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About Financial Aid for Married People
About Financial Aid for Women
Does Financial Aid Pay for Housing?
Does the Middle Class Get Financial Aid?
Facts About Financial Aid
Financial Aid Statistics
Getting Financial Aid for Low-Income Families
Getting Financial Aid Reinstated
History of Financial Aid
How Does Financial Aid Work?
How to Apply for Financial Aid
How to Make Financial Aid Appeals
Is Financial Aid Taxable?
What Are Some Frequently Asked Questions About Financial Aid?
What Are the Qualifications for Financial Aid?
What Is the Purpose of Financial Aid?
What Part of the Government Provides Financial Aid?
What to Do if Your Financial Aid Is Suspended
Where Does Financial Aid Come From?
Summary: Financial aid can be taxable depending on what type of aid it is, such as grants and scholarships that exceed tuition and cost of attendance. Discover how tuition reimbursement can be taxed with help from a financial aid officer in this free video on financial aid and student loans.
Brooke Kramer is the financial aid officer at Argosy University in Salt Lake City, Utah. She has been in the financial aid office for many years and has quite a bit of experience.read more
"Hi my name is Brooke Kramer and I am a financial aid officer at Argosy University in Salt Lake City and today we're going to talk about if your financial aid is taxable and that is a big depends on that. It very much depends on what types of financial aid you receive. If you receive grants, scholarships or other types of free aid that exceeds your tuition and cost of attendance, sometimes this can be taxable. This can be true as well for work study or tuition reimbursement. Normally if you receive tuition reimbursement from your workplace, sometimes they do tax you on that. Again my best advice for you is to actually talk to your legal adviser for taxes or also talk to the IRS about these questions because they can give you a definite answer as to what is taxable and not taxable when doing financial aid and receiving financial aid. If you have any other questions, please feel free to check out our website at www.argosy.edu."
eHow Article: Is Financial Aid Taxable?
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