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Harkins Hall, Room 403
One Cunningham Square
Providence, RI 02918
Phone: (401) 865-2286
Fax: (401) 865-1186
finaid@providence.edu

​Taxable Scholarship Notice 

Under current Internal Revenue Service (IRS) regulations, a portion of your grant or scholarship may be considered taxable income, which must be reported on your Federal 1040 tax return.  IRS regulations consider any amount or combination of scholarship, grant and NCAA Special Assistance Fund benefits greater than the amount of tuition, fees, and your cost of books and supplies to be taxable income.

For example (see below), if you received a total of $49,000.00 in grants/scholarships at Providence College in the calendar year 2013, you would have to include approximately $5,932 as taxable income when you file your 2013 Federal 1040 tax return.

The final determination of any tax liability and the payment of tax on your grant/scholarship is your responsibility.  If you or your parents have any questions, you should seek the advice of a qualified tax counsel.

 

Grant/Scholarship Totals
           $49,000
2013 Spring Tuition
-          $20,675
2013 Fall Tuition
-          $21,193
Misc./Books/Fees
-           $1,200
Estimated Taxable Income
         $5,932 

 

 

Catholic and Dominican

What does it mean to be a Catholic and Dominican college? We invite you to explore this question and the distinctive mission of Providence College.
About Providence College's Catholic and Dominican Identity