What expenses does AEF cover?
As with most scholarship providers, AEF has limits on what it can and cannot cover. Eligible expenses are: tuition, fees, books/supplies, room/board. However, in addition to the total annual maximum limit, there are limits on how much we can assist with books/supplies and off-campus room/board. IRS considers room/board awards taxable income. Although AEF is not required to do so, as a courtesy to you AEF sends a letter each year to each student who received room and board assistance that calendar year. However, AEF strongly advises you to check with your or your parents’ tax advisor to make sure you report any taxable income correctly. ONLY FULLTIME OFF-CAMPUS STUDENTS ATTENDING SCHOOLS OUTSIDE THEIR AREA OF RESIDENCE WHO SUBMIT A COPY OF THEIR LEASE AGREEMENT AND FULLTIME ON-CAMPUS STUDENTS ARE ELIGIBLE FOR ROOM/BOARD ASSISTANCE. Even given that fact, as a fulltime student you may possibly not receive any room/board assistance if we use up the semester or quarter limit paying for your
