A scholarship is paying your college bills. Did you know the IRS might want some of that money back?
It is the end of the school year. For college students who received financial aid, that means it is time to calculate what they could owe Uncle Sam.
The problem? Some students have no idea their scholarships or grants may be taxable in the first place, resulting in an unexpected financial burden for those who have school loans or hail from low-income households.
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