"Expert Financial Aid Consultants"

So you have received a grant or scholarship, congrats! Now for the question on everyone’s mind: Are taxes going to deplete my “free money”? According to the US Master Tax Guide, scholarships and fellowship grants are not considered income. Any amount of money which is received as a qualified scholarship is excluded from an individual’s [...]

Scholarships are a very much sought after form of financial aid. Why? They don’t have to be paid back! Scholarships also may take on a significant meaning for a student, it may be they excelled academically, athletically, as a leader, etc. But are scholarships taxable income? Generally, scholarships are tax free. If you have questions, [...]