Reporting Full Ride on Taxes?

<p>I received a full ride scholarship from my college totaling about $42k. The college did not prepare a 1098-T for me, which was explained when I saw on the IRS website that colleges are not required to for students who receive full or excess scholarships. I also received approximately $1400 in a refund check today.</p>

<p>Do I still need to report this information on my taxes? How would I go about doing that?</p>

<p>Thanks!</p>

<p>The part of your scholarship that paid for qualified education expenses (basically tuition and fees and required books) is not taxable and does not have to be reported on taxes.</p>

<p>Any part of your scholarship that paid for non qualified education expenses (basically anything other than tuition/fees/required books) is taxable income and should be reported on a tax return (if your total income is high enough for you to be required to file a return). For instance scholarships/grants used to pay for room and board are taxable.</p>

<p>It is not the refund amount that is important here. It is what expenses the scholarship funds were used to pay for.</p>