College Scholarship Payout Form 2026

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  1. Click ‘Get Form’ to open the College Scholarship Payout Form in our editor.
  2. Begin by filling out the Scout Information section. Enter your full name, Social Security number, street address, city, state, zip code, phone number, and email address for payment confirmation.
  3. Next, provide your Council Name and Council City & State. Ensure all information is accurate to avoid processing delays.
  4. Read the Terms & Conditions carefully. Check the box indicating your agreement and sign in the designated area. If you are under 18, a parent signature is also required.
  5. Proceed to the University Information section. Fill in the name of your university, contact person at the university, their address including zip code and city, phone number, state, fax number (if applicable), and your Student ID number.
  6. Review all entered information for accuracy before submitting. Remember that payments are processed twice a year on June 15 and December 15.

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Students who receive scholarship or fellowship will see the sum of their eligible awards reported in box 5 on the 1098-T. Fellowship and scholarship support is generally tax-free when applied specifically to the cost of tuition, required fees, books, and some required course supplies or equipment.
Payor organizations are not required to report scholarships or fellowship grants on either Form 1099 or Form W-2 unless the payments were made in exchange for services to the payor organization, regardless of whether the payment is a qualified scholarship. If the payments do represent compensation for services, then
Taxable scholarship funds If you have scholarship money left over after covering your qualified education expenses, youll need to include that amount as part of your gross taxable income. That means scholarship money counts as income when calculating your tax liability when used to pay for: room or board. utilities.
Private scholarships may be sent directly to your college account or directly to you in the form of a check or direct deposit into your bank account. If you win a scholarship and youre not sure how youll receive the moneyjust ask. Your college expects you to tell them about any private scholarship money youve won.
If the cash needs to cover tuition or similar costs, you have to send the money to your college. However, if the scholarship can be used for any purpose or for general education-related expenses, you can keep it in your bank account.

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Scholarships must almost always be used to pay for college-related costs like tuition and room and board. Since you will generally not receive more scholarship money than is needed to cover the cost of your tuition, you should generally use all the money to pay for your college costs.
Generally, you report any portion of a scholarship, a fellowship grant, or other grant that you must include in gross income as follows: If filing Form 1040 or Form 1040-SR, include the taxable portion in the total amount reported on Line 1a of your tax return.
Do not use Form 1099-MISC to report scholarship or fellowship grants. Scholarship or fellowship grants that are taxable to the recipient because they are paid for teaching, research, or other services as a condition for receiving the grant are considered wages and must be reported on Form W-2.

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