Ethics of Outside Scholarships

fiskelove
Thu, 05 Jul 2007 20:06:29 +0000

So, 3togo, you’re saying if our extended family were rich enough that various members of the family could give our daughter multiple individual gifts of $10,000 each, she wouldn’t need to report that money to financial aid because it’s not “income” according to the tax code? Yet it’s unethical not to report $1,000 outside scholarship? If this is true, the law is clearly written to benefit the rich and is itself unethical. By the way, my daughter has not been given a loan or work study which she could use the scholarship to replace. Bottom line, I know we have to be honest, but oftentimes laws – especially tax codes --are written to benefit the rich at the expense of the poor and middle class While this may be legal, I think it is unethical!