Admissions - Financial FAQ's

HCA chose GOAL because of their high standards in providing SSO funds on a financial needs basis and their ethical interpretation of the state of Georgia’s laws regarding SSO’s. Georgia law is very explicit that SSO funds cannot be designated for a specific student. The following is an excerpt of the Official Code of Georgia Annotated (O.C.G.A) Section 20-2A-5 regarding the designation of students and SSO checks.

“The parent or guardian to whom a scholarship award is granted must restrictively endorse the scholarship award to the private school for deposit into the account of the private school. The parent or guardian may not designate any entity or individual associated with the participating private school as the parent’s attorney in fact to endorse a scholarship warrant. A participant who fails to comply with this Code section forfeits the scholarship.”

Per the most recently amended legislation (HB 283):

  1. “The tax credit shall not be allowed if the taxpayer designates the taxpayer’s qualified education expense for the direct benefit of any particular individual, whether or not such individual is a dependent of the taxpayer.
  2. In soliciting contributions, a student scholarship organization shall not represent, or direct a qualified private school to represent, that, in exchange for contributing to the SSO, a taxpayer shall receive a scholarship for the direct benefit of any particular individual, whether or not such individual is a dependent of the taxpayer. The status as a student scholarship organization shall be revoked for any such organization which violates this paragraph.”

Please visit the website below for a recent court ruling on SSOs in Georgia:

http://www.goalscholarship.org/blog/detail/court-upholds-k-12-tax-credit-scholarship-program