The 1098-T is a statement of
qualified tuition and fees charged by Chapman University that we provide to the student and to the IRS. Since the 1098-T is intended to assist you in calculating your eligibility for a Hope Scholarship, American Opportunity (new in 2009) or Lifetime Learning Credit, "qualified charges" for this purpose are defined more narrowly than they are for other programs, such as a 529 plan.
To assist you in supplementing your own records, we include a summary of all transactions posted to the student account during the calendar year. We cannot adjust your 1098-T qualified charges to include transactions specifically excluded by the Hope Scholarship and Lifetime Learning credit programs such as room and board. We also cannot adjust your qualified charges to include transactions that took place in other calendar years. You must use your own records of payments in addition to the information about qualified charges we provide to determine your eligibility for a tax credit in any given calendar year.
In general, qualified tuition and related expenses are tuition and fees required for enrollment or attendance at an eligible educational institution. Student-activity fees and fees for course-related books, supplies, and equipment are included in qualified tuition and related expenses only if the fees must be paid to the institution as a condition of enrollment or attendance.
Qualified tuition and related expenses do not include:
- the cost of insurance,
- medical expenses (including student health fees),
- room and board,
Qualified tuition and related expenses generally do not include:
- expenses that relate to any course of instruction or other education that involves sports, games, or hobbies, or
- any noncredit course.
However, if the course of instruction or other education is part of the student's degree program or, in the case of the lifetime learning credit, is taken by the student to acquire or improve job skills, these expenses can qualify. If you have any questions about this, please contact ECSI at 866-428-1098, or go to ECSI's website: www.ecsi.net/1098t
IRS regulations require that all institutions assessing qualified charges provide a 1098-T to each student with qualified charges in the year just ended. Chapman University must also file an information return with the IRS for each of these students. We have contracted with a vendor, ECSI, to provide these reporting services for us.