Student Accounts and Balances (Bursar)

Please note: 

• The electronic version of the 1098-T is available much earlier than the physical form. 
• The physical form is mailed to the primary address in the student’s file and must be postmarked by January 31st. 

A 1098-T document is produced on accounts where payments for qualifying expenses were made during the calendar year in which the charges were incurred. 

What is a 1098-T form exactly? The IRS Form 1098-T is an informational form filed with the Internal Revenue Service to report amounts billed to students for qualified tuition, related expenses, and other affiliated information that were paid during the calendar year the charges were assessed. The primary purpose of the IRS Form 1098-T is to inform a student that we have provided this required information related to their student account to the IRS. 

Why did I receive a Form 1098-T and what am I supposed to do with the Form 1098-T? 

You, or the person who may claim you as a dependent, may be able to file an education tax credit on IRS Form 1040 for the qualified tuition and related expenses that were actually paid during the calendar year. Unfortunately, we cannot provide you with tax advice, so we suggest that you contact your accountant or tax advisor if you have specific questions related to your tax requirements and responsibilities. 

 What do each of the boxes mean: 

• Box 1- reflects payments received during the calendar year not to exceed the total of QTRE (Qualified Tuition and related expenses) 
• Box 4- Adjustments made to a prior year’s billed qualified tuition and related expenses (if applicable) 
• Box 5- Scholarships, Grants, or most Third Party payments (excluding payments from 529 plans) 
• Box 6- Adjustments made to a prior year’s scholarships or grants (if applicable) 
• Box 7- Box 7 is checked if the amount in Box 1 includes payments for an academic period beginning January – March of the following tax year 
• Box 8- Box 8 is checked if the student’s enrollment was half time or greater 
• Box 9- Box 9 is checked if the student was enrolled as a graduate student