Information about Form 1098T
Why did I receive a 1098T?
Educational institutions are required by law to report to students the amount of qualified tuition and related expenses that have been billed to the student during the calendar year. The College of Charleston has reported the qualified expenses billed during the calendar year.
Please note: The amount paid on the student's behalf is not recorded on the 1098T. Only qualified expenses in the fiscal year they are billed are recorded on the form.
How do I use the 1098T for tax purposes?
The College of Charleston urges you to contact a tax professional regarding the application of this form to your taxes. Employees of the College of Charleston cannot provide tax advice.
How do I know if I should have received a 1098T?
1098Ts are only sent to students that have more eligible tuition charges than scholarships/grants (free money). In other words, if scholarships/grants exceeds qualified tuition charges than a 1098T is NOT issued.
If you believe that you should have received a 1098T but have not received a mailed copy, additional copies are available at ECSI's website (www.ecsi.net/1098T) or by calling them at 866.428.1098. Our school code is Q7
When Will I receive my 1098T?
The 1098T form is processed and mailed by an outside agency, ECSI. The forms are mailed to the student between January 15 and January 31. If you have questions about the qualified charges on your 1098T, you may call 866.428.1098.
How can I obtain a copy of my 1098T?
Your 1098T is available on ECSI's web site www.ecsi.net/1098T or by calling ECSI at 866.428.1098. Our school code is Q7.
College of Charleston, in conjunction with ECSI, is offering you the opportunity to receive your 1098T Tuition Statement Tax Form electronically this year. If you would like to receive your 1098T form electronically, please give your consent by following the link provided below and following the step by step instructions.
1098T Electronic Consent: http://www.ecsi.net/gateway/1098t-signup.html?school=Q7
If you choose to receive a paper copy of your 1098T form, simply do nothing.
The benefits to receiving electronic notification are:
• Online delivery provides access to the form 1098T earlier than the traditional mailing process.
• Online delivery eliminates the chance that the 1098T will get lost, misdirected or delayed during delivery, or misplaced once the student receives it.
• Signing up for online delivery is easy and secure.
• Students can receive their 1098T form even while traveling or on assignment away from their home address.
To give consent to receive your 1098T form electronically, click on the link below and follow the simple instructions to sign up!
Step 1: Website: http://www.ecsi.net/gateway/1098t-signup.html?school=Q7
Step 2: Signup for Electronic Tax Documents by entering your Student ID#, Name, and Email Address (with the option to include an alternate email address). ECSI's website is a secure website and ECSI will not share your private information with anyone. This email is strictly sent to gather your consent for receiving an electronic 1098T Form.
Step 3: Read information, check box and click submit.
If you have any questions, please visit http://www.ecsi.net/taxinfo.html for information regarding your tax documents and to obtain contact information for ECSI.
It is the policy of the College not to fax 1098T's as they have personal information regarding our students. Please make use of the two web sites for additional copies of the tax form.
Where can I obtain additional information about this form?
The IRS web site (www.irs.gov) provides information about this form. Publication 970, Tax Benefits for Education can be obtained on that web site or by calling the IRS at 1.800.829.1040.