Cooking has always been considered one of the most prestigious line of work since the dawn of mankind. Be it making food for a small family, or working as a chef in a five star hotel, the culinary arts are appreciated all the time. Due to the recent cultural burst of food, as new styles of cooking and ingredient preparation is being introduced all over the world, there have been more and more people interested in being a professional chef. However, like all occupations, being a chef requires constant dedication and hard work; the quantity of which determines success from failure. With the additional desire for a cooking scholarship, you realize that being a professional chef is tougher than you initially expected, and financially speaking, tax refunds can be helpful in this case.
Why need a culinary scholarship?
Culinary arts are very helpful in all aspects of life, but one might wonder: Am I cut out to be a chef? As pointed out in the statistical report of the Bureau of Labor, chefs earn an average of a little over $38k, while some even earn less than $22k. In places, such as the USA and Australia, this is a miniscule wage, and definitely not easy to make a living off of.
While the wages may be a problem, the real problem lies at the root: Pursing the culinary degree in the first place. Since a lot of money is involved, money that will come out of the students’ pockets, there is a huge dependence on student loans. Tax refunds, especially help here, as without them, a culinary student will be bankrupt very easily if they aren’t careful in the long run.
Grants and culinary scholarships help in these cases too, as they provide financial aid that no other legal methods can reliably provide. Many culinary schools offer these scholarships as awards for endeavoring minds who can provide new alternatives to an accepted method, or contribute to the overall development of the world of cooking by thorough research and study. Additionally, planning ahead and determining tax refund procedures will save a lot of extra expenditure.
Where tax is applied
Many students aiming for a scholarship tend to be confused with where tax is required and where it isn’t. Scholarships that provide expenses for the education is not taxed. This includes tuition fees and costs of books, copies, stationeries, etc. However, students living abroad cannot be reliant on the scholarship money for their living and eating expenses. These, including additional commodities, such as a computer (when it is not explicitly required according to the university standards) will add tax to the expenses, so one needs to be cautious about that.
Special scholarships, such as the ones from the Department of Veterans Affairs, is free of any tax, including costs of boarding and general living. Others, such as the ones from Armed Forces Health Professions, National Health Services Corps, etc. also excludes tax. Still, if students find themselves stuck with tax related problems nonetheless, and are unable to pay the tax, they might look towards tax refunds solutions that are specifically catered towards them.