Higher Education Tax Benefits

Several federal tax incentives exist to provide benefits to qualifying taxpayers for higher education expenditures. Please consult your tax professional to determine your eligibility.
  • Education Tax Credits and Form 1098-T

    The Internal Revenue Service (IRS) requires Manhattan College to file an annual tuition statement, Form 1098-T, for each student who has reportable transactions. Reportable transactions include qualified tuition and fee charges and any scholarships or grants received during the calendar year. Form 1098-T is an informational form only that can help a student, or a person who claims the student as a dependent, determine if they may be eligible to claim Education Tax Credits. Claiming education tax benefits is a voluntary decision for those who may qualify.

    Form 1098-T will only be generated if a valid Social Security Number or Tax Identification Number is on file with the College. Manhattan College is NOT required to report to the IRS if the student is not a U.S. citizen or permanent resident, or if the student is enrolled in non-credit courses only.

    For information about eligibility for these credits and other federal tax benefits for students, please see IRS Publication 970, Tax Benefits for Higher Education.

    Disclaimer: The information in this section of our webpage is informational only and does not constitute tax advice. The web content does not constitute an official document nor has this material been approved by the IRS or U.S. Treasury. Please be aware that Manhattan College is not responsible for determining a student’s eligibility or to calculate any education credit that can be claimed. For your convenience we have provided links to Other Useful Resources. Because income tax rules are complicated, it may be helpful to consult with the IRS, directly, or a tax advisor.

  • Delivery/Accessing Form 1098-T

    Manhattan College will load an electronic Form 1098-T to the Student Account Suite by the end of January for the previous calendar year for all students eligible to receive the form. This will be the only delivery method for those provided consent for electronic delivery. The College will additionally mail the Form1098-T to the permanent mailing address on record for students who did not provide electronic consent as authorized by the IRS.

    Once the form is loaded all eligible students may access and print Form 1098-T under the Statements menu. If a parent/third party wishes to obtain Form 1098-T, it must be provided to them by the student or the student can grant Authorized User access in the Student Account Suite under 'My Profile Setup'. There is an option to grant the Authorized User’s access for viewing/printing of the 1098-T Form.


  • Information Reported on Form 1098-T

    Manhattan College does not report ‘Payments Received’ in Box 1 so this box will be blank. The College’s official reporting methodology with the IRS is to report information in Box 2 and Box 5 for the current calendar year. 

    Box 2:  Shows the total amounts billed for qualified tuition and related expenses. Non-qualifying expenses generally include housing, late payment charges, fees associated with monthly payment plans, health services and insurance. Certain expenses for course-related books, supplies and/or equipment are not reported by the College to the IRS but may be consider a qualified expense.

    Box 5: Shows the total of all scholarships and grants administered and processed by the College. These amounts include federal and state grants such as Pell, SEOG, NYS TAP as well as tuition waivers. The amount of scholarships and grants may reduce the amount of any allowable tuition and fees deduction or education credit you may claim for the year. If your Financial Aid/scholarship/grants total (Box 5) is greater than the qualified expenses (Box 2), you are advised to consult with your tax advisor to determine if you have to report additional information or taxable income elsewhere on your tax return.

    Box 8: If a student is at least half-time for at least one academic period beginning during the calendar year (tax year), then one of the requirements of the American Opportunity Tax Credit is met.

    Box 9: If a student is enrolled in a graduate program for at least one academic period in the calendar year, then this box must be checked by IRS regulations.

  • Accessing Account Information Online

    The accounting of your payments is not reported by the College but below is helpful information on how you can review student tuition account activity via the Student Account Suite:

    • Log onto the Student Account Suite at www.manhattan.edu/MyAccount
    • Under the ‘Payments’ menu, click on ‘Payment History’, select ‘Show All Payments’, and then ‘Select the Time Period’ From and To dates that correspond with the calendar year (Jan 1, 20xx to Dec 31, 20xx)

    For a cumulative list of all account transactions in descending date order, under ‘My Account’, go to “Account Activity”. You will be able to review all charge transactions and scholarship and grant transactions for the calendar year.

  • Useful Resources