ELIGIBILITY

Employees

Employees eligible for participation in the Scholarship Program for Dependent Children are:

• Active GM employees;

• Employees on leave of absence receiving benefits;

• Laid-off employees receiving benefits;

• retired GM employees;

• Dependent children of deceased employees

Dependents

The following dependents are eligible for participation in the program:

• natural children,

• stepchildren,

• adopted children,

• children by legal guardianship,

• totally and permanently disabled children,

• other children, who the employee may have legal responsibility for and are claimed on the employee's tax return,

• natural children of the employee who have lost custody or guardianship of otherwise eligible dependents,

• dependent must not have reached the age of 25 at the end of the calendar year,

• dependent must be unmarried,

• dependent must be financially dependent on the employee, retiree, or surviving spouse, as defined by the IRS,

• dependent must reside with the employee, retiree, or surviving spouse as a member of the household, or be the legal responsibility of the employee

EDUCATIONAL INSTITUTION
REQUIREMENTS

Acceptable courses under the program are classes which lead to an associate, undergraduate or graduate, or post-graduate degree, or classes in a vocational, technical, or trade program. 

The educational institution must be accredited by a governmental or nationally recognized agency and approved by the Tuition Administrators, edcor.

APPLICATION PROCESS

VOUCHER
Employees are encouraged to apply for a voucher at least 30 days before classes begin or as soon as the dependent is aware of the classes he/she desires to take.  The circle for voucher should be filled in.  The application should be sent to edcor-preferably by fax.   DO NOT SEND A FEE BILL OR ANY OTHER DOCUMENTATION WITH THE APPLICATION.  SEND ONLY THE APPLICATION.  Make a copy of anything and everything that is sent by mail.  The dependent should receive a tuition voucher within ten business days.  This voucher should be taken directly to the educational institution and they will bill the program directly.     

REIMBURSEMENT
If the employee desires to pay for courses and apply for reimbursement, he/she must fill in the circle for reimbursement.  The employee will be required to provide proof of payment for courses.  Proof of payment must include amounts paid and how they were paid on an official school letterhead or with the school logo.  Keep in mind that any other scholarships and grants will be deducted from the tuition amount. 

Forms are now available on our website!!!

SCHOLARSHIP AMOUNT

Each eligible dependent may receive a scholarship in the amount of $1,500 each calendar year for tuition and/or compulsory fees.

TAXATION

Scholarship amounts awarded to dependent children are regarded as additional income to the employee and are subject to applicable federal, state, local, and FICA tax provisions.  The amounts taxed are currently taxed at a 25% rate and is automatically deducted on the employee's paycheck. 

Please keep track of all amounts (and receipts) paid for tuition as you are eligible to receive either a credit on your taxes or a tax deduction.  Please consult a tax advisor for more details.

Should you have any further questions or concerns about the Scholarship Program for Dependent Children, please contact your current Human Resources Representative at 455-2022.  Hours for the HRD Rep are from 7 a.m. to 3 p.m.

For a printable version click here

Dependant Scholorship Form

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