Finance Exam Prep

Ran Chen, EA, CFP®

Podcast

Episodes

Listen, download, subscribe

Apple Podcasts

Enrolled Agent Exam [Part 1] 93, Scholarships, Fellowships, and Educational Assistance

4/18/2026 • 3 min

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • How to distinguish between tax-free qualified education expenses like tuition and fees, and taxable non-qualified expenses like room and board. • That funds requiring a student to teach or perform research are considered fully taxable compensation for services, not a tax-free scholarship. • The application of the annual exclusion limit of $5,250 for educational assistance benefits provided by an employer. • That only students who are candidates for a degree are eligible for tax-free treatment of their scholarships for qualified expenses. • Why the taxable portion of a scholarship can create an income tax filing requirement for a student, even if they are a dependent. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep

Finance Exam Prep RSS Feed

Share: Twitter • Facebook