1098t does Box 1 include scholarships and grants paid to the college or is it just loans and amount paid by student.

Forum|Forum|6 years ago
June 3, 2019
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I thought box 1 was to include all payments received for tuition by the college including grants and scholarships

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Best answer by Vanessa11_2

Box 1 includes scholarships, grants, loans and cash payments made to your school by you or for you. If you had a refund then that would be deducted from the amount in box 1. Instructions and form link below for 2019, but it was the same for 2018.

"Box 1. Shows the total payments received by an eligible educational institution in 2019 from any source for qualified tuition and related expenses less any reimbursements or refunds made during 2019 that relate to those payments received during 2019."https://www.irs.gov/pub/irs-pdf/f1098t.pdf

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LH168

Does Box 1 include Federal Student Loans received by the school/university?

Hal_Al

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Q. Does Box 1, of the 1098-T, include Federal Student Loans received by the school/university?

A. Yes. Box 1 should include all tuition and fees payments, regardless of source, scholarships, loans, direct payments and even employer tuition reimbursement if paid directly to the school. Except for the scholarship amount in box 5, the 1098-T does not show the sources of the box 1 payments, only the total payments received.

That said, schools have been none to make mistakes. If you have doubt, ask the school.