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3 votes
1 answer
372 views

What are the tax implications for leftover financial aid and scholarship money?

Previous semester as an undergraduate student, I won a pretty big scholarship from my university. … As far as I know, and correct me if I'm wrong, any scholarship or grant money that is not used for educational costs (books, tuition, equipment, etc.) is taxable. …
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1 vote
1 answer
61 views

Would I qualify for an automatic 0 EFC on my FAFSA?

First of all, what does it mean to qualify for 0 EFC? Does it mean that any income I have, through internships or through taxable portions of other scholarships this year, is disregarded in determinin …
ARJ's user avatar
  • 167