Business Office Land: Understanding Your 1098-T Tax Form (A Simple Guide for Students)

By: Zoe Lockwood

What is the 1098-T form?

Who receives a 1098-T form?

When and how will I get it?

The 1098-T is a tax form that colleges & universities provide each year. It reports:

Qualified tuition & fees billed or paid, and
Scholarships or grants you received for the tax year

This form can help you (or parents/guardians) determine eligibility for education-related tax credits.

You will receive a 1098-T if:

You were enrolled in courses during the tax year.
You were charged qualified tuition & fees.

Some students may not receive this form if:

Tuition was fully covered by scholarships or 3^rd party payments
Enrollment was for non-credit courses

1098-T forms are available by January 31^st each year.

You can access your form electronically through Campus Web in the Finances tab.

A paper copy will be mailed if you did not choose electronic delivery.

Helpful Reminder

Universities and colleges cannot provide tax advice. For question about how the 1098-T form affects your taxes, please consult a qualified tax professional or the IRS Resource Guide at www.irs.gov.

Woman filing her tax form electronically.

Adress Updated on Campus Web?

Login to Campus Web, click on the upper right section near your photo and select “My profile”. Make sure your address and contact information is up to date to ensure timely delivery!

What Should I do with my 1098-T?

Save it for your records.
Share it with whoever files your taxes (you, a parent, or a tax preparer).
Use it as a reference when preparing your tax return.

What if I See Something That Doesn’t Look Right?

If you believe information on your 1098-T is incorrect:

Review your account statement on Campus Web in the Finances tab.
Contact the Business Office for assistance!

Important!

The 1098-T is not a bill and does not tell you exactly how much you will receive in tax credits.

We hope this guide helps make the 1098-T process clearer and less stressful. If you have general questions about accessing your form, our office is happy to help!

Best wishes for a successful semester!

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