Can my parents send money to Texas A&M University and call it a scholarship?
No. Only a company or business can create a scholarship or receive a receipt showing a donation from Texas A&M. If your parents are looking for a way to help, remember that many college expenses are tax deductible through the use of the US government’s Hope or Lifelong learning credits. How do I present the information to a potential donor? We suggest that you write a letter briefly introducing yourself and your goals in studying abroad, be it career, personal, etc. Tell a little about where you are going, the courses you will be taking, and how you believe this will impact your potential career goals. Describe the cost of the program and what your financial needs are. If the business has donated to education in the past, note that you hope they would help you to fulfill this dream of going abroad. It doesn’t hurt to emphasize the importance of private funding for financing an international experience due to rising costs due to inflation, currency exchange rates, etc. Suggest ways you
