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1098-T Tax Forms

The 1098-T tax form includes information that colleges and universities are required to issue for the purpose of determining a student's eligibility to receive the American Opportunity Credit or Lifetime Learning education tax credits. See below for frequently asked questions about this form.

As each student's tax liability is subject to various personal factors, student and parents are encouraged to seek additional information directly from the IRS or their personal tax adviser. St. Norbert College cannot provide tax related advise or recommendations.

Eligible students will receive an email notification in January when their 1098-T Tax Information is available in KnightLine.  Parents or individuals with Proxy authorization to the students 1098-T Tax Information will also receive an email notification.

If you feel it is necessary to have a paper form mailed you must complete the Opt Out Form and return it to the Bursar Office in TWH 128 or email it to bursar@snc.edu.  Please note that the 1098-T tax form will not be faxed, emailed or handed out in the office.

Frequently Asked Questions

What is a 1098-T Tax Form?

The 1098-T form includes information that colleges and universities are required to issue for the purpose of determining a student's eligibility to receive the American Opportunity Credit or Lifetime Learning education tax credits. More information can be found at http://www.irs.gov/newsroom/article/0,,id=213044,00.html

How will I receive my 1098-T Tax Form?

We will notify students and any authorized proxy by email when the 1098-T tax information is available on KnightLine. The 1098-T tax information can then be accessed in KnightLine to view and/or print off. If you feel it is necessary to have a paper form mailed to you, it is required that you complete the Opt Out Form and return it to the Bursar Office no later than December 31st of the tax year. If you choose to opt out of the electronic copy, then you will not receive the email notification. An Opt Out Form will be required for every tax year for a paper 1098-T Tax Form to be mailed. 

Note, you don't need a copy of the form to be filed with your tax return. We transmit the same information electronically to the IRS.

Why did I receive a 1098-T Tax Form?

Educational institutions are required by law to report to students either payments received during the calendar year OR the amount of qualified tuition and related expenses that have been billed to the student during the calendar year. 

St. Norbert College reports the qualified expenses billed during the calendar year; payments received are not recorded on this form.

What information can be found on the 1098-T Tax Form?

Box 2- Amount billed for qualified tuition and related expenses:

  • The IRS defines this as tuition and eligible fee charges that were posted to your college bill between the dates of January 1st and December 31st.  Please note that housing costs and books are not eligible charges, and therefore not included in this amount.

Box 5- Scholarships or grants:

  • The IRS defines this as any financial aid (excluding loans) that were posted to your college bill between the dates of January 1st and December 31st, regardless of the semester for which it was awarded.   It also includes all payments received from 3rd parties (excluding family members and loan proceeds.) This includes payments received from governmental and private entities.

Why is Box 1 blank?

Box 1 is blank because we do not report payments on the 1098-T Tax Form. Rather, we report tuition and eligible fee charges as mentioned above.  

How do I use the 1098-T Tax Form for tax purposes?

St. Norbert College encourages you to contact a tax professional regarding the application of this form to your taxes.  For the IRS 1098-T form definition click here. The IRS web site (www.irs.gov) also provides information about this form. Publication 970, Tax Benefits for Education can be obtained on that web site or by calling the IRS at 1.800.829.1040. Employees of the college cannot provide tax advice.

How do I know if I should have received a 1098-T Tax Form?

1098-T Tax Forms are only processed for students whose eligible tuition and fee charges exceed the awarded scholarships and grants.

1098-T Tax Forms will not be generated if:

  1. Scholarships/grants exceed qualified tuition and fee charges
  2. Qualifying tuition and fees were covered by a formal billing arrangement with another institution, your employer or a governmental entity
  3. You have a residency status that categorizes you as a nonresident or foreign student

When will I receive my 1098-T Tax Form?

We are required to have 1098-T tax information available by January 31st. We will notify students by email when the information is available on KnightLine.

How can I obtain a copy of my 1098-T Tax Form?

Your 1098-T Tax Form is available on the student’s KnightLine account.

     Students:

  1. Log into KnightLine Account
  2. Select “Bursar” tab
  3. Select “Tax Notification-1098T” and enter Tax Year

     Proxy:

  1. Log into KnightLine Proxy Access
  2. Select tab with student’s name
  3.  Select “Bursar: Tax Notification -1098T” and enter Tax Year 

How may I receive information on my spouse's or child's 1098-T Tax Form?

This information is part of the student's private educational records which are protected The Family Educational Rights and Privacy Act (FERPA). We are unable to disclose information to anyone without written consent by the student. If a student wishes to release this information they will need to have been granted access via KnightLine proxy access, or print and forward a copy to you.