Are Scholarships Taxable? Must Scholarships Be Reported To Your College?

Robert Farrington is America’s Millennial Money Expert® and America’s Student Loan Debt Expert™, and the founder of The College Investor, a personal finance site dedicated to helping millennials escape student loan debt to start investing and building wealth for the future.

In our conversation, Robert and I discuss:

• If/When scholarships may be taxable

• What students should do with scholarship funds that they earn before senior year

• How earning a scholarship may affect financial aid

• Whether scholarships must be reported to your college

• The ins and outs of Work Study and whether it’s worth it

• The limits on student loans that surprise many people

• What the FAFSA does and doesn’t do

• The percentage of students whose entries in the College Investor’s Side Hustlin’ Scholarship were wasted because their entries didn’t follow directions, and just how few students even applied at all.

• And much more…

Click here to watch my conversation with Robert:

Or, click here to listen or download the audio of our conversation:

Click here to read the article on scholarship stacking/scholarship displacement referenced in our conversation.