International Tax Policy: If you are a scholarship student-athlete, you should be aware that the Internal Revenue Service (IRS) has laws requiring tax payment on awards which pay part or all of your room and board. For a candidate for degree, you will not be withheld on a qualified scholarship from U.S. sources granted and paid to you. A qualified scholarship means any amount paid to you as a scholarship or fellowship grant to the extent that, in accordance with the conditions of the grant, the amount is to be used for the following expenses:

  • Tuition and fees required for enrollment or attendance at an educational organization, and
  • Fees, books, supplies, and equipment required for courses of instruction at the educational organization.

 

The payment of a qualified scholarship to a nonresident alien is not reportable and is not subject to NRA withholding. However, the part of a scholarship or fellowship paid to a nonresident alien which does not constitute a qualified scholarship is reportable on Form 1042-S and is subject to NRA withholding. For example, those parts of a scholarship devoted to travel, room, and board are subject to NRA withholding and are reported on Form 1042-S. The withholding rate is 14% on taxable scholarship and fellowship grants paid to nonresident aliens temporarily present in the U.S. in “F,” “J,” “M,” or “Q” nonimmigrant status. Payments made to nonresident alien individuals in any other immigration status are subject to 30% withholding.

To learn more about tax requirements visit http://www.irs.gov/pub/irs-pdf/p515.pdf. The tax payments will be put on your NKU tuition bill and are payable through the Student Account Services Office which is located on the 2nd floor of the Lucas Administrative Center building.

Medical Insurance Policy: http://nkunorse.com/sports/2010/7/12/GEN_0712105025.aspx?id=60