Savannah State University is required to file Form 1098-T for each student who is enrolled for any semester during the calendar year. For more information about the deduction or credit see IRS Publication 970, Tax Benefits for Education [PDF], Form 8863, Education Credits, and the Form 1040 or 1040A instructions.
Starting with tax year 2018, federal law has changed the reporting requirement for each University. The University must report payments received for qualified tuition and related expenses. We also report any scholarships/grants you received (free money not required to be paid back) on the 1098-T form (Box 5). We will now report out of pocket payments received (Box 1) on the 1098-T form, and not charges billed (Box 2). This includes cash, check, credit card, and loan payments.
The following is an explanation of the information Georgia State reports:
- Filer’s Name and Address box:The University’s address (Student Accounts address) is printed in this box.
- Filer’s Federal Identification Number box:The university’s FEIN and a contact phone number (1-877-467-3821) are printed in this box. Students can contact this phone number (ACS’s customer service phone number) if they have any questions pertaining to their Form 1098-T.
- Student’s Social Security Number box:The student’s social security number is printed in this box. Only the last four digits are printed on the form. If the student did not provide a SSN, there will be no SSN reported.
- Student’s Name and Address boxes:The student’s name and mailing address (MA) are printed in these boxes (if the mailing address field is not populated in Banner, the address hierarchy looks for permanent address.)
- Box 1:This box contains the total amount of payments received during the calendar year for qualified tuition and related expenses, which is defined as “tuition and fees that a student must pay to be enrolled at or attend an eligible educational institution.”
- Box 2:**As of tax year 2018, no longer required to report this information** This box contains the total amount that was billed during the calendar year for qualified tuition and related expenses, which is defined as “tuition and fees that a student must pay to be enrolled at or attend an eligible educational institution.”
- Box 4:This box contains any payment adjustments that were made during the calendar year for a prior calendar year.
- Box 5:This box contains the total amount of scholarships/grants received during the calendar year for the payment of the student’s costs of attendance.
- Box 6:This box contains any scholarship/grant adjustments that were made during the calendar year for a prior calendar year.
- Includes January-March: This box is checked if the amount in Box 1 includes amounts for an academic period beginning January – March of the following year.
- Half Time Enrollment: This box is checked if the student was enrolled in 6 or more credit hours in the fall semester, spring semester, and summer semester.
- Graduate Student: This box is checked if the student was a graduate student during the tax year.
