<prompt> Human: I recently graduated college and received approximately 10,000 as a gift to pay against my student loan principle. My problem is not knowing if depositing this money will affect my financial standing in any way, since I am on Medicaid. Any thoughts or suggestions would be super helpful.  <response>: Gifts dont affect your taxes; it is not considered income.Medicaid eligibility is based on income, not assets.Some forms of Medicaid such as if you are disabled are based on SSI eligibility methodology. 