<p>Lukester, actually you may have a different problem -- taxable income from scholarships. The part of the scholarship that goes to pay tuition and other charges directly related to enrollment and the classes take is not-taxable, but the part that goes to living expenses is. In other words, if your kid's college costs $25K for tuition and $10K for room and board, and he has a $30K scholarship, then $5K of that is taxable income.</p>
<p>But this is an oversimplification -- I'm sure there are tax worksheets you can use that make it all much more complicated. And I think the income would be reported on the kid's return, not the parent's.</p>