A college student contemplating her taxes.

Are Scholarships Taxable? Rules To Know Now

First, congratulations on winning that scholarship! You’ve made a great stride in paying for college and reducing your student debt. Now that tax time is approaching, you might find yourself asking, “Are scholarships taxable?” This is an excellent question! Most scholarships and grants are considered “free money” and not taxable, but there are exceptions. To…

Is A Scholarship Taxable?

It’s tax season. That means it’s time to organize and get all your financial papers in order. If you’re a college student or a recent graduate that has received a scholarship over the past year you may owe taxes on it. Typically, scholarships are “free money,” but there are certain circumstances that require students to…