March 30th, 2007
Question: I am a veteran that receives the G.I. bill every month while in college. I am wondering if the total amount of G.I. bill for the year needs to be disclosed for tuition if I use my G.I. bill for living expenses and not tuition because i am getting loans to cover that.
Answer: Financial aid is determined based on all income both taxable and non-taxable. Therefore, yes you will need to report the amounts received because of the G.I. bill for financial aid.
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