Student Tuition Statement, Federal Form 1098 T

The Federal Form 1098-T is a Student Tuition Statement, detailing qualified tuition and related expenses. Educational institutions use it to report payments received, scholarships, and adjustments, helping students and taxpayers in claiming education-related tax benefits.

Form 1098-E (Student Loan Interest Statement)

  • File if you receive student loan interest of $600 or more from an individual during the year in the course of your trade or business.
  • The $600 threshold applies to each borrower, and you can file separate forms for each loan or combine them into one.
  • Reportable student loans include federal, state, or local government programs and those certified by the borrower for qualified higher education expenses.
  • Revolving accounts like credit cards must be reported if the borrower certifies that proceeds are used for qualified higher education expenses.

Form 1098-T (Tuition Statement)

  • File if you are an eligible educational institution, reporting qualified tuition and related expenses for enrolled students.
  • Exceptions include courses with no academic credit, nonresident alien students (unless requested), and expenses entirely waived or paid with scholarships.
  • Report academic credit, not personal expenses like room, board, and insurance.
  • File for each student enrolled during the academic period.

For a detailed overview of the Instructions for Forms 1098-E and 1098-T, please refer to the attached PDF below.