If entered as Miscellaneous Income, 1099-Misc income would count as income toward the Earned Income Credit, but not for Roth contributions.
This link has more discussion on Earned Income for IRA Contributions.
You will pay self-employment tax, but you may be eligible for an Education Credit if you have Eligible Education Expenses to claim.
You may also get a tax deduction by contributing to a Traditional IRA rather than a Roth IRA.
Click this link for more info on Deductions for IRA Contributions.
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