by kbl2017 » Mon Dec 04, 2017 7:39 pm
I am fairly confident this is considered a scholarship end of story....there's no waiver, the school still reports the income and pays taxes on it themselves. There is still money changing hands, which means taxes are still being paid. Waivers are like discounts, no one ever pays for them, they're not reported as income to the school etc. So a grad student at my school costs lets say $50k a year, the school waives that $50k which means it's never reported as income and is never taxed. Which I think is where the taxes issue is coming into play here.
I am fairly confident this is considered a scholarship end of story....there's no waiver, the school still reports the income and pays taxes on it themselves. There is still money changing hands, which means taxes are still being paid. Waivers are like discounts, no one ever pays for them, they're not reported as income to the school etc. So a grad student at my school costs lets say $50k a year, the school waives that $50k which means it's never reported as income and is never taxed. Which I think is where the taxes issue is coming into play here.