Dartmouth Basketball Team votes 13-2 to join Union

[muwarrior69]

Are scholarships taxable?

There would certainly be tax implications if the athletes are deemed to be employees. Would they also be responsible for Social Security taxes, too?

Ivy League does not offer athletic scholarships. If I read the rules that Dartmouth has for employees, if the cost of courses exceeds 5K the amount over 5K would be considered taxable income.

[lawdog77]

Sure, but being admitted and being given an athletic scholarship are not the same.
Of course, there are other forms of financial aid they can (and do) offer athletes. But technically speaking, they're not athletic scholarships.

If it walks like a duck... Average student who can dunk a basketball gets a full "academic" or "of need" scholarship.



On a side note, I think one thing the union will push for is the ability to play as a grad student.

[dgies9156]

Guess that means college athletic scholarships are now taxable.

[WhiteTrash]

I do know first hand, and there have been articles written, that PE firms are raising funds to take a position in college teams. How will this affect what is going on?

I would think that this will further define them as for profit enterprises.

[Pakuni]

Guess that means college athletic scholarships are now taxable.

Why?

[The Sultan]

Why?

Right.  And its hardly unprecedented. Teaching assistants and research assistants are often unionized. They can receive scholarships and a stipend free of federal income tax.