Tax Information

Tax Information and Education Credits

Form 1098T
If you were a student between January 1 and December 31 of a specific year and had monies paid on your behalf, we will mail a 1098T form to your billing address. Students can only claim amounts that were paid out of pocket (not covered by financial aid) between January 1 and December 31 of a specific year towards that year’s taxes.

The 1098T forms will only appear under the student’s name. If the student is claimed as a dependent on his or her parents’ taxes, they are eligible to claim the credit instead of the student.

A student must be a registered college student to be eligible for either tax credit. For example, high school students taking college level courses for dual credit are not eligible.

While the University may provide you with information about your Form 1098T, we cannot provide tax advice or assistance in determining whether you are eligible to claim the credit or how to claim if you are eligible. For information and assistance in the calculation of any applicable educational credit or in the preparation of your income tax return, please contact a tax professional.

For a duplicate copy please visit www.1098t.com.


Hope Scholarship Credit
A Hope Scholarship Credit is available for payment of any student’s first two years of post-secondary tuition and related expenses. The Hope Credit is 100 percent of the first $1,000 of expenses (not including room and board and books) and 50 percent of the next $1,000. You can claim the Hope Credit for each eligible student in your family. Students must be enrolled at least half-time to qualify for the Hope Credit. This credit is phased out for joint filers with an AGI of $105,000 or less, and single filers with an AGI of 52,000 or less (amount stated is for 2004 year end).


Lifetime Learning Credit
The Lifetime Learning Credit can be used for any qualified tuition and expenses for courses to acquire or improve job skills, as well as for undergraduate and graduate level courses at any eligible educational institution. This credit is 20 percent of up to $10,000 of expenses to a maximum of $2,000 per return and is available in any year the Hope Credit is not claimed. This credit is phased out for joint filers with AGI of $105,000 or less, and single filers with an AGI of $52,000 or less (amount stated is for 2004 year end).