Tucked away in this retirement bill is a provision to ease college students’ tax burdens

“The tax bill on a full-ride scholarship can be devastating to students from low-income families, said Mark Kantrowitz, publisher and vice president of research at SavingforCollege.com. ‘The parents might be in the 10% or 15% bracket, but the scholarship pushes them to the 37% bracket,’ he said. ‘Since the scholarship is restricted to educational expenses, they can’t use some portion of it to pay the tax.’”