Disbursement Services Section (APY)
POLICY 7
Effective Date: 03/01/1998
Last Modified Date: 04/27/2001
General
Degree-seeking students who have been selected to receive a non-service scholarship or fellowship on a periodic basis will receive a monthly payment from the Disbursement Services System. These awards may be made on a semester, academic, or annual basis, but will be paid monthly on the last working day of the month. Checks will be distributed by the Departmental Payroll Representative simultaneously with the monthly payroll checks.
Check Request
Departments awarding non-service scholarships or fellowships should submit an on-line Check Request following the procedures outlined in APY Procedure 1, Check Request.
Taxable Income
The University is not required to, and therefore will not, report these awards to the Internal Revenue Service on Forms 1099 or W-2. Individual recipients of these awards are required to report as taxable income the amount that the award exceeds expenses for tuition, enrollment fees, books, supplies, and equipment required for the course. The tax reporting of this income is the student's responsibility.
Assistance
Questions regarding this policy should be directed to the Director of Accounts Payable at 962-0213.
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