LeticiaF1
Expert Alumni

Education

Generally, scholarships aren't taxable if used to pay tuition and school-related expenses. ‌However, sometimes they may be taxable if you have excess money that is used to cover room or board, utilities, and other non-qualified expenses.  

 

You can use a 529 plan to pay for qualified room and board expenses like rent, and other housing costs.

 

Are my scholarships, fellowships, or grants taxable?

 

Taxes for Grads: Do Scholarships Count as Taxable Income?

Middle Class Scholarship