Your Governor's Scholarship Programs award is designed to complement other financial aid from the State of California, such as a Cal Grant. Since these awards are assets of the state until withdrawn, they are not reported on the Free Application for Federal Student Aid (FAFSA) as either an asset or income. Once the funds have been withdrawn, the funds represent a scholarship subject to IRS rules and may be considered taxable income for federal purposes in the tax year of receipt. If it is deemed taxable income, the student will report it on the appropriate subsequent FAFSA as income.
These awards can be used at any post-secondary institution that is eligible to participate in the U.S. Department of Education Federal Title IV financial aid programs; including schools outside the country. See the Student Information Sheet for more detailed information regarding financial aid and the Governor's Scholarship Programs.
Students should first check with their prospective schools to learn priority deadlines for scholarships and financial aid payments.