Policy Statement

In 1997, the United States Congress passed the Taxpayer Relief Act of 1997 (TRA’97). A portion of this act provides for tax credits in certain cases for qualified tuition and fees paid to institutions of higher education.

Reason for Policy

TheUniversity of GeorgiaisrequiredbytheInternalRevenueServices(IRS) toissue a1098-Tfor any individual enrolled for any academic period and for whom the institution receives payment of qualified tuition and related expenses during the calendar year  according to the IRS guidelines,Publication970. 

Procedures

No later than February 1, the University of Georgia will provide a Form 1098-T to each eligible student for the previous calendar year. 

The 1098-T will include an indication as to whether the recipient was enrolled at least half-time for at least one academic term during the calendar year and whether the student was enrolled exclusively in graduate level courses.  Also included will be the payments received for” qualified "tuition and related expenses, scholarships and/or grants disbursed, and adjustments made in the prior year’s statement during calendar year being reported. Upon request, the University will provide a supplemental statement that itemizes the totals being reported. . 

Students can access their 1098-T via student account.  Students who did not select the electronic option will receive their statement in the mail.  Students who decide to change their electronic option to receive by mail, will need to mail  a letter to the Bursar’s Office requesting this change. 

Policy Definitions

The 1098-TFormisusedtoreportfinancialinformationin a calendar year about its studentsto theIRS asrequiredbythe TaxpayerRelief Actof1997.Institutionsare required tosubmit tothe IRS a student’s name,address,taxpayeridentificationnumber,enrollmentandacademicstatus, payments received forqualifiedtuitionandrelatedexpensesand scholarshipsand/orgrants received. 
https://www.irs.gov/forms-pubs/about-publication-970 

Responsible University Senior Administrator: Vice President for Finance & Administration

Responsible University Administrator:  Associate Vice President for Finance Division

Policy Owner: Bursar and Treasury Services Division                                          

Policy Contact: Manager, Bursar and Treasury Services

Phone Number: 706-542-2965