Scholarship Tax Calculator

Personal Information

Are you pursuing an academic degree or certificate?

Was your scholarship/grant awarded as payment for services you performed?

Was your scholarship one that is exempt from fee-for-services restrictions? info icon vector Scholarships that are exempt from fee-for-services restrictions include ones awarded by the National Health Service Corps Program, Armed Forces Health Professions Scholarship and Financial Assistance Program, and a comprehensive student work-learning-service program operated by a work college.

Did you perform those services as a teaching or research assistant?

Student Tax Information




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Work Income Information


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Some scholarships are indeed taxed. It depends on how the money is used and certain qualifications of the student.

The student receiving the scholarship must be a degree candidate at an eligible institution. The money must be used for qualified expenses, such as tuition and fees, books, supplies and equipment.

If the scholarship is used for non-qualified expenses it could be taxed. Non-qualified expenses include room and board, travel, food and other living expenses. A scholarship may also be considered taxable income if the student is not a degree candidate or if it is paid as wages.

You can claim an education tax credit, like the American Opportunity Tax Credit or Lifetime Learning Tax Credit, if your qualified expenses exceed what the scholarship covers.

No, student loans are not considered income and need to be repaid, so these are not taxed. There is a student loan interest deduction for interest paid on federal and private student loans.