Form 1098-T and FAFSA Grants Question

bthomp1
Wed, 26 Jan 2011 19:22:47 +0000

Yes, it does mean that. It also means tuition and fees (box 2) and scholarships and grants (box 5) for any other semesters you attended at that school in, say, Spring and Summer 2010 are included on that 1098-T. So you have to subtract out the numbers that apply to Spring 2011, and only use the lower numbers to complete your 2010 taxes. You can probably find the Spring 2011 numbers in your account on your school’s website.

This may have happened this year because you registered for Spring classes earlier in the year than you did in other years (if registration time is based on the number of credits you have), and therefore were billed in an earlier billing cycle (one month earlier than the first two years you attended school). That is what happened to my son, who is also a junior. So box 7 was checked for him, too.