Taxes! Does Financial Aide count?

[Kelvrick]

I'm filing my taxes when I remember I'm getting about 15 grand in Financial aid. Do I hafta include this in my income? I hope I don't hafta pay taxes on it.

Its a combination of grants, subsidized, and unsubsidized loans. Which count as income?

 

[kranky]

none of that would count as income, in my opinion.

 

[wyvrn]

No, because you are going to have to pay it back, with interest. And it isn't taxable.