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Understanding Your 1098-T

The 1098-T statement shows the types of payments allocated to your eligible charges.

  • Box 1 contains any financial aid, loan, check, credit card, or wire transfer payments.
    Payments applied to non-eligible charges do not appear on this statement.
  • Box 5 contains any financial aid payments posted in the calendar year.
Included or not included on the 1098-T