Courts have employed contract principles and workman's compensation theory in certain cases finding a student-athlete an employee of the institution. Should this impression be expanded and gain widespread judicial acceptance, the Internal Revenue Service could require the inclusion of scholarship amounts in the recipient's gross income.…

The current income tax law's effects on common elements of education financing are discussed, including scholarships, loans, employment, and related issues. In light of recent tax changes that increase the after-tax cost of education, information for maximizing remaining tax advantages is offered. (MSE)

The issue of subminimum wages for full-time students who are working part-time is discussed in this publication of the National Student Association. It is suggested that large corporations and institutions of higher education are benefiting from these low wages, while students trying to finance their education during a time of growing inflation…