The University of Alabama

FINANCIAL AID

Other Resources for Federal or Nonfederal Student Aid

AmeriCorps

This program provides full-time educational awards in return for community service work. You can work before, during or after your postsecondary education, and you can use the funds either to pay current educational expenses or to repay federal student loans. For more information, contact:

Corporation for National Service
1201 New York Avenue, NW
Washington, DC 20525
1-800-942-2677
www.americorps.org

Robert C. Byrd Honors Scholarship Program (Byrd Program)

To receive this scholarship, you must demonstrate outstanding academic achievement and show promise of continued academic excellence. For more information, call toll-free 1-800-4-FED-AID (1-800-433-3243) or visit www.ed.gov/programs/iduesbyrd/index.html.

U.S. Armed Forces

The Armed Forces offer financial aid for service members and their families. For more information on recruitment incentives, contact your local military recruiter or visit the U.S. Department of Defense at www.todaysmilitary.com, click on “What You Get” and then go to “College Help.”

U.S. Department of Veterans Affairs

If you (or your spouse) are a veteran or you’re the dependent of a veteran, veterans’ educational benefits may be available. Information is available at www.gibill.va.gov or call 1-888-GI-BILL-1 (1-888-442-4551).

Internal Revenue Service (IRS)

The IRS offers student financial aid to certain taxpayers to help pay higher education expenses. The IRS offers two federal income tax credits (tax credits offer dollar-for-dollar reductions in your final tax liability) for higher education expenses.

  • The Hope Tax Credit, worth up to $1,500 per student, is available for first- and second-year students enrolled at least half-time.*
  • The Lifetime Learning Tax Credit is a tax benefit equal to 20 percent of a family’s tuition expenses, up to $10,000, for virtually any postsecondary education and training. This applies to undergraduate, graduate and professional schools and even for less than half-time* study.

For more information on the Hope and Lifetime Learning tax credits, and other tax benefits for postsecondary students, go to www.irs.gov. IRS Publication 970, Tax Benefits for Higher Education, which explains these credits and other tax benefits, is available online, or call 1-800-829-1040. TTY callers should call 1-800-829-4059.