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1098T Frequently Asked Questions

WHAT IS FORM 1098-T?

Form 1098-T is a tax form the ÐÓ°ÉÔ­°æ is required to file with the IRS and provide to each student. The form provides information that assists the taxpayer in determining their eligibility for a tax benefit from either the American Opportunity Credit or Lifetime Learning Credit.

WILL I GET A FORM 1098-T FROM THE UNIVERSITY OF SCRANTON?

 You should receive a 2024 form 1098-T if you were a student taking any course(s) for credit at The ÐÓ°ÉÔ­°æ during the Intersession 2024, Spring 2024, Summer 2024, or Fall 2024, and you are a citizen or permanent resident of the United States of America. You will also receive a Form 1098-T if you were charged and paid for any Intersession 2025 or Spring 2025 course(s) prior to December 31, 2024.

WHEN WILL I RECEIVE MY FORM 1098-T AND HOW CAN I ACCESS AN ELECTRONIC COPY ?

The ÐÓ°ÉÔ­°æ will postmark Form 1098-T’s by January 31st.

A paper copy of the form will be mailed to your mailing address on file with the Registrar’s Office with a postmark no later than January 31st and an electronic copy will be available by following the instructions below no later than January 31st.

You can obtain an electronic copy of your form by completing the following steps:

  • Login to the my.scranton portal
  • Locate the Bursar Card
  • Click on Tax Notification
  • Select Tax Year 2024

WHAT HAPPENS IF AMOUNTS REPORTED ON A PRIOR YEAR’S ÌýFORM 1098-T WERE ADJUSTED THIS YEAR?

In general, Form 1098-T will include amounts in Box 4 (prior year adjustments to amounts billed or payments received for qualified tuition and related expenses) and Box 6 (prior year adjustments to scholarships and grants) if you had a change for any prior year 1098-T reported amounts.    

ÌýWHY IS BOX 2 BLANK?

In previous years, your 1098-T included a figure in Box 2 that represented the qualified tuition and related expenses (QTRE) the ÐÓ°ÉÔ­°æ billed to your student account for the calendar (tax) year. Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, the ÐÓ°ÉÔ­°æ will report in Box 1 the amount of QTRE you paid during the year.

WHERE CAN I GET THE LIST OF ALL THE TRANSACTIONS ON MY TUITION ACCOUNT?

  • Login to the my.scranton portal
  • On the Bursar Card click on Access Nelnet Business Solutions
  • Click on Transaction Details (transactions are sorted by term and dates are listed in the first column)
  • This summary can be printed by clicking on Print in the upper right hand corner.  

If you are an Authorized Party through Nelnet Business Solutions you can obtain this by logging in at .  

WHY IS MY PAYMENT AMOUNT IN BOX 1 LESS THAN THE TOTAL PAYMENTS I MADE DURING THE TAX YEAR?

The amount of your payments reported in Box 1 is the total amount of payments received less any reimbursements or refunds made during the calendar year.  The amount is limited by the total amount of Qualified Tuition and Related Expenses billed during the same calendar year.

WHAT IS INCLUDED AS PAYMENTS IN BOX 1?Ìý

Payments in Box 1 include all your personal payments and educational loans, as well as most scholarships and grants limited by the total amount of Qualified Tuition and Related Expenses billed during the calendar year.

WHERE CAN I GET ADDITIONAL INFORMATION ABOUT WHETHER I’M ELIGIBLE FOR ANY TAX BENEFITS?

As in all matters related to the tax implications of education expenses, The ÐÓ°ÉÔ­°æ will be unable to advise parents and students. The ÐÓ°ÉÔ­°æ cannot determine if you are eligible for either of the credits or the amount of credit for which you may qualify. We strongly encourage you to speak with a qualified tax advisor or the IRS. The IRS offers free forms, publications and other information through the following sources:

  • IRS general website                              
  • IRS Publication 970                               
  • IRS FAQ’s                                                

 

  • 1-800-4Fed-Aid                                       Federal Student Aid Information Center
  • 1-800-USA-Learn                                    U.S. Department of Education
  • 1-800-829-1040                                      Internal Revenue Service

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