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Student Tax Info
Form 1098-T is a tuition statement. It is an information return that colleges and
universities are required to furnish to students to assist them in determining
their eligibility for the American Opportunity and Lifetime Learning education
credits or Tuition and Fees* deduction.
Frequently, questions are raised regarding the appropriate handling of payments to students. Proper classification of student payments is significant as it directly impacts West Virginia University processing (Financial Aid, Payroll, Accounts Payable) and affects the individual's income tax withholding and reporting.
*
Tuition and fees are usually not the only educational expenses you may have while
pursuing a degree. You may have other costs such as books, supplies and living
expenses. Please see the
Estimate Costs and Aid webpage for how to estimate and plan for other potential
expenses.