BOX 1: Payments received for qualified tuition and related expenses. This will be BLANK.
Why isn't there an amount in Box 1?
The IRS instructs institutions to report either payments received (Box 1) or amounts billed for qualified tuition and related expenses (Box 2) on the 1098-T. Once an institution has selected one of these options, they cannot change reporting methods between calendar years without IRS permission. Suffolk University reports qualified tuition and related expenses that were billed during the tax year ( Box 2 ); therefore, Box 1 - Payments Received for Qualified Tuition and Related Expenses will be blank.
BOX 2: Amount billed for qualified tuition and related expenses.
What educational expenses are considered as qualified tuition and related expenses?
Qualified tuition and related expenses refer to tuition and required fees, such as lab fees or art program fees, a student must pay to be enrolled. Tuition waivers and remissions are considered reductions to qualified tuition and expenses.
Qualified expenses do not include:
- Amounts paid for any course or education involving sports, games or hobbies unless the course or other education is required as part of the student's degree program or is taken to acquire or improve job skills.
- Charges and fees for room, board, insurance, transportation, personal, living and other family expenses.
- All non-credit courses
Note: other expenses such as textbooks, course supplies, or required computer purchases are not listed here. However, students can claim these expenses when they file their taxes.
BOX 3: Change in reporting method? No Change
BOX 4: Adjustments made for a prior year
This box shows the amount of any tuition and fees reductions in the current calendar year for charges that were billed in a previous calendar year.
BOX 5: Scholarships and Grants
Includes scholarships, grants and, if applicable, payments made by a third party under formal billing arrangements (i.e. outside scholarships, employer provided educational assistance (regardless of taxability), military, etc.) which have been administered by Suffolk. Loans and payments from parents are not included here.
BOX 6: Adjustments to scholarships or grants for a prior year
This box shows the amount of any scholarship, grant, and if applicable, third party reductions in the current calendar year for aid that was credited in a previous calendar year.
BOX 7: If Spring 2017 charges were billed in calendar year 2016, this box will be checked.
BOX 8: Check if at least half-time student
BOX 9: Check if a graduate student
BOX 10: Not in use.