What DawnC said is correct based on the numbers you provided however, be aware that the program may suggest the student claim more scholarship as income if that frees up expenses for you to apply to an education credit on your return.
Your credit might be worth more than the tax on the student's income, or the income may still be below the filing requirement for the student.
Additionally, scholarships claimed as income by a student is considered Earned Income and may be used for contributing to an IRA.
According to the IRS:
Individual retirement arrangements (IRAs). You can set up and make contributions to an IRA if you receive taxable compensation. A scholarship or fellowship grant is generally taxable compensation only if it is shown in box 1 of your Form W-2, Wage and Tax Statement. However, for tax years beginning after 2019, certain non-tuition fellowship and stipend payments not reported to you on Form W-2 are treated as taxable compensation for IRA purposes. T
IRS Pub 970
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