Click any of the Frequently Asked Questions below for an answer.
Parents of Current Students
Q: What does the 1098T form mean? Why aren't my payments reflected on the form?
Form 1098T which is called the Tuition Statement is used by colleges and Universities. It used to report student tuition, reimbursements and expenses to the IRS. Each school must file Form 1098T for each student that has paid tuition or received scholarships or reimbursement for tuition. This form does not apply, however, to non-credit courses, or non-resident alien students.
Stevenson University does not report payments on the 1098-T. Stevenson University reports on Amounts Billed for Qualified Tuition and Related Expenses and Scholarships or Grants. These amounts are reported based on the calendar year reporting. Per the IRS, scholarships and grants generally include all payments received from 3rd parties (excluding family members and loan proceeds). This includes payments received from grovernmental and private entities such as the Department of Defense, civic and religious organizations, and non-profit entities.
Please consult with your tax advisor for tax rules for payments on educational expenses.