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Are subsidized and unsubsidized loans included on scholarship income
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Are subsidized and unsubsidized loans included on scholarship income
No, school loans received are not income nor taxable.You should only include the scholarships/grants and those items you do not have to repay.
Tip: You can deduct school loan interest when you begin repaying them.
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Are subsidized and unsubsidized loans included on scholarship income
No, school loans received are not income nor taxable.You should only include the scholarships/grants and those items you do not have to repay.
Tip: You can deduct school loan interest when you begin repaying them.
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