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Are college student grants, scholarships, work-study or loans considered as income?

April 26, 2017college Grants income Loans scholarships student Work-Study

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Are college student grants, scholarships, work-study or loans considered as income?

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Undergraduate educational grants, scholarships, or work-study are not considered as income. The portion of a graduate student’s education grant, fellowship or scholarship used for educational purposes only is not considered as income; stipends for living expenses, housing, food, etc., are counted. Neither graduate nor undergraduate student loans are considered as income.