If i get a refund check from my school will i have to pay taxes on the money if the money is from fasfa?

Question

If i get a refund check from my school will i have to pay taxes on the money if the money is from fasfa?

Answer 1

Not likely.  usually left over money is loan money and this is NEVER taxes because it is not income.  If you have refund money left over from grants, say Pell grants this is also not normally considered income because it is used to pay for related school costs and not included in your "Adjusted Gross Income" when you do taxes.