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Tax Benefits for Education
1098-Ts for the 2011 school year mailed on January 27, 2012.
Current Students: For instructions on how to download your 1098-T click here.
Former Students: If you have not received your 2011 1098-T in 10 business days please CLICK HERE TO REQUEST A REPLACEMENT 1098-T.
You may also use the above link for previous year replacement requests.
Form 1098-T reports payments received for qualified tuition and financial aid awarded to students enrolled in courses at Vanderbilt University for which they receive academic credit.
Vanderbilt does not issue a 1098-T form if financial aid equals or exceeds tuition charges or if the student is enrolled in not-for-credit courses.
The information reported on the 1098-T form helps students evaluate whether he or she is eligible for an educational tax credit. IRS Publication 970, Tax Benefits for Higher Education provides detailed information.
See IRS Forms and Publications for more details. Although Vanderbilt University is unable to provide tax counseling, we urge you to contact your tax advisor or the IRS at 800-829-1040 or www.irs.gov if you have any questions regarding the HOPE or Lifetime Learning Tax Credits. If your question pertains to the 1098-T figures provided by Vanderbilt, please contact student.accounts@vanderbilt.edu; put 1098-T in the subject line; please indicate your question and a phone number where you may be reached. A Student Accounts representative will respond within 24 hours. Tax Benefits for Education
For more information on tax benefits for education, see Publication 970.
The Hope and Lifetime Learning Tax credits approved by Congress may help in reducing your 2011 tax liability if you qualify. Although Vanderbilt does not provide tax counseling, we would like to advise you that the tuition payment date can make a difference as to WHEN the tax credit can be taken. For example, spring 2012 tuition charges are due January 5, 2012. If you pay for these charges in December 2011, you may only take the tax credit in the 2011 tax year. Likewise, if the charges are paid in January 2012, the tax credit may only be used in the 2012 tax year. Based on these IRS stipulations, we urge you to plan the timing of your payment carefully.