Can financial aid be counted as part of your annual income?

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financial aid "income" - suspect you're asking whether financial aid taxable income.

answer depends on specific form of financial aid involved, , specifically, funds used for.

money received (and used) tuition, books , fees non-taxable income. don't need declare on tax returns.

money used pay room , board taxable income - , recipient must claim funds on annual return.

regardless of use funds - money paid in exchange services provide taxable. best example of stipends paid graduate school students in exchange teaching or research responsibilities. funds taxable income, if use them pay tuition or books.

i'm not sure credit card application asking - seems interested in money receiving available pay credit card balance. because financial aid not available (at least it's not supposed available) non-educational uses, financial aid not of "interest" credit card company, , not recommend including sort of claimed income using substantiate financial wherewithal.

luck you. if want best possible answer, call credit card company's 800 number , ask them.

it credit card application. curious, , need quick response!!


Education & Reference Financial Aid Next



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