I was wondering if i have to pay taxes on the money i am getting back. I am living at home and have already bought my books with my own money without using the financial aid money. Here is all of my info i have. I live in NYS
Tution Fall- $1,700
College Fee -$118.00
Tech Fee- $25.00
Accident Insurance- $17.00
Paid $50 for deposit
Total - $1,810
Financial Aid
PELL Award- $2,775.00
TAP- $1,662.50
Authorized Financial Aid- $4,437.50
Account Balance net of Authorized Financial Aid- $2,627.50
So do i need to pay taxes on this or not
Tution Fall- $1,700
College Fee -$118.00
Tech Fee- $25.00
Accident Insurance- $17.00
Paid $50 for deposit
Total - $1,810
Financial Aid
PELL Award- $2,775.00
TAP- $1,662.50
Authorized Financial Aid- $4,437.50
Account Balance net of Authorized Financial Aid- $2,627.50
So do i need to pay taxes on this or not