college or university

Application                                         

To apply, complete the Transition-to-College Assistance Grant Application and submit it by June 30, 2011. Applications must contain proof of a dependent child's enrollment as a full-time first-year freshman at an accredited college or university and a copy of the parent/parents' IRS form 1040, 1040A, or 1040EZ. Applications must be submitted during the academic year (August 2010 to June 2011) while the child is enrolled as a full-time freshman.

Grant payment                                    

An eligible church worker whose total household Adjusted Gross Income* (for husband and wife) is equal to or less than $105,800 (twice the churchwide ordained median salary) will receive a grant based on the household's Adjusted Gross Income. (The minimum grant is $500.)

*Adjusted Gross Income is income reported on Federal Income Tax Form 1040 line 37, Form 1040A line 21, or Form 1040 EZ line 4.

Final determination of these grant ranges and amounts will be made by the Board of Pensions.

 

Forms & Publications

The Board of Pensions of the Presbyterian Church (U.S.A.)

Attn: The Assistance Program
2000 Market Street
Philadelphia, PA 19103-3298 800-773-7752 (800-PRESPLAN)

Rev. Peter C. S. Sime
VP, Assistance, CREDO, and Funds Development, x 7227

Rev. Mary Serovy
Director, CREDO, x 7229

Dick Liberty
Manager, Assistance, x 7222
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© 2010 The Board of Pensions of the Presbyterian Church (U.S.A.). All rights reserved.