Eligibility & Policies
Tax Withholding
- Internal Revenue Service classifies grant aid in excess of tuition and mandatory fees as taxable income and requires Cornell to withhold 14% in taxes if you are a non-resident alien and not eligible for exemption from taxes under a tax treaty.
- You will receive a form 1042-S that shows the amount of grant aid in excess of tuition and fees. These are mailed out from Cornell University’s Tax Compliance Office.
- You may receive all or part of these taxes back when tax returns are filed for the calendar year.
- If this withholding creates a hardship, please contact a staff member at the Office of Financial Aid and Student Employment.