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1098-T Tax Form & Other Tax Information

Please be aware that the student accounts office cannot offer tax advice. If you have questions about tax benefits, please contact your tax preparer or follow the links at the bottom of the page to the IRS website.

The following FAQ and links will answer many questions. You can also contact our office at studentaccounts@georgefox.edu or 503-554-2301, or visit us on the first floor of the Stevens Center in Newberg.

FAQ

The 1098-T is a record of the financial information reported by George Fox to the IRS on behalf of eligible students.  The information on form 1098-T can be used to help you, or someone claiming you as a dependent, determine eligibility for education tax credits when filing a U.S. tax return.

What transactions are included in each box?

An explanation of each box can be found on your 1098-T. Below is a quick overview of included amounts:

  • Box 1 - Payments from all sources (personal, scholarships, loans, etc) received during the calendar year for eligible charges. Eligible charges typically include: tuition, student fees, and course fees. Room and board, insurance, and travel costs are ineligible.
  • Box 4 - Adjustments to transactions reported in a prior year.
  • Box 5 - Total of scholarships, grants, and third-party payments for the calendar year.
  • Box 6 - Adjustments to scholarships, grants, and third-party payments reported in a prior year.

It is recommended that you view the items included in each box. To do so, navigate to your 1098-T in MyGeorgeFox and click the "Box Amount" tab. Then click the hyperlink for the desired box details.

Follow this link to view your full account details

Beginning tax year 2018, the IRS requires that schools populate Box 1, payments received by the institution for qualified tuition and related expenses. This is a change from past years when Box 2 was reported for the amount billed by the institution.

When are 1098-T’s available?

If you grant consent (see instructions below) to receive your 1098-T online via MyGeorgeFox, you will have the earliest possible access. The online form will be a PDF that you can download, print or email as needed. If you do not consent, your form will available by the IRS deadline, Jan. 31, or the following Monday if the 31st falls on the weekend. Because this timeline coincides with the start of spring semester, we are unable to complete the process at the beginning of the month, and regret that we cannot provide “estimates” for early filers.

The place to grant consent for online access and to access your 1098-T electronically is the same. Please follow the instructions below. Otherwise, the form is mailed to the student’s mailing address, if indicated, or home address. 

  1. Login to your account
  2. Select "Financial Account"
  3. Click on "Account Services"
  4. Select "View 1098-T"
  5. If you have not opted in yet, select the “Grant Consent” button.
  6. Access forms via the hyperlink for each specific year. If no link is present, it may be too early still, or you may not have a form for that year. Check back closer to the end of the month, or review the following reasons why you may not qualify for the form.
  7. Click "Student Permissions" to grant access

If a form was generated by the Jan. 31 deadline, you will have access to it in MyGeorgeFox, whether you grant consent for early access or not. If it is February or later and no link exists for the specific year you are looking for, it means a form was not generated. There are multiple reasons that a 1098-T may not be generated. Some of the most common scenarios are:

  • George Fox does not have a Social Security Number on file for you.
  • George Fox does not have a current mailing address on file (for students not receiving an e-form).
  • You granted consent to online access and therefore a paper copy won’t be mailed.
  • Scholarships, grants, or third-party payments were in excess of the qualified payments.
  • You may not qualify. You must be enrolled in a term that begins in the calendar year AND have qualified payments that applied in that year. See IRS Publication 970 below to determine if you qualify. If you believe an error was made, please contact us ASAP.