International student fin aid

b_r_um
Sun, 24 May 2009 18:30:22 +0000

You pay 14% tax on the grants you receive beyond tuition (work-study, loans etc don’t count). For example, say that you got a 48k grant and tuition is 34k. Then you have to pay 14% of 14k (= 48-34) in taxes. If I remember correctly, those taxes are assessed when you file your income taxes. I know that the college sends out an extra tax form to all international students. I remember mine reported a mystery income of a few thousand dollars. I assumed that was the difference between my grants and tuition, but I never checked to make sure that that’s really what it was.