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.

A 1098-T Form is provided to students who are US citizens and permanent residents in a degree-seeking program. Forms are available to students by January 31 each calendar year.

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.