Scholarship Stipend and 529 Plan

billcsho
Tue, 05 Sep 2017 21:17:26 +0000

It is indeed very complicated and I did learn a lot from this forum. My D just got a refund from school after the scholarships and grant paid off all the tuition and fees. I applied (just on my own record) the surplus on part of the R&B equivalent (as she lives in an apartment) and the rest by 529. Then I pay for the books out of pocket so that I can claim the tax credit. I actually told my D today that she may use as much as the $2000 credit on textbooks instead of looking for used books or international editions to save money this year.