03-08-2024, 07:40 PM
(This post was last modified: 03-08-2024, 07:45 PM by StanfordMatt.)
dabigv13 & OCcardinal- those are valid points. Thank you.
Wouldn't there be ways around this, though? Colleges and universities award scholarships for all sorts of reasons. If scholarships awarded through the music department are considered non-taxable compensation, what happens if a varsity basketball player happens to be an elite violinist? Could he not be paid an hourly wage for his services to the basketball team and his room & board be considered non-taxable as part of a music scholarship? Some colleges waive tuition payments for students from families with household income under a certain threshold. What if a basketball player would not otherwise be required to pay tuition under this criteria?
Wouldn't there be ways around this, though? Colleges and universities award scholarships for all sorts of reasons. If scholarships awarded through the music department are considered non-taxable compensation, what happens if a varsity basketball player happens to be an elite violinist? Could he not be paid an hourly wage for his services to the basketball team and his room & board be considered non-taxable as part of a music scholarship? Some colleges waive tuition payments for students from families with household income under a certain threshold. What if a basketball player would not otherwise be required to pay tuition under this criteria?