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Javier was recently accepted into the Southern Baptist Theological Seminary's M . Div. program. Upon receipt of his acceptance letter, Javier received a $ 5

Javier was recently accepted into the Southern Baptist Theological Seminary's M.Div. program. Upon receipt of his acceptance letter, Javier received a $50,000 academic scholarship, which covered $30,000 in tuition and $20,000 for room and board at the academic institution.
The entire amount of the scholarship will be excluded from Javier's gross income pursuant to Section 117.

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