kimc2
Returning Member

Scholarship does not coincide with tuition expense

Tuition for spring 2020 study abroad program is both due and paid in calendar year 2019. While an authorized program through the school, it still bills separately from school.  Student is still eligible for and receives school scholarship for tuition for study abroad program for spring 2020 semester.  Scholarship funds are not issued/received until January 2020.   Obviously the scholarship funds received in Jan are reimbursement of tuition I actually paid in 2019.  I don't want to count as income funds that were for valid tuition expenses due to a timing issue.  Normally Student receives Scholarship funds in same period that tuition posts to their account and there is no timing issue.  Please advise how to handle reporting.