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Northwestern University

Tax Information

Tax benefits

There are several tax benefits that assist students and families in the financing of a college education. You may be eligible for one of two federal tax credit programs for tuition and fees. Alternately, you may be eligible for a tax deduction.

Tax credits

These tax credits are based enrollment, adjusted gross income, tuition paid and grants received.

More information about these tax credits can also be found on the IRS website's Education Credit page.

Tax deductions

Tax documents

By January 31 of each year, the following two tax statements for the previous year are mailed to students:

1098-T Tuition Statement

The 1098-T Tuition Statement is sent to each student who paid qualified tuition and related expenses during the previous year. It includes financial information, such as tuition charges, scholarships received and payments made, which you may need for either education credits or a tuition deduction on your federal tax returns.

Note: If you made no payments during the calendar year, you will not receive a 1098-T (for example, students who received scholarships and grants equal to or greater than the cost of tuition and fees).

Questions about the amounts reported on the 1098-T?

Contact Student Accounts at 847-491-5224 or studentaccounts-ev@northwestern.edu.

Questions about eligibility?

Please review the IRS flyer, Why Form 1098T is Important to You, to become more familiar with the uses of the 1098T form. Contact your tax preparer or financial adviser with questions concerning your eligibility for tuition tax credits or tax deductions. You may also review the IRS web site or call their toll-free number (1-800-829-1040) for additional information.

View or reprint my 1098-T tuition payments statement?

1098-E Student Loan Interest Statement

The 1098-E Student Loan Interest Statement is sent to each student who paid interest on student loans held by Northwestern University during the previous year.

You may be eligible to take a deduction on your federal income tax return for student loan interest you paid during the year. You do not have to itemize deductions to claim the student loan interest deduction. However, there are limits to how much interest you may deduct as well as limits on qualifying income levels.

Questions about the amount of interest paid reported on the 1098-E?

Contact the Student Loan Office at 847-491-3125 or studentloans@northwestern.edu.

Questions about eligibility?

Please contact your tax preparer or financial advisor with questions concerning your eligibility for student loan interest deductions on your federal income tax return. You may also review the IRS web site or call their toll-free number (1-800-829-1040) for additional information.

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