STEP 2
Verify Household Financial Status
The Cooperman College Scholars program evaluates each student’s financial situation to determine eligibility for the scholarship.
- The Cooperman College Scholars program evaluates each student’s financial situation to determine eligibility for the scholarship. Prospective students must live in a household whose annual gross income does not exceed 250% of the federal poverty guideline. Please refer to the chart below to see if your family meets the criteria:
Family Size |
Gross Yearly Income |
Gross Monthly Income |
Gross Hourly Income |
1 |
$29,700 |
$2,475 |
$14.47 |
2 |
$40,050 |
$3,338 |
$19.52 |
3 |
$50,400 |
$4,200 |
$24.56 |
4 |
$60,750 |
$5,063 |
$29.61 |
For each additional member of the family, please add $10,400 to the Gross Yearly Income. Source: US Department of Health and Human Services – 2016 Federal Poverty Guideline (x 250%)
- Applicants should provide a 2016 tax return (Form 1040/1040EZ/1040A) from both biological parent(s) regardless of whether they currently live in the same household. Please include all pages of your tax return, including Schedule C and E (if applicable).
- If parents are married AND filed a joint tax return, one Form 1040/1040EZ/1040A is sufficient.
- If parent is remarried, report biological parent and stepparent income.
- Please DO NOT submit tax form of grandparents, foster parents, siblings, uncles, aunts or anyone else unless they have legally adopted the student.
- Applicants not currently in contact with one or both of their biological parents, and therefore unable to access their financial documentation, can email financialdocs@coopermanscholars.org for additional guidance.
If your parent(s) do not file a tax return, please complete an Income Verification Form for Non-Filers. This form is necessary only for students who are not submitting a tax return.
Download full Selection Criteria and Eligibility Guidelines