No, you do not pay income taxes on student loans because they are debt. You do however need to look into Grants as the laws are different for free money. You do not pay taxes on a LOAN, because it has to be paid back, so it is not income.
In most cases, financial aid for education is not taxable income - grants and fellowships are occasionally taxable at the state level, but loans are almost always not taxable.
not pay taxes make too much money be white
no
no..
You shouldn't have to pay at all.
Job
"Pay you" - no Financial aid - maybe
Financial aid is the umbrella term for any assistance you receive to help pay for expenses related to attending college. Financial aid can include scholarships, grants, fellowships and loans; most students use some combination of the above to pay for college.Financial Aid is a gift of money.
Financial aid is the umbrella term for any assistance you receive to help pay for expenses related to attending college. Financial aid can include scholarships, grants, fellowships and loans; most students use some combination of the above to pay for college.Financial Aid is a gift of money.
Yes, when you pay taxes a part of that goes to the Federal Government. Which technically you are paying for Federal Aid.
In most instances, you should not have to pay for student financial aid - this is a free service offered to all students enrolled at the college/university. However, you may have to pay for student loans depending on your financial situation.
Get a job!
No.