
Taxable vs. tax-free scholarships: Key features
Scholarships are tax-free in most cases, though there are a few exceptions.
Meaghan Hunt is a researcher, writer, and editor across disciplines with a passion for personal finance topics. After a decade of working in public libraries, she now writes, edits, and researches as a full-time freelancer. She’s also a contributing writer and council member at HerMoney Media. When she’s not working, she enjoys spending time with family and friends, cats, yoga, travel, wine, and books.
Scholarships are tax-free in most cases, though there are a few exceptions.
First, you celebrate. But remember: You’ve got some new obligations too.
The FAFSA Submission Summary tells you about your financial aid eligibility.
Online tutoring can help you earn extra cash while keeping up with your studies.
You’ll be considered independent, which is usually good news for financial aid.
The choice you make depends on your situation, lifestyle and budget.
If you have a court order, you may qualify to be considered independent.
Prepare these documents when applying for an LLC loan.