Form 1098-T: Tuition Statement

Payment Reporting on 1098-T Forms (Box 1)

Payments for Box 1 include all Grants, Scholarships and Loans, in addition to the payments you (or someone else) have made; minus refunds issued. However, Box 1 cannot reflect an amount higher than the maximum “qualified tuition-related expenses (QTRE)” = the tuition and mandatory fees charged during the calendar year. Box 1 payments will show the lower amount; for most people, that will be tuition and fees (QTRE). 

The calendar year includes any tuition and fee charges made to an account in 2024. Generally that will be Winter 2024, Spring 2024, Summer 2024 and Fall 2024. Except: Winter 2025 Study Abroad charges are considered part of 2024 (But NOT 2025 J-Term classes, those will be 2025). 

Payments for 2024 will include any payments received between January 1, 2024 and December 31, 2024. NOTE: Paper checks received while Goucher College is closed for the Holiday break (end of day Dec 20 – Jan 2, 2025) will be credited to the student account once the college reopens in January; meaning, they will be 2025 payments. IF you want to ensure your payment is credited to 2024, it must be  received by Goucher no later than December 19 to allow for processing time. Online payments are credited to the student account on the date payment is made online.

 

PAPER FORMS

The college's 2024 1098-T forms will be mailed by January 31, 2025 by ECSI, the college's third party servicer. As a courtesy, ECSI notifies students by e-mail that their 1098-T form was printed and mailed. If you do not receive an e-mail, Goucher may not have been required to issue a 1098T to you for 2024, or the e-mail address on record was not up-to-date by January 15, 2025.

ELECTRONIC FORMS

An electronic copy of your 2024  (starting 2/1/25) 1098T can be found at www.heartland.ecsi.net.

• At the top of the home page click on “Find Your Tax Document”
• You'll need to either Register, or Sign In using your login IF you've created one before with ECSI
• At the top of the site, click on "Click Here for Instructions to Access 1098T"

NOTE: The form can only be accessed by the student and will require access to the Goucher email address.

Electronic copies of your 2015-2023 1098-T forms are also available through ECSI's website, if you received one for those previous tax years.

If you require further assistance, please call ECSI at 1-866-428-1098 or email cservice@ecsi.net. You can also email billing@goucher.edu. Be aware that ECSI receives a large number of calls through mid-April, and as a consequence, wait times may be unavoidable.

EDUCATION TAX CREDIT

Students who receive a 2024 1098-T form may be eligible for a Federal Education Tax credit on the 2024 tax return.

Goucher College is not allowed to discuss tax implications, how this form may relate to you, or give tax advice.  All pertinent information is on the 1098-T form itself.   Please consult your tax preparer with all questions related to this form. 

IRS Education Tax Benefits (PDF)

FREQUENTLY ASKED QUESTIONS

Below you can find answers to some frequently asked questions. If further assistance is required, please email us at billing@goucher.edu. 

WHAT IS FORM 1098-T (TUITION STATEMENT)?

We are required by IRS to send the 1098-T form to students who were enrolled and had payments and/or financial aid credited to their tuition account during 2024. This form is used to assist the IRS and students in determining if students are qualified for education-related tax benefits.

CAN I PICK-UP MY 1098-T FORM ON CAMPUS?

No. Goucher uses a service to print and mail these forms. The service will send them directly to the mailing address we have on record for the student. If you haven't received a form, please email us at billing@goucher.edu.

WHAT DO THE AMOUNTS LOCATED ON THE FORM REPRESENT?

  • Box 1 represents the total amount of payments and financial aid (grants, scholarships and loans) posted to the student’s account during the 2024 calendar (tax) year, up to the amount of qualified tuition and related expenses for those semesters. (Box 1 is being reported on the 1098-T form starting with 2024 due to the change to the institutional reporting requirements under federal law.)
  • Box 2 and Box 3 are blank.
  • BOX 4 represents adjustments made for a prior year.
  • BOX 5 represents the total amount of grants and scholarships credited during the 2023 calendar (tax) year. Note: BOX 5 does not include any loans.
  • BOX 6 represents adjustments to scholarships or grants credited during previous years.
  • BOX 7 is checked if any payments and/or financial aid included in Box 1 relates to an academic period that begins January through March 2025 (i.e. 2024 winter/J term or 2024 spring semesters).
  • BOX 8 is checked if the student was at least half-time during any academic period that began in 2024 (i.e. winter 2024, spring 2024, summer 2024, or fall 2024). Half-time for undergraduates is at least 6 credits, for graduate students half-time is at least 4.5 credits.
  • BOX 9 is checked if the student was a graduate student enrolled in a program or programs leading to a graduate-level degree, graduate-level certificate, or other recognized graduate-level educational credential.
  • BOX 10 does not apply to Goucher students.

WHAT IF I DIDN'T GET A 1098-T? WHAT IF THE INFORMATION ON MY 1098-T IS INCORRECT?

If you enrolled in courses during the 2024 calendar year and had payments and/or financial aid credited to your account in 2024, but did not receive a form, please email us at 1098T@goucher.edu. Someone will get back to you as soon as possible.

WHY DID I NOT RECEIVE A 1098-T FORM EVEN THOUGH I GRADUATED IN MAY 2023?

If you were enrolled for either the 2024 winter/J-term or 2024spring semester, but had no payments or financial aid credited to your account in 2024, you will not receive a 2024 1098-T as you had no reportable transactions.