Scholarship Stipend and 529 Plan

BelknapPoint
Wed, 30 Aug 2017 16:25:48 +0000

Also, I need to re-read the definition of QEE for scholarships/grants - I thought it DID cover room/board (cost as determined by university). Thanks again for the heads-up. Much appreciated.

IRS pub 970 is a good reference here.

https://www.irs.gov/pub/irs-pdf/p970.pdf

Chapter 1 discusses scholarships and grants. On page 5, you will see that room and board is specifically listed as a non-qualifying expense when determining the tax status of scholarships and grants.