My daughter received several private scholarships in 2023 in which she deposited the actual checks into her checking account. She did not use all of this private scholarship money for qualified educational expenses because she received a tuition expemption for being the Valedictorian of her class. Are we able to use the money in 2024 for next year's tuition to avoid it being counted as taxable income, or will it automatically be counted as taxable income if it is not used in 2023? Thank you!
