<p>Let's say I got more scholarships than I needed. Can I save that money for graduate school? Or is there something I can do with it so I don't lose it completely?</p>
<p>Is this money all merit-based scholarships or is some or all need-based grants and from whom? With scholarships it depends on the terms of the scholarship. My son received a 4 year private scholarship that can’t exceed tuition, fees, room and board for example. And any scholarships/grants that exceed the cost of tuition, mandatory fees and required books and supplies(notice not room and board) is taxable to you the student. You’d have to provide more detail for a more specific answer.</p>