Why do I need to submit my W-9 when applying for an AP Summer Institute scholarship?
You must submit a valid W-9 for College Board to release your scholarship funds and process your tuition payment. The value of your scholarship is subject to income tax and will be reported on Form 1099. For more information, visit: https://www.irs.gov/taxtopics/tc421.
APSI scholarship payments, made by College Board on behalf of teachers attending an APSI, are not “qualified scholarship” exempt from tax under IRC section 117 because recipients are not students enrolled at a qualified education institution as degree candidates. Under the Internal Revenue Code, the APSI scholarship payments are “prizes” or “awards” that are required to be reported on Form 1099. You may want to consult with your tax advisor as to whether any APSI expenses are deductible against the scholarship income.