Tax Form 1098-T
The Office of Student Financial Services has now made your 1098-T Form available online! This document will be sent to the student, but we have also made it available for you to download.
**Note: If you are a Perkins Loan recipient and signed an electronic MPN (as of Fall 2008), your information will not be available through this website. Your 1098-T will still be mailed to you. Please contact the Office of Student Financial Services if you have any additional questions**
You may also wish to review a related section of our website that has information about Tax Benefits for Higher Education.
Please note that Purchase College and its employees cannot provide tax information, assistance or advice.
Frequently Asked 1098-T Questions
1) What is reported on the 1098-T Form I receive from Purchase College?
Box 2 displays the total amounts billed in 2012 for qualified education expenses that are common to all SUNY schools asbilled to the student during the calendar year.
Purchase College can only include the following information in Box 2*:
- Activity Fee
- Campus Service Fee
- Technology Fee
- College Fee
- Transcript Fee
*As charges for housing, meal plans, and other fees are not common to all SUNY schools, and are not mandatory for enrollment or attendance, Purchase College cannot report this information. Please speak with a tax professional for further inquiries regarding the possibility of claiming these charges on your tax return.
Box 5 reports aggregate amount of scholarships or grants received for an individual's cost of attendance that the institution administered and processed during the calendar year.
2) What is Box 1 and why is it blank?
Box 1 displays the total payments received in 2012 from any course for qualified tuition and related expenses less any reimbursements or refunds made during 2012 that relate to those payments received during 2012. As it is the choice of the institution, Purchase College has chosen not to complete this section, and instead completes Box 2. Please see http://www.ecsi.net/taxSelect/student.html for more information.
3) Why was I not issued a 1098-T Form?
A 1098-T Form is not required to be provided for the following exceptions:
a) Courses for which no academic credit is offered, even if the student is otherwise enrolled in a degree program; and
b) Non-resident alien students, unless requested by the student; and
c) Students who qualified tuition and related expenses are entirely waived or paid entirely with scholarships or grants; and
d) Students for whom we do not maintain a separate financial account and whose qualified tuition and related expenses are covered by a formal billing arrangement between an institution and the student's employer or a government entitiy, such as the Department of Veterans Affairs or the Department of Defense.