Cash stipends are paid at a rate of $25,000 - $38,000 per year depending on degree pursuing.
No. If awarded, SMART will fund the total cost of full-time tuition at the regionally accredited U.S. college or university of the applicant's choice.
ASEE must report all stipend, internship support, health insurance and book allowance payments made to Recruitment Participants under the SMART Scholarship Program. At year end, ASEE will provide participants and the Internal Revenue Service (IRS) with the informational Form 1099-MISC recording the amount paid to the participant during the tax year. ASEE does not withhold taxes from participant payments. Under current laws and regulations, participants are responsible for submitting quarterly estimates of income taxes to the IRS and paying the amounts due. Participants may have a similar liability with respect to state and/or local taxes depending upon the state and/or locality where the participant resides.
You are considered an independent contractor, and not self-employed, and are not employed by either the United States Government or ASEE. If you have further tax questions, please contact the IRS, as ASEE is prohibited from giving tax advice.