1098T FAQ

The 1098T form is used to report information to you and to the IRS as required by the Taxpayer Relief Act of 1997. We are required to submit general student enrollment information and financial data for the corresponding calendar tax year. The information we include is student name, address, social security number or tax identification number, enrollment status, and academic status. We also report the amount that we billed you during the calendar year for qualified tuition. We further report any scholarship or grant amounts, and, if applicable, adjustments to prior year qualified tuition and/or adjustments to prior year scholarships. For more information about the 1098T, review irs.gov/pub/irs-pdf/i1098et.pdf.

For information about educational tax credit eligibility, please review irs.gov/uac/Am-I-Eligible-to-Claim-an-Education-Credit%3F. KGI employees cannot assist you with your specific tax questions, so you should consult with a qualified tax professional if you need assistance.

No, it is a report of amounts you have already been billed for. It is used to help you determine whether you may be eligible for certain federal or state income tax benefits.

No. However, if financial aid, grants or scholarships exceed the amount of tuition and other qualified expenses, you might need to report the difference as income. Consult a reputable tax advisor for professional advice.

Keck Graduate Institute is required to provide a 1098T to students who are U.S. citizens, were enrolled at least halftime at any point during the calendar year, successfully completed their courses enrolled, and whose eligible tuition and related charges were not completely covered by financial aid. Educational loans are not included in the 1098T totals.

The law requires that we provide your 1098T by January 31 for the prior calendar year. Your 1098T will be available to download from the KGI Student Portal by January 31.

Contact student_accounts@kgi.edu if you are unable to download your form or have any questions.

We do not automatically prepare a 1098T under these circumstances:

• Your financial aid (not counting loans) is more than the tuition charged for the calendar year
• You are not a U.S. citizen
• You withdrew from all your classes
• You were not enrolled at least halftime for any academic term during the calendar year
• You did not receive academic credit because of withdrawal or failure to successfully complete classes
• We may not have your social security number

Institutions may elect to report EITHER the aggregate amount of payments received for qualified tuition and related expenses (box 1), OR the aggregate amount billed for tuition and related expenses (box 2) during the calendar year, but NOT BOTH. Once an institution selects a reporting method, that method must be used for all students.

KGI reports in Box 1, payments received for qualified tuition & related expenses during the prior calendar year.

Unfortunately, we cannot. IRS regulations state that we must use the same reporting method for all students.

KGI staff are not qualified to offer tax advice, please consult your tax professional.

Qualified tuition and related expenses are:

• Tuition for classes you enrolled in and received academic credit for
• Required class fees such as lab fees

We report all payments posted to your account on or after January 1 and on or before December 31 of the calendar year.

Generally, they do NOT include payments for:

• Books
• Room and board
• Student activities
• Athletics (unless the course is part of the degree program)
• Insurance
• Equipment
• Health Center fees
• Parking fees or vehicle fines
• Other similar personal, living or family expenses.