Skip to main content

W&L Financial Aid Handbook

Page 20

20

TYPES OF AID NEED-BASED GRANT AND/OR SCHOLARSHIP

Any grant or scholarship such as the W&L Grant, Johnson Scholarship, Pell Grant, VTAG, SEOG, etc., is considered gift aid and does not need to be repaid. There may be specific requirements for renewing the award, and each award may have restrictions or associated benefits. Please see the Applying for Aid in Subsequent Years and Using your Aid/Additional Opportunities sections for more details.

TAXES RELATED TO GRANTS/SCHOLARSHIPS

Scholarships and grants that exceed qualified tuition, mandatory fees, and course-related expenses such as books and supplies may be considered taxable income. Questions regarding the taxability of your scholarships and grants should be directed to the IRS or to a qualified tax consultant.

FEDERAL AND INSTITUTIONAL WORK-STUDY

Work-Study is a financial aid option offered to many Washington and Lee students as a part of their overall financial aid package. If you have been offered Work-Study and wish to work during the 2023-24 academic year, you will need to accept the Work-Study offer listed on your online Financial Aid Notification. Beginning June 5, students who have accepted the Work-Study offer will be sent an email from Student Employment with additional details and a link to the Work-Study application. Work-Study applicants will have the opportunity to review job descriptions and apply for open positions at that time. The priority deadline for accepting your Work-Study offer is May 30.


Turn static files into dynamic content formats.

Create a flipbook
W&L Financial Aid Handbook by Washington and Lee University - Issuu