Everyone knows about scholarships. They’re no-strings-attached money to help students pay for their higher education. Right?
Usually, but not always. In some cases, there are significant strings attached -- including situations in which scholarships are treated as taxable income. While unusual, it’s important for students, their families and scholarship providers to understand all the implications.
Despite rising college costs, a clear majority of families believe higher education is well-worth the investment, and most students and parents are willing to stretch themselves financially to make it happen, according to a new study.
The national study from Sallie Mae and Ipsos, “How America Values College 2018,” found that 66 percent of college-going families believe they are getting a good value for the price they’re paying for college, and 20 percent say college is worth every penny.