1098-T Tuition Statement Information
Form 1098-T is an IRS (Internal Revenue Service) form provided to eligible matriculating students who enroll in classes in a degree-seeking program at Stevens Institute of Technology. The 1098-T form provides information regarding the payments made during the calendar year towards qualified tuition and related expenses (QTRE). To learn more about this form please consult IRS Publication 970, Tax Benefits for Education.
1098-T Tuition Statement FAQs
Form 1098-T supplies a portion of the information needed by taxpayers to claim tax credits. This form will be provided electronically to the student by January 31 of each year.
*International students who have their taxpayer identification number available in Workday will need to request a 1098-T Form each year with the Office of Student Accounts by March 1st.
To access your 1098-T Form
Students can follow the instructions below to access their 1098-T Form
myStevens> Workday> Finances> under Important Information> click 1098-T Forms
Note: Using your myStevens credentials, you will be redirected to Nelnet.
In Nelnet> under 1098-T Documentation> click (View 1098-T)
Authorized Users can access the form by logging onto Nelnet> https://online.campuscommerce.com
In Nelnet> under 1098-T Documentation> click (View 1098-T)
*After selecting "View 1098-T" if it is asking for additional information, it's because there is no form available. Missing taxpayer identification number can be one of the reasons why the form is not available.
To confirm your taxpayer identification number is available on your Workday: Please go to Workday>>View profile>> Personal>>IDs
If the information is missing students can submit their taxpayer identification number via Workday, please see under "How do I provide my SSN or Tax ID Number to receive a 1098-T?"
*Missing taxpayer identification number in Workday will cause delays generating a 1098-T if eligible.
In accordance with the IRS regulations, Stevens will issue the 1098-T only if all of the below conditions are met. During the respective calendar year, the student should have been:
Citizenship | Enrollment | Charges and Payments |
A US citizen or permanent resident OR An International student with a valid Taxpayer Identification Number (ITIN), and have completed and submitted a W-9S form to the Office of Student Accounts. | Matriculated and enrolled in a degree seeking program at Stevens AND Made qualified payments towards QTRE billed during the same calendar year | Billed for and made payments towards qualified charges. AND Not covered by any third party billing arrangements
AND Not covered in full by scholarships or grants. |
DEMOGRAPHIC & ENROLLMENT DATA:
Name, taxpayer identification number, permanent address, whether you were a graduate student during the calendar year, whether you were at least a half-time student during the calendar year.
QUALIFIED TRANSACTIONS:
BOX 1 - Payments received for qualified tuition and related expenses: Payments from all sources made from January 1 through December 31 of the current tax year towards outstanding tuition and mandatory fees. Payments include student payments, loans, credit balances from previous terms, grants and scholarships.
BOX 4 - Adjustments made for a prior year: Adjustments made to qualified tuition and related expenses reported in a prior year.
BOX 5 - Scholarships or grants: Scholarships or grants applied to the student's account from January 1 through December 31 of the current tax year.
BOX 6 - Adjustments to scholarships or grants for a prior year: – Adjustments made to scholarships or grants reported in a prior year.
If you are eligible to receive a 1098-T, payments from all sources made towards qualified tuition and related expenses (QTRE) billed in the current tax year (January 1- December 31) will be reported in Box 1 of the 1098-T. The first step in calculating Box 1 is determining QTRE. Per IRS guidelines, the following expenses qualify as QTRE:
tuition, general service fee, student activity fee, lab fees
The following do not qualify, even if you are required to pay them to attend college:
room & board, insurance, student health insurance, and transportation expenses
Payments from all sources, including scholarships and grants that were applied towards qualified tuition and related expenses, will be included in Box 1 of the 1098-T.
Stevens is required to collect your correct SSN/ITIN to file 1098-T tax form with the IRS. Annual reviews will be done by the Office of Student Accounts to check for student SSN/ITIN. Please note that you can be fined $50 by the IRS if you do have a SSN/ITIN and do not respond to our request to provide your SSN/ITIN.
**Please note an SSN/ ITIN is needed to generate a 1098-T Form.
To add your Tax Payer Identification number (SSN or ITIN) to your student record, you must submit a Stevens W-9s form through Workday. Here you will be able to attach a copy of your signed Social Security Card or ITIN approval letter.
For security purposes, please do not email us this information. Please complete the online form.
Most international students are not eligible to claim education tax credits with the U.S. Internal Revenue Service. For more information about eligibility, see IRS Publication 970. Stevens cannot provide tax advice. For additional information, please contact your tax adviser or the IRS.
International students who have their social security number or ITIN available in Workday will need to request a 1098-T Form each year with the Office of Student Accounts by March 1st. Missing SSN/ ITIN number in Workday will cause delays generating a 1098-T if eligible.
Please e-mail Office of Student Accounts at [email protected] and provide details about the payment to assist us in reviewing your student account.
Contact the Office of Student Accounts via email [email protected] or phone at 201-216-3500 for further assistance.
Stevens Institute of Technology's tax Id number is 22-1487354.