Grants
Answer these questions to find out if you have to file a federal income tax return and if you might owe federal income tax on your scholarship or grant.
Financial Aid Displacement: What Families and Scholarship Providers Should Know By Scholarship America Updated May 2023 Students and their families are often surprised to realize some colleges reduce their financial aid packages when the student earns private scholarship dollars—a practice called financial aid displacement or award displacement. Colleges that practice displacement say it helps free […]
What Can College Students Expect in 2023-24? By Matt Konrad Around two million new freshmen enrolled in college as part of the rising class of 2027. Those students’ high school careers were thrown into disarray by the COVID pandemic. But, as higher education settles into its post-pandemic reality, what can those students expect to face—and […]
Why Scholarships Are Vital for Low-Income Students and Families By Scholarship America For students from low-income families, college can be a massive catch-22: higher education has never been more important, but it’s also never been more expensive. If college were accessible and affordable, students with high financial need would have a better chance to break […]
Student Resource Guide: Fall 2023 By Matt Konrad Whether you’re in high school, college or just thinking about the next steps in your education, it can be tough to know where to start. Applications, admissions, financial aid and scholarships all have their own deadlines – and they happen while you’re also trying to balance your […]
Forging a Unique Path: Dream Award Scholar Jake Neill By Pam Carlson At age 14, Jake Neill’s life was changed forever. Jake noticed that a girl in his class was isolating herself and seemed lonely. “I just knew something was off – she needed help,” Jake said. He reached out to her and took time […]
Wait, What? Scholarships Are Taxable? By Matt Konrad Updated February 2024 Everyone knows what a scholarship is. It’s free, no-strings-attached money to help a student pay for their higher education. Right? Usually. But not always. In some cases, there are significant strings attached—including a few situations in which scholarship funds may be treated as taxable […]
How Emergency Grants Help College Students Facing Homelessness and Hunger By Matt Konrad Updated February 2024 The doors of higher education have never been open to more people. But it’s increasingly clear that many of those students are struggling to meet their own basic needs even as they work to change their lives with a […]
Featured Partner Scholarships: March 2024 (Part 2) By Matt Konrad Scholarship season is as busy as it gets—and even if you’re still waiting on FAFSA information, you can apply right now for all of the open programs on Scholarship America’s Browse Scholarships page! There are lots of great options; today we’re featuring a program to […]
The Big Questions About Scholarship Taxability By Matt Konrad Updated April 2024 Students who receive financial aid may have an unexpected bill to pay—a tax bill. While most scholarship awards are not taxed, there are a number or circumstances in which they can be, and many students and parents may not know the details. Here […]