Tax question: college accounting doesn't reflect actual outlay

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<p>At least for D1s school, it’s because spring tuition is billed in Nov, but FA grants are not applied to this bill until Feb. So, for fr year, the 1098T reports both semesters of tuition but only fall FA grants. The next two years are more balanced, but are still inconsistent since tuition and FA grants are reported for the school vs. calendar year, respectfully. And as you said, that last year leaves you with grants reported but no tuition charged. Here’s how I dealt with it:</p>

<p><a href=“http://talk.collegeconfidential.com/financial-aid-scholarships/875081-scholarships-taxable.html?highlight=1098T[/url]”>http://talk.collegeconfidential.com/financial-aid-scholarships/875081-scholarships-taxable.html?highlight=1098T&lt;/a&gt;&lt;/p&gt;