JoannaB2
Expert Alumni

Education

Yes.  You may access your lender's website and verify the total amount you paid or financed, You may want to call Department of Education or your lender for a copy of 1098T for the tuition you paid on your summer schooling. 

 

Scholarship is a tax-free amount paid to a student enrolled at higher educational institution for a purpose of getting a degree or diploma.  The scholarship must be used to pay for tuition, books, lab fees, and related fees. If the total scholarship received was more than the tuition paid or financed, a portion of it may be taxable..