The student doesnt report the education stuff, the parent only does, the parent reports it all. the dependent Student only reports the amount of taxable income created. Effectively, the end result is the excess scholarship/1099Q gets reported as it needs to be on the students return as scholarship income with no related expenses (as required for excess). (the whole process is to just report education expenses paid with taxable earnings on the parents return, and only excess 1099Q and scholarship on the student).
Only time the student reports it is if the parents are high income earners and get no benefits of education credits or no benefits of claiming their students or the student is no longer a dependent. Either student is not a dependent or the parent doesn't claim them in these scenarios.
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