Comments

• Hi @RandyMacon, The burden of proof falls on the student. We have students sign a document acknowledging direct payment and intended use. There is a paragraph that states tax implications if money is not used for educational purposes. Most times, a student won't be taxed because their income and scholarship distribution is…

  in Scholarship Room & Board/Potentially Taxable Expenses Comment by StephanieSYoung June 2022
• Thank you for all these examples! I am new in the job as director of scholarships at a foundation in Chattanooga (1 yr on July 7th). We currently use an eligibility questionnaire that would then open up our scholarship applications. My questions are: Would the universal application now take the place of the eligibility…

  in Could you share your Universal Scholarship Applications? Comment by StephanieSYoung May 2022
• Sure!

  in Scholarship Room & Board/Potentially Taxable Expenses Comment by StephanieSYoung March 2022
• Hello @loritrenholm! For students who are receiving scholarship money directly, we have them sign a "pay to student" form. In the form, we have a paragraph to inform them that if money is being used for non-educational purposes (i.e. tuition, books, materials, school fees, etc.), they must complete a w-9 and will receive a…

  in Scholarship Room & Board/Potentially Taxable Expenses Comment by StephanieSYoung March 2022