Office of the Bursar
Finance and Business Services
Student Financial Services
25 University Ave., Room #50
West Chester, PA 19383
Phone: 610 436-2552
Fax: 610 436-3049
Several tax benefits are available to help families meet the cost of post secondary education. These tax benefits are referred to as Hope Scholarship Credit and Lifetime Learning credit.
West Chester University will be mailing out a 1098-T for every student on whose behalf payments for qualified tuition and related expenses have been received in the applicable tax year.
Institutions are required to include the following information on this form:
To assist students/taxpayers in making this determination, West Chester University has chosen to also include a supplemental notice for reporting personalized student financial data. The notice will be included with the 1098-T form.
The student / taxpayer will need to complete IRS Form 8863, and attach it to
their 1040 or 1040A tax return.
Please note: The 1098-T form is NOT required to be attached to the IRS form 8863.
1098-T’s and supplemental notices are mailed out by the end of January.
Please visit www.1098-T.com or call Toll free: 1-877-467-3821
West Chester University cannot assist in caluculating your tax credit. Please contact your tax advisor.
For more information regarding, the Federal Hope and Lifetime Learning Tax Credits, a Tax Credit Reporting Service (TCRS) phone number, the National Association of College and University Business Officers’ (NACUBO) web site, and the Internal Revenue Service (IRS) web site and phone number are referenced below:
More information is also available by obtaining the IRS Publication 970 “Tax Benefits for Higher Education”.