Since you are claiming him as your dependent, you are the only one allowed to claim all the education tax benefits including the American Opportunity Tax Credit on your taxes. However, if the scholarship amount exceeds the total tuition amount paid, the student is required to report the difference on his tax return. If he does not meet the filing requirements, he does not need to report the excess amount.
Hope this helps.
[Edited 2/4/2020 | 2:34PM] @robjulbritton Please see the edited information. Sorry for the confusion.
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