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What is a school tuition organization (STO)?

April 26, 2017organization School STO tuition

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What is a school tuition organization (STO)?

1 Answer

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A school tuition organization is one that is tax exempt under Section 501(c)(3) of the Internal Revenue Code, allocates at least 90 percent of its annual revenue to scholarships or grants, and makes its scholarships/grants available to students of more than one qualified school.