Tax Form 1098-T Tuition Statement

Box 1 of Form 1098-T reports the qualified tuition and related expenses paid during the calendar year. The amount reported is the total amount of payments received less any reimbursements or refunds made during the calendar year that relate to the payments received for qualified tuition and related expenses during the same calendar year. Qualified tuition and related expenses are sometimes referred to as qualified education expenses, although the terms are not always interchangeable. For purposes of the Form 1098-T provided by Webster University, the following categories of charges are included or not included in qualified tuition and related expenses:

Webster University reports Box 1 the amount of qualified tuition and related expenses that were paid during the calendar year. In general, qualified tuition and related expenses are considered to be billed in the year in which the course is held (i.e. Spring 2021 courses are reflected in 2021).

Qualified Tuition and Related Expenses Are Reduced by current year reductions in billed amounts for semesters billed during the calendar year. For example, a reduction due to withdrawal from classes. The reductions may or may not have resulted in a refund, depending on whether the billed amounts had been paid prior to the reduction.

In addition, if you participated in our study abroad program from one of our affiliated school partnerships, your tuition and fees billed directly and paid by your school are not included. You will receive a 1098-T directly from your school for these tuition and fees. You will need to contact your school to determine your eligibility for a 1098-T tax form.

The amount shown in Box 1 for the amounts paid during the calendar year for qualified tuition and related expenses may represent an amount that is different from the amount actually billed during the calendar year. Under section 25A of the Internal Revenue Code and the associated regulations, a taxpayer may claim an education tax credit only with respect to qualified tuition and related expenses actually paid during the calendar year. You may not be able to claim an education credit with respect to the entire amount billed. Please use the student account charge and payment transaction history to determine qualified tuition and related expenses that were paid during the calendar year.

Box 4 represents a reduction made to amounts billed for qualified tuition and related expenses that were reported for a prior calendar year. For example, if you received a tuition waiver for a tuition billed in Fall 2020 in calendar year 2021, Box 4 reports the decrease in billed tuition due to the waiver. The amount reported in Box 4 for adjustments to qualified tuition and related expenses may reduce any allowable education credit you may claim for the prior year. See IRS Form 8863 (PDF) or IRS Publication 970 for more information.

Box 5 of Form 1098-T reports the total of scholarships or grants administered and processed by the Webster University Financial Aid Office during the calendar year and payments received from third parties such as the government or your employer . For purposes of the Form 1098-T provided by Webster University, the following categories are included or not included in scholarships or grants:

The amount of any scholarships or grants reported for the calendar year and other similar amounts not reported (because they are not administered and processed by Webster University) may reduce the amount of any allowable education credit to which you are entitled.

Box 6 of Form 1098-T reports reductions, reversals and returns of scholarships, grants and government and employer payments reported on a prior year Form 1098-T in Box 5. The amount reported in Box 6 for adjustments to scholarships or grants may affect the amount of any allowable education credit you may claim for the prior year. See IRS Form 8863 for how to report these amounts.

There are three additional information Boxes that may have a check mark in them.

Box 7 indicates, if checked, that Box 1 includes amounts for an academic period beginning in the next calendar year. For example, if you registered and paid for the upcoming Spring semester during December, this Box will be marked.

Box 8 shows whether you are considered to be carrying at least one-half the normal full-time workload for your course of study at Webster University for at least one academic period during the calendar year. If this Box is marked, you meet one of the requirements for the Hope tax credit. You do not have to meet the workload requirement to qualify for the lifetime learning credit.

Box 9 shows whether you are considered to be enrolled in a program leading to a graduate degree, graduate-level certificate or other recognized graduate-level educational credential. If you are enrolled in a graduate program, you are not eligible for the American Opportunity credit, but you may qualify for the lifetime learning credit.