We report amounts billed during the tax year which includes tuition, mandatory student fees and course and program fees. We decided to report amounts bills, Tuition Statement Box 2, at the inception of the Form 1098T reporting requirement and have continued to report under this allowable method. We do not report Tuition Statement Box 1, payments received. It is the taxpayer’s responsibility to determine the amount of qualified tuition and fees paid and to determine whether they are eligible for any tax credits.
Room and board, books, equipment, insurance, optional fees or other personal living expenses are not reported.
To help the student and the IRS determine if the student qualifies for these tax credits, we are required to indicate whether the student was enrolled at least half time for one semester during the calendar year. The IRS also requires the university to indicate if the student was enrolled exclusively in graduate level courses. If this indicator is marked, it could mean the student is not eligible for the American Opportunity Credit. Please see Tax Breaks for Higher Education for credit requirements.
Forms are online by January 31 for the previous tax year. Students can print the form and provide it to parents or others who may be eligible to claim them as a dependent, if applicable. We cannot provide 1098T information directly to anyone other than the student (see FERPA).
For more information about electronic delivery of 1098T tax forms, see Consent to Conduct Business Electronically.
Students are required by federal law (Section 6109 of the Internal Revenue Code) to provide a Social Security number (SSN) or Taxpayer Identification number (TIN) to the University of Colorado Boulder for tax purposes. If we do not have a U.S. SSN or TIN for you, the Office of the Registrar will send you an email twice a year requesting that you mail, fax or hand-deliver a completed and signed Social Security Number/Taxpayer Identification Number Update Form to the Office of the Registrar.
Do not email SSN/TIN information. Email is not secure.
For tax advice regarding your specific situation, contact a tax professional. For additional information, call the IRS at 800-829-1040.
The lender or student loan servicer is required by the IRS to mail the 1098E form to you by January 31. This form is not issued by the University of Colorado. You can find out more about IRS Form 1098E on IRS Publication 970. Please direct questions to your lender or student loan servicer. Find information about your loan on the National Student Loan Data System or find the phone number for your servicer at StudentLoans.gov.
For detailed information on the student loan interest deduction, see IRS Publication 970. For tax advice regarding your specific situation, contact a tax professional.