This represents any reaction to the amount of scholarship or grants that were reported for prior year. Pell and Hope is an example of a grant.Īmounts Included in Box 6, Adjustments to Scholarships and Grants for a Prior Year Scholarships and grants generally include all payments received from third parties including but not limited ti Departments of Veterans Affairs, the Department of Defense, civic and religious organizations, and non-profit entities. This represents the amount of any scholarships or grants received during the calendar year for payment of tuition and fees. late withdraws.Īmounts Included in Box 5, Scholarship or Grants This represents any reduction in charges made for qualified tuition and related expenses processed during the calendar year that relate to amounts billed that were reported for a prior year. The student could have an adjustment if they had any changes during this calendar year that affected the previous calendar year, i.e. The amount reported is the total amount paid less any refunds made during the calendar year that relate to qualified tuition and related expenses.Īmounts Included in Box 4, Adjustments Made for a Prior Year This represents the amounts of payments received during the calendar year for qualified tuition and related expenses. Please note that this form is CALENDAR based, January 1, 20XX- December 31, 20XX. Students generally are under the impression that it is semester based, Spring, Summer, Fall, and it is not.Īmounts Included in Box 1, Payments Received for Qualified Tuition and Related Expense Per IRS guidelines, GHC has changed reporting methods from Box 2 to Box 1098-T. The college reports payments received for qualified tuition and related expenses during the calendar year. On the 1098-T form, Georgia Highlands College reports student’s name, SSN, address and indicates if the student was at least half-time during the calendar year.
Highland community college federal id number update#
If the student’s address has changed recently, they need to update their address in Banner/SCORE or contact the Registrar’s Office to enquire about updating their account to reflect the new address.Īll students will have the option of printing their copy of their 1098-T statements from the following link. The 1098-T form will be mailed to the mailing address in Banner/SCORE. All students should receive their 1098-T form within two weeks of this date. The Forms will be mailed by January 31st of the following year. ALL STUDENTS WILL NOT QUALIFY FOR A 1098-T FORM. The IRS requires eligible educational institutions such as Georgia Highlands College, who receive payment for qualified tuition and related expenses during the calendar year to provide this statement to the students and to the IRS.
The 1098-T is an IRS form entitled “Tuition Statement” that assists the student in determining if he/she qualifies for certain education related tax credits under the Taxpayer Relief Act of 1997(TRA97).
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