I'm an international student looking into scholarships for college in the U.S. and I'm unsure about the tax implications. Do we need to pay taxes on scholarship money, and if so, how does that work?
Indeed, the tax implications for international students receiving scholarship money in the US can seem confusing at first. The general rule is that if you're an international student, fellowship or scholarship money received for tuition, fees, or books, supplies, and equipment required for courses is typically exempted from taxation. However, money used for other expenses like room and board, travel, and optional equipment can be considered taxable income.
CollegeVine’s Q&A seeks to offer informed perspectives on commonly asked admissions questions. Every answer is refined and validated by our team of admissions experts to ensure it resonates with trusted knowledge in the field.