Sentences with phrase «other qualified educational expenses»

Money from a scholarship or grant is generally not taxable income as long as you are a candidate for a degree at a qualified educational institution AND the amounts you receive are used for tuition, fees, or other qualified educational expenses (books, supplies, equipment, and other required course materials).

ESAs also can be spent on private school tuition or other qualified educational expenses.

529 college savings plans are great for saving money to pay for tuition, dorms, books, and other qualified educational expenses, but your child won't just have qualified educational expenses.

UESP account funds can be used to pay for tuition, fees, books, supplies, and other qualified educational expenses without tax penalty at many higher education institutions outside the United States.

The Education Corps is designed to provide tutoring and after - school support but not necessarily to train future teachers.92 The VISTA program matches corps members with a nonprofit organization to perform capacity building and provides yearlong stipends, but it is not intended for provision of direct services.93 The Professional Corps, which specifies teaching as one of its qualified positions, allows participants to access Segal AmeriCorps Education Awards — which recipients can use either for loan forgiveness or for paying tuition and other qualifying educational expenses — but increases residency program costs because residents are prohibited from receiving stipends through AmeriCorps and must therefore be paid through their program or the school district.94 None of these programs were designed for supported entry specifically; thus, programs dedicated to providing a gradual on - ramp to the teaching profession can sometimes find it hard to meet their definitions and requirements.

Not exact matches

Parents must sign an agreement that says they will use at least a portion of the ESA funds to provide an education in, at a minimum, English language arts, mathematics, social studies and science, use the scholarship funds only for qualifying educational expenses, and not use funds to purchase nonallowable computer hardware, other technology or consumable educational supplies or on tuition at a higher education institution or a noneligible nonpublic school.

Someone other than you, your spouse, or your dependent (such as a relative or former spouse) may make a payment directly to an eligible educational institution to pay for an eligible student's qualified education expenses.

Also, in limited circumstances, even qualified withdrawals may be taxed depending on the expense the funds were used for, as well as if any other «tax - free educational benefits» (Coverdell ESAs, Hope / Lifetime Learning Scholarships, etc.) were used.

There's stuff like laundry, food, and other personal expenses that don't qualify as educational.

Eligible colleges or other post-secondary institutions must send Form 1098 - T to any student who paid «qualified educational expenses» in the preceding tax year.

Your obvious argument would be if part of your private student loans was used for expenses other than qualified educational expenses.

The account's earnings will be tax - free, and withdrawals will not be subject to taxation unless you choose to withdraw the money and use it for something other than qualifying educational expenses.