Is there free lunches?

[sunnyflorida]

<p>Colleges can issue 1099’s and report the income to the IRS. You get a 1099 that comes, or is available to download from Blackboard, etc at the same time as W-2’s are issued.
[FinAid</a> | Scholarships | Taxability of Scholarships](<a href=“Your Guide for College Financial Aid - Finaid”>Taxability of Scholarships - Finaid)</p>

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Taxability of Scholarships
Your scholarship may or may not be taxable. Generally speaking, a scholarship or fellowship is tax free if you are a degree candidate and the award is used to pay for tuition and required fees, books, supplies and equipment. Any amounts used to pay for room and board and a stipend for living expenses is taxable. There are also a variety of coordination restrictions that are intended to ensure that you don’t double-dip when taking advantage of the Education Tax Benefits.

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