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Education
At this point, you wish to receive clarification from them. Usually, if there was a an excess of scholarship money, usually it meant that the excess was distributed as income received OR there may have been other expenses such as room and board paid out. if that is the case, then the room and board can be claim to offset some the excess scholarship amount.
When i went to school, any excess payments were applied toward my expenses but was included in Box 1 of the 1098-T. Presently, there are unanswered questions that can only be supplied by the university. As of right now, there is an $6000 excess of taxable income that must be reported in the 1098-T. The school may need to issue a corrected 1098-T to account for some or all of that $6000 excess.
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