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Understanding Your 1098-T

The 1098-T statement shows the types of payments allocated to your eligible charges.

  • Box 1 reports the qualified tuition and related expenses paid during the calendar year.
  • Box 4 adjustments made to qualified tuition and related expenses calculated in a prior year.
  • Box 5 reports the total of scholarships or grants administered or processed during the calendar year.
  • Box 6 reports adjustments made to scholarships or grants reported on a prior year form.

*The information listed on IRS Form 1098-T may be different than the amount you actually paid towards Qualified Tuition and Related Expenses.  We strongly recommend seeking professional tax assistance when claiming an education tax credit. 

Payments applied to non-eligible charges do not appear on this statement.
Tuition charges are included on the 1098-T; examples of charges not included are: Room & Board, Health Insurance, Personal Expenses, and Books & Supplies
Illustration: Payments applied to tuition charges are included on the 1098-T statement; examples not included are payments applied to charges for room & board, health insurance, personal expenses, and books & supplies.