Financial Aid on 1098-T

Owned by jbtonny
Last updated: Aug 03, 2020 by James Wallace

Problem

How is my Financial Aid Reported on a 1098-T?

Solution

Financial aid, including scholarships and/or grants, is only reported when it is not expected to be paid back by the student. Similar to tuition and other applicable charges, financial aid is reported on your 1098-T according to the calendar year that it was posted to your account, not necessarily the year it was applied or refunded.