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The College for Financial Planning®—a Kaplan Company to Provide Scholarships to Volunteers with the Volunteer Income Tax Assistance Program in Puerto Rico

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The College for Financial Planning—a Kaplan Company has launched the Champions of Volunteer Income Tax Assistance (CoVITA) Scholarships program to support volunteers of the IRS's VITA program in Puerto Rico. The scholarships will cover costs for two programs: the Financial Paraplanner Qualified Professional (FPQP) and the Qualified Personal Finance Educator (QPFE) certification programs.

The initiative targets secondary-level students, school teachers, and university faculty who volunteer with VITA, which provides free tax-preparation services to individuals earning $60,000 or less, persons with disabilities, and English speakers. In 2023, VITA sites across Puerto Rico prepared tens of thousands of tax returns. The programs are available in both Spanish and English languages, aiming to enhance financial planning knowledge and teaching capabilities in personal finance.

Il College for Financial Planning—una società Kaplan ha lanciato il programma di borse di studio Champions of Volunteer Income Tax Assistance (CoVITA) per supportare i volontari del programma VITA dell'IRS a Porto Rico. Le borse di studio copriranno i costi per due programmi: il Financial Paraplanner Qualified Professional (FPQP) e il Qualified Personal Finance Educator (QPFE).

L'iniziativa si rivolge a studenti delle scuole secondarie, insegnanti e docenti universitari che svolgono attività di volontariato con VITA, che offre servizi di preparazione fiscale gratuiti a individui con un reddito di $60,000 o meno, persone con disabilità e anglofoni. Nel 2023, i centri VITA in tutto Porto Rico hanno preparato decine di migliaia di dichiarazioni fiscali. I programmi sono disponibili sia in spagnolo che in inglese, con l'obiettivo di migliorare la conoscenza della pianificazione finanziaria e le capacità didattiche nella finanza personale.

El College for Financial Planning—una empresa de Kaplan ha lanzado el programa de becas Champions of Volunteer Income Tax Assistance (CoVITA) para apoyar a los voluntarios del programa VITA del IRS en Puerto Rico. Las becas cubrirán los costos de dos programas: el Financial Paraplanner Qualified Professional (FPQP) y el Qualified Personal Finance Educator (QPFE).

La iniciativa está dirigida a estudiantes de nivel secundario, maestros de escuela y profesores universitarios que son voluntarios con VITA, que proporciona servicios de preparación de impuestos gratuitos a individuos que ganan $60,000 o menos, personas con discapacidades y hablantes de inglés. En 2023, los sitios de VITA en Puerto Rico prepararon decenas de miles de declaraciones de impuestos. Los programas están disponibles en español e inglés, con el objetivo de mejorar el conocimiento en planificación financiera y las capacidades de enseñanza en finanzas personales.

재정 계획 대학—카플란 회사가 푸에르토리코의 IRS VITA 프로그램 자원봉사자를 지원하기 위해 Champions of Volunteer Income Tax Assistance (CoVITA) 장학금 프로그램을 시작했습니다. 이 장학금은 Financial Paraplanner Qualified Professional (FPQP)Qualified Personal Finance Educator (QPFE) 인증 프로그램의 비용을 지원합니다.

이 이니셔티브는 VITA와 자원봉사하는 중등 교육 수준의 학생, 학교 교사 및 대학 교수들을 대상으로 하며, VITA는 연 소득이 $60,000 이하인 개인, 장애인 및 영어 사용자를 위한 무료 세금 준비 서비스를 제공합니다. 2023년 동안 푸에르토리코 전역의 VITA 사이트는 수만 개의 세금 신고서를 준비했습니다. 이 프로그램은 스페인어와 영어로 제공되며, 개인 재정에 대한 재정 계획 지식과 교육 능력을 향상시키는 것을 목표로 합니다.

Le College for Financial Planning—une entreprise de Kaplan a lancé le programme de bourses Champions of Volunteer Income Tax Assistance (CoVITA) pour soutenir les bénévoles du programme VITA de l'IRS à Porto Rico. Les bourses couvriront les coûts de deux programmes : le Financial Paraplanner Qualified Professional (FPQP) et le Qualified Personal Finance Educator (QPFE).

L'initiative s'adresse aux élèves de niveau secondaire, aux enseignants et aux professeurs d'université qui font du bénévolat avec VITA, qui propose des services de préparation fiscale gratuits aux personnes gagnant 60 000 $ ou moins, aux personnes en situation de handicap et aux anglophones. En 2023, les sites VITA à Porto Rico ont préparé des dizaines de milliers de déclarations fiscales. Les programmes sont disponibles en espagnol et en anglais, visant à améliorer les connaissances en planification financière et les capacités d'enseignement en finances personnelles.

Das College for Financial Planning—ein Unternehmen von Kaplan hat das Stipendienprogramm Champions of Volunteer Income Tax Assistance (CoVITA) ins Leben gerufen, um die Freiwilligen des VITA-Programms des IRS in Puerto Rico zu unterstützen. Die Stipendien decken die Kosten für zwei Programme: das Financial Paraplanner Qualified Professional (FPQP) und das Qualified Personal Finance Educator (QPFE) Zertifizierungsprogramme.

