Is college tuition tax exempt?

<p>Tuition that you pay is not tax-deductible for you, beyond the credits described above.</p>

<p>If you get grant or scholarship that pays tuition, generally that IS exempt from income tax. without any cap. But if you get a grant or scholarship that pays for things like room & board, books, activity fees, that portion IS NOT exempt from tax and must be counted as part of your taxable income.</p>