Author: administración

Key PointsNo federal law requires students to report private scholarships to their college. The reporting requirement comes from college policies, not government regulations.Colleges often practice scholarship displacement (reducing their own grants when students win outside scholarships) which can erase the financial benefit of winning a scholarship.At least five states (Maryland, New Jersey, Washington, Pennsylvania, and California) have passed laws restricting scholarship displacement, and federal legislation has been proposed. Students who spend hours applying for private scholarships expect those awards to lower their college costs. But at many schools, winning an outside scholarship triggers a process called scholarship displacement, where the…

Read More

The big picture: Fidelity Investments is expanding its list of ETFs subject to a $100 purchase fee, growing from roughly 27 funds to more than 120. The updated list takes effect June 1, 2026, and targets ETF issuers that do not pay Fidelity a direct, asset-based fee to support platform availability. Why it matters: The fee structure has drawn accusations of a “pay to play” model. If an ETF issuer doesn’t have an agreement with Fidelity, the $100 service charge gets passed directly to the investor on each purchase. That forces smaller fund managers into a choice: pay Fidelity or…

Read More

What’s happening: Senator Mark Kelly (D-AZ) and 29 Democratic colleagues introduced the Keep Public Funds in Public Schools Act, a bill that would repeal the Education Freedom Tax Credit (EFTC) — the federal school choice tax credit signed into law last summer as part of the One Big Beautiful Bill Act. Why it matters: The EFTC is the first federal law that could expand school choice to families in all 50 states. It provides a dollar-for-dollar tax credit of up to $1,700 for individual donations to scholarship granting organizations (SGOs), set to take effect in 2027. Twenty-nine states have already opted…

Read More