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AAU, Associations Urge Treasury Department Not to Tax Student Grant Aid

AAU joined NACUBO and six other associations on a letter to the Treasury Department to ensure that emergency grant aid for students included in the CARES Act is not treated as taxable income or traditional educational grant aid. Instead, the letter urges the department to treat it as “nontaxable qualified disaster relief payment made by Congress to students in response to an ongoing nationwide disaster.”

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