Information Release

ST 1992-01 - Financial Aid for Students - March, 1992

This is to reiterate the Department of Taxation's position on the taxability of the fees charged for providing financial aid information.

It is our understanding that students or parents, who desire information on available financial aid, complete a questionnaire that is used as a student profile. This information is data entered and matched against a third party computer database which contains information on financial aid that is available to students based on the student profile. The computer then generates a "list" of available sources of financial aid that matches the student's interest or career goals. This list is either mailed directly to the student or to the provider who will then provide the list, with some additional information, to the student.

It is our opinion that the student is purchasing tangible personal property and is therefore making a purchase subject to the Ohio sales or use tax.

If you have any questions regarding this matter, you should call us at 1-888-405-4039.

Phone: 1-800-750-0750