In response to the recommendations of the CDC regarding COVID-19, the financial aid office is limiting in-person interactions at this time. We encourage you to contact your financial aid counselor directly or to arrange a virtual appointment. Our office phone is answered weekdays from 8:00 a.m. – 4:30 p.m. and our office is open weekdays from 10 a.m. – 2 p.m. for visitors with brief questions.
Scholarships for Current Students
Scholarships and Taxes
A scholarship is considered tax-free if you are a full-time or part-time candidate for a degree at a primary, secondary or accredited post-secondary institution, the award covers tuition and fees to enroll in or attend an educational institution or fees, books, supplies and equipment required for your courses. If the total amount of scholarships awarded to you in a calendar year exceeds the amount of your tuition, fees, books, supplies and equipment, the excess amount is considered taxable income.
A scholarship is considered taxable if it is used to cover:
- Room and Board
- Clerical help
- Non-course-related equipment.
If your only income is a tax-free scholarship or fellowship, you won't have to file a tax return or report the award. However, you will have to report your scholarship to the Internal Revenue Service if any part of it is taxable and is not recorded on your W-2 form.