A representation of the Tuition Statement form 1098-T is shown below. This important tax information will be furnished to the Internal Revenue Service. If you have questions about this information, please contact the Bursar's Office at (540) 231-2175. 

Instructions for Student

An eligible educational institution, such as a college or university in which you are enrolled, and an insurer who makes reimbursements or refunds of qualified tuition and related expenses to you, must furnish this statement to you. You, or the person who may claim you as a dependent, may be able to take either the tuition and fees deduction or claim an education credit on Form 1040 or 1040A for the qualified tuition and related expenses that were actually paid in the tax year. Institutions may report either payments received in box 1 or amounts billed in box 2. The amount shown in box 1 or 2 may represent an amount other than the amount actually paid in the tax year. For more information about the deduction or credit, see Pub 970, Tax Benefits for Education, Form 8863, Education Credits, and the form 1040 or 1040A instructions.

Box 1 Shows the total payments received from any source for qualified tuition and related expenses less any related reimbursements or refunds. 

Box 2 Shows the total amounts billed for qualified tuition and related expenses less any related reductions in charges. 

Box 3 Shows whether your institution changed its method of reporting (payments received vs. amounts billed) for the tax year. 

Box 4 Shows any adjustment made for a prior year for qualified tuition and related expenses that were reported on a prior year 1098-T. This amount may reduce any allowable education credit you may claim for the prior year. See Form 8863 or Pub 970 for more information. 

Box 5 Shows the total of all scholarships or grants administered and processed by the institution. Such amounts (including those NOT reported by the institution) may reduce the amount of any allowable tuition and fees deduction or education credit you may claim for the tax year. See Pub 970 for how to report these amounts. 

Box 6 Shows adjustments to scholarships or grants for a prior year. This amount may affect the amount of any allowable tuition and fees deduction or education credit you may claim for the prior year. See Pub 970 for how to report these amounts. 

Box 7 Shows whether the amount in box 1 or 2 includes amounts for an academic period beginning January-March. See Pub 970 for how to report these amounts. 

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 the reporting institution. If you are at least a half-time student for at least one academic period that begins during the year, you meet one of the requirements for the Hope credit. You do not have meet the workload requirement to qualify for the tuition and fees deduction or 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 Hope credit, but you may qualify for the tuition and fees deduction or lifetime learning credit. 

Box 10 Shows the total amount of reimbursements or refunds made by an insurer. The amount of reimbursements or refunds for the calendar year may reduce the amount of any allowable tuition and fees deduction or education credit you may claim for the year.