Die Initiative richtet sich an Schüler der Sekundarstufe, Lehrer und Hochschuldozenten, die ehrenamtlich für VITA tätig sind, das kostenlose Steuererklärungsdienste für Personen mit einem Einkommen von 60.000 USD oder weniger, Menschen mit Behinderungen und Englischsprechende anbietet. Im Jahr 2023 haben die VITA-Standorte in Puerto Rico zehntausende Steuererklärungen vorbereitet. Die Programme sind sowohl in Spanisch als auch in Englisch verfügbar und zielen darauf ab, das Wissen über Finanzplanung und die Lehrfähigkeiten in persönlicher Finanzplanung zu verbessern.

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CENTENNIAL, Colo.--(BUSINESS WIRE)-- The College for Financial Planning—a Kaplan Company, which is accredited by the Higher Learning Commission, announces the launch of Champions of Volunteer Income Tax Assistance (CoVITA) Scholarships to support secondary-level students, school teachers, and university faculty who volunteer with the Internal Revenue Service's Volunteer Income Tax Assistance (VITA) program in Puerto Rico. VITA offers free tax-preparation services to individuals earning $60,000 or less, persons with disabilities, and limited English speakers, and its certified volunteers help ensure accurate filings. In the 2023 tax year, tens of thousands of tax returns were prepared at VITA sites across the commonwealth.

The College’s scholarships will cover the costs of its Spanish-language or English-language Financial Paraplanner Qualified Professional (FPQP®) program, which is designed for new professionals entering the financial services industry, as well as frontline employees and support staff with some industry experience looking to deepen their foundational knowledge about personal financial planning, and the Qualified Personal Finance Educator (QPFE) certification program, which covers fundamental personal finance topics with a goal of increasing educators’ proficiency in teaching students how to make smart decisions that will result in financial well-being.

Aixa Gonzalez, a former president of the Puerto Rico Society of CPAs, said:

"The IRS's Volunteer Income Tax Assistance program is more than just a service—it’s a gateway to meaningful careers in tax and accounting. During my time as president of the Puerto Rico Society of CPAs, I saw firsthand how VITA not only provides critical assistance to those in need but also inspires the next generation of professionals. For many, preparing a tax return through VITA is their first step toward discovering a fulfilling career. I encourage students and professors to get involved in this transformative program—because sometimes, what starts as a simple act of service can become a lifelong calling."

Dirk Pantone, president of the College, said:

"The College for Financial Planning is incredibly proud to support the Volunteer Income Tax Assistance program and the dedicated volunteers who selflessly give their time to assist their neighbors with the often rigorous process of filing taxes. By offering this scholarship program, we aim to support volunteers in their efforts to help families navigate their financial futures. These volunteers not only provide vital tax preparation services to underserved communities but also serve as champions of financial literacy and stability within their schools and neighborhoods. We are honored to help these passionate individuals access the specialized training and credentials they need to maximize the positive impact they have been making in their communities."

Those interested in volunteering for VITA can visit the sign-up page. Eligible volunteers can apply for the College for Financial Planning's Champions of Volunteer Income Tax Assistance (CoVITA) Scholarships on these web pages, available in English and Spanish.

Reporters interested in this story can contact Russell Schaffer at russell.schaffer@kaplan.com

About the College for Financial Planning®—a Kaplan Company

Founded in 1972, the College for Financial Planning®—A Kaplan Company provides accessible and flexible degree, non-degree, and continuing professional education programs to students nationwide. Shortly after its founding, the College introduced the CERTIFIED FINANCIAL PLANNER certification, which is now the world's most recognized and respected financial planning credential with more than 100,000 certified professionals. The College for Financial Planning is accredited by the Higher Learning Commission and is a member of the North Central Association. More than 200,000 students have graduated from the College’s programs. For more information, visit www.cffp.edu.

Note to editors: Kaplan is a subsidiary of Graham Holdings Company (NYSE: GHC)

Press Contact: Russell Schaffer, russell.schaffer@kaplan.com

Source: College for Financial Planning—a Kaplan Company

FAQ

What are the eligibility requirements for the CoVITA Scholarships from the College for Financial Planning?

The scholarships are available to secondary-level students, school teachers, and university faculty who volunteer with the VITA program in Puerto Rico.

What programs are covered by the CoVITA Scholarships?

The scholarships cover the FPQP (Financial Paraplanner Qualified Professional) program and the QPFE (Qualified Personal Finance Educator) certification program, available in both English and Spanish.

How many tax returns did VITA process in Puerto Rico during 2023?

VITA sites across Puerto Rico prepared tens of thousands of tax returns during the 2023 tax year.

What income threshold does VITA use for free tax preparation services?

VITA offers free tax-preparation services to individuals earning $60,000 or less, persons with disabilities, and English speakers.

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