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/program charge to the University at Albany must inform the University at Albany of your social security number so that your 1098-T can be issued. You must submit your social security number to the University at Albany ONLINE by visiting the Finances Tab on MyUAlbany (click on the MyUAlbany icon at the top of www.albany.edu) and select the link for *SSN/ITIN Add/Update HERE* under the “Student Home” section. You will be prompted to sign in again with your UAlbany NetID and Password to access the SSN update form.
For more information about Form 1098-T, see https://www.albany.edu/cost-aid/billing-accounts/access-your-1098-t
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.