In response to the recommendations of the CDC regarding COVID-19, the financial aid office is limiting in-person interactions at this time. We encourage you to contact your financial aid counselor directly or to arrange a virtual appointment. Our office phone is answered weekdays from 8:00 a.m. – 4:30 p.m. and our office is open weekdays from 9 a.m. – 3:30 p.m. for visitors with brief questions.
Scholarships for Current Students
Scholarships and Taxes
Scholarships may be considered taxable income to you at both the state and federal level. Please refer to IRS Publication 970 (“Tax Benefits for Education”) for more information about the federal income tax implications of any scholarship you have received. International students should refer to IRS Publication 515 (“Withholding of Tax on Nonresident Aliens and Foreign Entities”) for more information about the federal income tax implications of scholarships you receive. The revenue or tax department in the state where you file your state income tax return can provide information regarding the state tax implications of any scholarships you receive.
It is recommended that you keep a copy of all documentation you receive for any scholarships paid to you by the University of St. Thomas or other organizations. St. Thomas will provide you with an IRS Form 1098-T that indicates the amount of any scholarship(s) you received from St. Thomas during the prior calendar year.