Hey guys, welcome back to Money in Life TV. My name is Mike, and this is my sidekick Chipper. I know many of the subscribers and viewers of this channel are in college or are about to attend college. So, my goal today is to help you understand when you have to pay taxes and when you don't on your scholarship and grant money. That's the goal for this video. If you guys enjoy the video and get something out of it, don't forget to hit that like button. Now, let's get started. Alright guys, this is a really cool topic, and a lot of people get scholarships. First of all, I just want to talk about scholarships and grants and say if you were able to get one, congratulations! That is fantastic news for you, my friend, because that is less money that has to come out of your pocket to get a higher education. Less money that has to go towards student loans. So, congrats on getting those scholarships. And really, it's one of the best ways to pay for school, in my opinion. It is much more effective than working to pay for school if you don't have to. I worked my way through school, but if you can get scholarships, that is your golden ticket. Now, let's talk about scholarships and grants. I thought I should sit down for this one because I have some visuals on the screen, and I want to show you. The visual you're looking at right now on the screen is Publication 970. This is like the Bible for education tax deductions. So, make sure to check it out. All of the information from this video is coming from here. So, make sure to read more about scholarships and scholarships are all in...
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