What is Form 1098-T?
Form 1098-T is also known as a tuition statement. It is an official document from the Internal Revenue Service (IRS), which your school uses to report qualifying tuition and other related expenses.
Who receives a tuition statement?
Schools and learning institutions are legally required to provide this Form 1098-T to all students who have paid “qualified educational expenses” over the past tax year. Qualifying expenses include tuition fees, program fees, and other enrollment-related expenses.
Why is filing a tuition statement important?
The expenses claimed on Form 1098-T may make you eligible for tax credits, deductions, or other benefits.
How do I find out if I paid qualifying expenses?
If you paid fees to your school over the past tax year and are not sure if those payments fall under Form 1098-T, contact your financial aid office for more information.
How do I access Form 1098-T?
Any institution to which you paid qualifying expenses is legally required to provide you with this form. It may be sent by mail or electronically. If you paid qualifying expenses to more than one school, you should receive more than one form.
What if I don’t receive my tuition statement?
If you paid qualifying expenses but did not receive Form 1098-T, you can access the form through the IRS website. We also recommend directly contacting your school’s financial aid office.
Financial Aid at Goodwin University
Here at Goodwin, we understand that no two students have the same financial situation. That’s why our Financial Aid team helps find and personalize aid packages for eligible students. Learn more about affording your degree the Goodwin way or call 800-889-3282.
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- Enrollment is hassle-free, and it’s easy to get started.
- Financial aid is available, and we’re still accepting applications.
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- If you want to transfer in credits, we can typically review your transcripts of prior learning in less than one business day.
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