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 Frequently asked questions
Tax
- Are my scholarships and grants taxable income on my tax return?
- Generally, scholarships and grants are taxable only when the total
scholarship and grant aid for a calendar year exceeds tuition, books
and supplies for the same period. However, a scholarship or grant
specifically earmarked for living expenses by the donor is always
taxable. For complete information, consult IRS
Publication 970 - Tax Benefits for Education.
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Where can I find information on the Lifetime Learning Tax
Credit?
- The Tax Relief Acts of 1997 and 2001 created several tax credits
to help defray the cost of attending college. The Lifelong Learning
Tax Credit is available to help defray the costs of professional school.
However, it should be noted that you must owe taxes before the credit
applies. Additionally, income cut-offs apply. The most complete information is found at the site below:
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Is interest I pay on my educational loans deductible?
- The Tax Relief Acts of 1997 and 2001 re-established the deductibility
of interest to reduce the amount of adjusted gross income. The most complete information is found at the site below:
Financial Aid Contact Information
Write:
Cheri Marks
Coordinator, Financial Aid
School of Medicine
MA215 Medical Sciences Building
Columbia, MO 65212
Call
(573) 882-2921
E-mail
marksc@health.missourui.edu
Fax
(573) 884-2988
Office hours
8 a.m. to 5 p.m.
Monday to Friday
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