What do I report for the FAFSA Question “Amount of college grants, scholarships, or AmeriCorps benefits reported as income to the IRS.”?
Modified on: Thu, Mar 13 2025 1:32 PMOnly enter the amount from the 2023 IRS 1040 Form, Schedule 1, line 8r.
This amount comes from the 2023 1098-T, line 5 (Scholarships or Grants) minus 1098-T, line 1 (Payments received for qualified tuition and related expenses). If the amount is zero or less, enter zero.
This is the amount of the scholarships and grants for the tax year that were more than tuition and course-related expenses and considered income. This amount is generally used for non-qualified expenses, such as housing, food, and travel.