Tax Credits for Higher Education

The University of Arkansas' sole responsibility regarding the American Opportunity Credit and Lifetime Learning tax credits is to furnish Form 1098-T to students incurring tuition and related expenses. It is not responsible for, and is prohibited by law, from giving tax advice. Taxpayers should contact their tax advisor or the Internal Revenue Service for guidance.

American Opportunity Credit Scholarship

IRS Publication 970 (PDF), Tax Benefits for Education.

Lifetime Learning Credit

IRS Publication 970 (PDF), Tax Benefits for Education.

IRS Form 1098-T (Tuition Payments Statement)

IRS Form 1098-T is a tuition payments statement that will assist taxpayers in calculating any education tax credit that they may be eligible for under the Lifetime Learning tax credits. If eligible, this form will be used to complete IRS Form 8863, which attaches to the taxpayers return.

The 1098-T contains the filer's (University of Arkansas at Fayetteville) address, Federal Tax ID number and contact information, along with the student's name, address, social security number, and enrollment status. More importantly, the 1098-T contains the qualified tuition and related expenses billed to the student by the University during the calendar year. It also displays the amount of any scholarships or grants received by the student during the calendar year.

Qualified tuition and related expenses are defined by the IRS as "tuition and fees required for enrollment or attendance." In general, not all charges incurred during a calendar year will meet IRS requirements--which is why the figure in Box 2 will probably not match total charges for the calendar year. University charges that the IRS considers non-qualified are listed in the table below, along with contact numbers for questions about the amounts listed on the 1098-T.

To get a copy of your current 1098-T see 1098-T Information.

1098-T FAQS

Non-Qualified Expenses

Why did I receive this form? Treasurer's Office 479-575-5651
As an eligible educational institution, the University is required by law to provide Form 1098-T to students who were enrolled in courses at the University during the calendar year. It is used in calculating any education tax credit that you may be eligible for under the Lifetime Learning Credit.
Why doesn't the form show the payments I made during the calendar year?
The Internal Revenue Service requires each eligible educational institution to report payments received (Box 1) or amounts billed (Box 2) for qualified educational expenses. The majority of colleges and universities elect to report amounts billed for qualified educational expenses.
Where can I find my payment history?
Student Account information is available through the Account Summary on UAConnect: Self Service>Student Center. In the Finances section of your Student Center, click the Account Inquiry link to view your detailed account breakdown.
What should I do with this form?
If you are listed as a dependent on another taxpayer's return, your 1098-T should be given to the taxpayer. If no one else claims you as a dependent, you should give the form to your tax preparer.
I do my own taxes and don't have a tax preparer. How much can I claim on my taxes?
The University cannot provide tax advice. Whether you are able to take advantage of these tax credits depends upon your individual status and circumstances--which are known only to you. Contact the Internal Revenue Service at 1-800-829-1040 for guidance.
Should I attach the IRS Form 1098-T to my tax return when I mail it?
No. The information provided on your IRS 1098-T form is used to complete IRS Form 8863. Form 8863 is attached to your tax return.
I never received a 1098-T. How do I get one?
To get a copy of your current 1098-T see 1098-T Information. You will be able to print a copy from the web page, unless you belong to one or more of the following groups: students who didn't incur any charges during the calendar year, took only non-credit courses, or were non-resident aliens for the calendar year. 1098-Ts were not issued for those students. For security purposes, 1098Ts printed from this web site will not contain your social security number.
What information did the University send to the IRS?
Beginning in 2003, eligible educational institutions are required to provide the IRS with the same information that is reported on your 1098-T.
  • Audio Tapes
  • Bookstore Charge
  • Computer Rental Fee
  • Credit by Examination Charge
  • DPS Fines/Moving Violations
  • Examination Fees
  • Financial Aid Reduction
  • Graduate Reapplication Fee
  • Graduation Fee
  • Health Center Charges
  • Health Fee
  • Health Fee Debt
  • Housing Charges
  • Installment Plan Charge
  • International Health Insurance
  • Intramural Forfeit Fee
  • Late Payment Fee
  • Law Library Books Charge
  • Library Books Charge
  • Library Fines Charge
  • NRA Scholarship Tax
  • Parking Ticket
  • Refund Checks Issued
  • Return Check Fine Charge
  • Rush Fees
  • Safe Ride Fee
  • Textbook Rental
  • Transit Fee
  • University Withdrawal Fee
  • Video Tape Rental Fee
  • Workbook Purchases

Additional Links...

IRS Site
IRS Forms and Publications
Tax Information for Students

Important Deadlines
Deadline Spring  2018
100% Refund for Dropped Classes Jan 22
100% Refund for Withdrawal Jan 15
Payment Deadline (no payment plan) Jan 22
Financial Aid/Scholarship Disbursement Begins Jan 08
Payment Plan Last Installment Apr 22

Treasurer's Office

Operating Hours

  • Monday-Friday 8:00am-5:00pm