1098-T FAQs

• An explanation of each box is also printed on the back of the 1098-T Tuition Statement.
• The 1098-T Tuition Statement is an informational form filed with the IRS that assists students and their families in calculating educational tax benefits outlined in IRS Publication 970.

Box 1 of the 1098-T Tuition Statement consists of payments (student payments, scholarships, grants, stipends, loans, etc) towards qualified charges for educational expenses, including tuition, course fees, registration fees, and matriculation fees. Qualified charges do not include insurance, medical expenses, room and board, late penalties, transportation, and/or personal living expenses. Box 1 is capped by the total amount of qualified charges for the year.

Box 5 of the 1098-T Tuition Statement consists of scholarships and grants that a student receives during the calendar year. These scholarships and grants could be called tuition awards, tuition fellowships, scholarships, grants, third party sponsorships, stipend payments, stipend fellowships, stipend scholarships, or similar such terms.

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