<p>I recently did my 2011 taxes and the notary put that i pay for school even after i told him i got FAFSA. In this case am i going to be charged the money later on? if i am is there any way i can fix this problem? i just dont want any problems with the IRS… someone please help me!</p>
<p>thanks!</p>
<p>You don’t “get” FAFSA. FAFSA isn’t money. The FAFSA is an application to determine eligibility for federal financial aid.</p>
<p>Your question isn’t very clear. What do you mean by “am I going to be charged the money later on?”</p>
<p>A notary did your taxes? Are you sure?</p>
<p>What exactly are you talking about? If you received scholarships in excess of qualified educational expenses (which include tuition/fees/books), you ARE required to pay taxes on that amount. You should have received a 1098T from your school and you should also be keeping your OWN records regarding what you are paying YOURSELF.</p>
<p>If you received any scholarships or grants that covered room and/or board, you ARE required to pay taxes on that money.</p>
<p>As noted by Patsmom…the money didn’t come from the FAFSA. It came either from the federal government or your school.</p>