7
2 years ago
Paying for College

Scholarships

Are scholarships given to anyone or do you need to present some type of tax form to report your household income?

$
11th
?
7
3
🎉 First post
Let’s welcome @egara23 to the community! Remember to be kind, helpful, and supportive in your responses.

Earn karma by helping others:

1 karma for each ⬆️ upvote on your answer, and 20 karma if your answer is marked accepted.

3 answers

4
2 years ago

You can get scholarships on CollegeVine regardless. Other scholarships may require a verification of your household income.

4
1
2 years ago[edited]

Depends on where you're getting the scholarship from.. You can get them online, from local colleges or communities, at your school, etc, but for most I'd say yes you do (sometimes). If any part of your scholarship or fellowship grant is taxable, you may have to make estimated tax payments on the additional income.Taxable scholarships are a "hybrid" income category. They are unearned income for most purposes, including the "kiddie tax". But taxable scholarships are treated as earned income for purposes of a student-dependent's standard deduction

1
1
2 years ago

A lot of scholarships don't require a tax form. Those are mostly the ones that are need-based, showing you don't have the money for college. Others that are merit-based or essay based probably won't, but you need to look into the individual scholarships to be sure.

1
What are your chances of acceptance?
Your chance of acceptance
Duke University
Loading…
UCLA
Loading…
+ add school
Your chancing factors
Unweighted GPA: 3.7
1.0
4.0
SAT: 720 math
200
800
| 800 verbal
200
800

Extracurriculars

Low accuracy (4 of 18 factors)

Community Guidelines

To keep this community safe and supportive:

  1. Be kind and respectful!
  2. Keep posts relevant to college admissions and high school.
  3. Don’t ask “chance-me” questions. Use CollegeVine’s chancing instead!

How karma works