Form 1098-T Tax Information
Alfred University is required by law to report qualified tuition and related expenses billing during the calendar year using Form 1098-T. The information on the 1098-T can be used by students or parents of dependent children to claim education tax credits against your federal income taxes.
Please Note: The employees of AU cannot provide tax advice or determine eligibility. Please consult your tax professional or visit the IRS website; Publication 970, Tax Benefits for Education, for further information on the American Opportunity and the Lifetime Learning credits.
To view and print your current and/or prior year's 1098-T forms:
- Login to Banner Web
- Click the Tab for "Student Services"
- Click on "Student Records" on the left sidebar
- Click on the link for "Tax Notification"
Your Form 1098-T Will Be Available on Banner Web By January 31
In order for Alfred University to properly submit the Form 1098-T to both the IRS and the student, your correct SSN or Individual Taxpayer Identification Number is required. To add or correct the current SSN on file, please download and complete the Form W-9S and return it to the Student Service Center via fax or in person.
Box 1 includes all forms of payment towards Qualified Tuition & Related Expenses. This includes but is not limited to cash, check, EFT, 529's, scholarships, grants, and loans.
This amount cannot exceed the amount you were charged for qualified tuition and related expenses. (ie: if qualified tuition and fees totaled $30,000 and payments received from all sources totaled $34,000. The total in Box 1 would be $30,000.)
Qualified Tuition and Related Expenses are Tuition, Student Service Fees, and Course Fees.
Non-Qualified items include (but are not limited to) Meals, Housing, Health Services, Parking Passes/Fines, Library and ITS Fines, Lost ID Charges, etc.
Box 5 lists all scholarships, grants, and financial aid (not including loans or fellowships) that you received that were processed on your behalf by Alfred University.
Box 5 may exceed amounts reports in Box 1.