Thanks for replying.
For example, my child received a scholarship from a NJ state university that is enough to cover all IRS qualified ed expenses ( i.e., tuition, fees, books, etc.) as well as sufficient to cover room and board. The IRS says the amount not considered a qualified expense (e.g., the amount used for room and board) is taxable. Does NJ do the same (i.e., part would be taxable) or since it is one scholarship only given so he would attend the school for educational purposes, is it all tax exempt?
