SDN Members don't see this ad. (About Ads) I heard from other sources that the stipend is counted toward the annual cost of attendance (i.e. both tuition and living expenses) and if the stipend (before taxes) is more than or equal to the cost of living budget you can not borrow any more in federal loans. This sucks (if it is true) as you will come out short after taxes are deducted. So it seems some schools don't view the stipend as taxable income/wages and tack it onto your total award. Anyone have this happen to them or know if it is true or not?