Are College Scholarships and Grants Taxable?
American philanthropy is often an innovator in social policy, but the recent announcement that Santa Fe Community College will be participating in a guaranteed-income project for 100 low-income students, using a $500,000 grant from Twitter CEO Jack Dorsey, raises many questions. Certainly, poor students warrant attention with respect to their low graduation rate: Nationally, of students from the top quartile of family income, 60 percent will graduate from college, but only 12 percent of those from the bottom quartile will receive a diploma. New Mexico college students, including those at Santa Fe Community College, struggle with low and erratic income, deal with expense shocks and have family obligations, which can impede degree completion.