You are married. You will be working on a degree beyond a bachelor's degree in the school year 2000-2001. You have children who receive more than half of their support from you. This transcript is required even if the student received no financial aid at the other institution. Taxable Aid Grants and scholarships are tax free only to the extent that they are used for tuition, fees, books, course materials, school supplies, and other items that are directly related to education.
Any awards given for room, board, and personal expenses are taxable.
Students should keep records and receipts of all educational expenses. The financial aid award notification is a contract. Sign and date the award notification and indicate any awards you wish to accept or decline. Return one copy to us and keep one copy for your records. If you have been offered a Perkins Loan, sign and date the promissory note, disclosure statement, and reference form and return them with the award notification.