Which of the following statements concerning financial aid programs for education funding is correct?IncorrectA. Qualified education expenses for the purpose of tax$-$free scholarships and fellowships include tuition and fees, room & board and course related expenses.Correct AnswerYour AnswerXB. If a scholarship or fellowship is intended to compensate the recipient for teaching or research, then a portionBmay be included in taxable income.CC$.$ Federal Pell Grants may be allocated towards living expenses.DD$.$ Campus based aid is available to all students that meet the eligibility criteria.