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The point is you may have to do a tax return. If your earned income is $5350 or over you have to do a tax return even if you are claimed as a dependent.Taxable scholarships/grants are considered earned income for tax purposes.</p>
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<p>No it is not the refund. Other items are charged to your bursar account such as room and board. Scholarship/grant money used to pay for room and board is taxable.</p>
<p>From the numbers you showed on your original post:
Qualified Expenses Total for Jan 1 - Dec. 31, 2007: $3523.75
Grants and Scholarships: $8913</p>
<p>Your scholarships/grants totaled $8913 - your qualified expenses were $3523.75. The difference between the two is the taxable part of your scholarships and grants.
8913-3523.75 = $5389. </p>
<p>Nothing to do with the refunded $$s.</p>
<p>Read the publication I gave the link for.</p>