IRS Form 1098-T

Tax Considerations

Federal regulations require educational institutions, such as the University at Albany, to provide information about qualified tuition and related expenses (reported on Form 1098-T, Tuition Statement) to the Internal Revenue Service (“IRS”) and to you. The information about qualified tuition and related expenses helps to determine whether you qualify for any available tax credit to reduce your federal income tax liability.

When a copy of the 1098-T information is made available on epay.albany.edu an email is sent to the student’s Albany email address.

The Education Abroad office does not collect or share the social security numbers of education abroad participants.  However, the IRS Form 1098-T, which substantiates qualified educational expenses, must contain this number. Your Education Abroad Differential and any tuition that you pay to the University at Albany are qualified expenses.  Therefore, you must inform the University at Albany of your social security number so that your 1098-T can be issued. The University at Albany already has your permanent address in its official records.

All students paying tuition or an education abroad differential to the University at Albany must submit the “Personal Identification Change Form” to the University at Albany in order for their social security number to be entered in UAlbany’s official records. You may return this form and copies of the required documentation in person or by fax or you may mail it to the Office of the Registrar, University at Albany, Campus Center B-52, Albany NY 12222.   Do not return it to the Education Abroad office.

For more information about Form 1098-T, see http://www.albany.edu/studentaccounts/1098-t.php

The University at Albany treats personal student information, including social security numbers and individual taxpayer identification numbers, confidentially and maintains the information in the manner as required by the Family Educational Rights and Privacy Act (FERPA), the NYS Cyber Security Policy PO3-002: Information Security Policy, Education Law Section 2-b, NYS General Business law Section 399-ddd and SUNY Policy 6604.