Scholarship - Room and Board
We have a very small scholarship program to date, but have a prospective funder who is very passionate about funding a "full-ride" scholarship including room and board. I understand this will create taxable income for the student. I'm looking for examples of a scholarship program that funds room/board and how you communicate that to the applicants. And any experience with releasing these funds or issues for students when they receive their tax paperwork? Thank you.