Under provisions of the 1986 Tax Reform Act, any portion of a scholarship or grant that you receive from The CIRI Foundation that is applied toward room and board or other personal expenses is taxable. It is the student’s responsibility to determine what part, if any, of the award is taxable and to report such amounts on your personal income tax return.

As long as you are degree seeking at an accredited institution, the portion of your scholarship or grant award applied toward qualified education expenses (tuition, registration fees, books, supplies, and other fees related to the course(s) of study) continues to be excluded from federal taxable income.

For more information, visit the IRS website.