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.
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)
If it is asking for additional information; please contact the Office of Student Account.
Authorized Users can access the form by logging onto Nelnet> https://online.campuscommerce.com
In Nelnet> under 1098-T Documentation> click (View 1098-T)
If it is asking for additional information; please contact the Office of Student Accounts.
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.
Students must drop off, mail, or fax a copy of their signed SSN card/ ITIN and W-9S form to the following address:
Stevens Institute of Technology
Office of Student Accounts
Howe Center Lobby
Castle Point on Hudson
Hoboken NJ 07030-59913
Fax: (201) 216-8050
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 a social security number or ITIN need to request a 1098-T Form each year by dropping off a copy of their signed SSN card or ITIN approval letter and W-9S form to the Office of Student Accounts before March 1st.
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.