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EF Gap Year & Excel Academy Scholarship

Everything you need to know to apply

From financial details to frequently asked questions. 

The deadline to apply for the 2024–2025 Excel Scholarship is April 26, 2024

Financial details
  • Providing full ride (i.e., no program fees) for semester-length program of recipient's choice and,

  • Distributing $1,500 discretionary spending money to scholarship recipients to utilize in preparation for the program and to maximize on-program experience. 

Scholarship recipients will receive a Form 1099 from EF – this form is used to report taxable income to the IRS.

  • The practical implications of the Form 1099 are that approximately $16,000-$24,000 will be counted towards the recipient’s annual income in the tax year that the recipient travels on the Gap program.

  • If the recipient is claimed as a dependent by their parents or legal guardians, then the 1099 should fall under the parents’ or legal guardians’ taxable income; if the student files taxes independently, then the taxable income should fall solely to that student. 

  • No tax is withheld by EF, so the student (or guardians) should plan to cover the tax bill when it’s due. It is our suggestion that the recipient sets aside ($18,000) x (filer’s marginal tax rate) as that amount is not taken out by EF and will be owed during the corresponding tax season.

The above tax rules are from the IRS and not by EF – this process is to comply with US tax regulations and is not a discretionary policy posited by EF.

FAQs

No, American passport holders do not require a Visa to travel on any of these programs.

Unfortunately, EF Gap Year Programs can only accommodate those who have a US or Canadian Passport.

Yes! You certainly can apply if you don’t have a passport but are eligible for or in the process of obtaining your passport. You must have your passport in hand 30 days before departure in order to be eligible for the program. 

Your PSS counselor has resources about this scholarship in other languages, reach out to them for more info. 

You can find the Rules of the Road and more general information here

Students will earn 3.75 credits on the Global Business in London course or 3.0 credits on the Sustainable Development in Costa Rica. The rest of the programs are NOT credit bearing.

Don’t hesitate to reach out to your PSS counselor with additional questions!