My son received a scholarship specifically to take a summer coop overseas. The amount of the scholarship was $4000. Of that $2500 was for "Study Abroud Faculty Led", $1020 was for "CE Tuition" and $30 was for "CE Registration Fee". The remaining $650 was refunded to his account. On his 1098-T statement he had $17639 in qualified expenses and $11849 in scholarships and grants, including the $4000 mentioned above. Given the qualified expense more than exceeds the amount in scholarships, is any of the $4000 taxable?
