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Are pell grants considered income?

Anonymous
Posted by Anonymous
  • 13 Replies
I have to amend my taxes and I'm worried my pell grant will hurt how much taxes I get back?
Posted by Anonymous on Feb. 6, 2013 at 10:31 PM
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Replies (1-10):
Anonymous
by Anonymous on Feb. 6, 2013 at 10:32 PM
I think so.
Beth3721
by Silver Member on Feb. 6, 2013 at 10:33 PM

not income

Amy_M
by Silver Member on Feb. 6, 2013 at 10:34 PM

um, no.

Lorriane
by Member on Feb. 6, 2013 at 10:35 PM

No it is not income. 


RandiBear
by Gold Member on Feb. 6, 2013 at 10:37 PM

No. No student loans or grants are considered income. I thought the same thing last year and the lady who did our taxes said it doesn't change anything.

Anonymous
by Anonymous - Original Poster on Feb. 6, 2013 at 10:47 PM
So whatever I'm getting back the grant won't change it?


Quoting RandiBear:

No. No student loans or grants are considered income. I thought the same thing last year and the lady who did our taxes said it doesn't change anything.


RandiBear
by Gold Member on Feb. 6, 2013 at 10:51 PM

Not unless something changed since last year. It didn't change anything for us. She said the only thing that could change anything is it could get us MORE once I start paying my loans back if I can prove what I paid for books and school supplies. So keep all your receipts for things like a computer for school, any books, supplies, ink for printer, etc.

mrscass0416
by Gold Member on Feb. 6, 2013 at 10:52 PM
No.
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tharealty2
by on Feb. 6, 2013 at 10:52 PM

no

Mommytorn
by on Feb. 6, 2013 at 10:55 PM
Yes a pell grant IS considered income because whatever is leftover after payin tuition is given to you!!
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