babyÖ±²¥app

Skip to main content

Understanding Your 1098-T

The 1098-T statement shows the types of payments allocated to your eligible charges.

  • Box 1 contains any financial aid, loan, check, credit card, or wire transfer payments.
  • Box 5 contains any financial aid payments posted in the calendar year.
Payments applied to non-eligible charges do not appear on this statement.
Tuition charges are included on the 1098-T; examples of charges not included are: Room & Board, Health Insurance, Personal Expenses, and Books & Supplies
Illustration: Payments applied to tuition charges are included on the 1098-T statement; examples not included are payments applied to charges for room & board, health insurance, personal expenses, and books & supplies.