1098-T Tax Overview and FAQs
Form 1098-T is a tuition statement (unlike the W-2, which is an income statement) that reports the amount paid toward qualified tuition and related expenses during a given calendar year. The 1098-T also reflects the total amount of scholarships, fellowships and/or grants that have been credited to your student financial account during that year. Please note that because Form 1098-T covers a full calendar year, it may include financial transactions from terms across academic calendars.
The primary purpose of the 1098-T is to help determine a student’s eligibility to claim an education tax credit. The two education tax credits are the American Opportunity Tax Credit and the Lifetime Learning Credit. Please find eligibility details and guidelines in IRS Publication 970.
How to access your 1098-T online
1. Log into Axess (student role)
2. My Finances > Pay & Tax Statements > 1098-T
3. Click "grant consent" (look for the rectangle toward the bottom right of the screen)
4. Read the agreement, click the checkbox and then click submit.
5. Download your 1098-T.
1098-T Eligibility and Access
How to Interpret the 1098-T
Other Tax Forms and Taxable Income
Note: The University cannot provide tax advice, please consult with a professional tax advisor.