Ann.without.an.e Posted April 3, 2016 Share Posted April 3, 2016 DD is narrowing down her "apply to" list (she is a senior next year) and I'm trying to figure out the financial end of this stuff. I mocked it in turbo tax to see how paying for college would change our return. It gave me a warning that DD would need to pay income tax on any scholarship money that covered room/board. How did this work for you kiddos? Can they designate any loan money to room/board to avoid this? or do their student loans have to go toward tuition? Quote Link to comment Share on other sites More sharing options...
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