Submit a request

Follow

I received an academic scholarship. Is this taxable?

Qualified scholarships and fellowships may be treated as tax-free amounts if you are a candidate for a degree at an educational institution and:

  1. The amount does not exceed your qualified education expenses - tuition and fees required for enrollment or attendance at the educational institution, or for books, supplies, and equipment required for courses of instruction.
  1. The scholarship or fellowship is not designated or earmarked for other purposes (such as room and board), and does not require (by its terms) that it cannot be used for qualified education expenses.

The amounts received are not a payment for your services unless required by the National Health Service Corps Scholarship Program or the Armed Forces Health Professions Scholarship and Financial Assistance Program