Explanation of IRS Form 1098-T

As a post-secondary educational institution that receives qualified tuition and related expense payments, Bowdoin is required to provide an IRS Form 1098-T by January 31 for the previous calendar year to enrolled students.  The form is available electronically by enrolling through Heartland Campus Solutions ECSI by December 31 of the tax year.

Below, click each box to learn more about totals reported on the 1098-T.

Box 1

Bowdoin does not report a total for Box 1. See box 2.

Box 2

Amount of qualified tuition and related expenses billed by the College during the tax year.  Box 2 contains the qualified billed fees for the fall semester of the tax year and the spring semester that begins in January of the next tax year. For 2017, Bowdoin reported tuition, the activity fee, and any applied music fee. Room and board are not reportable on the 1098-T.

Box 3

This box will be checked only if the College changes their reporting method from Box 2 to Box 1.

Box 4

Adjustments (reductions) to an amount reported in Box 2 in any previous year.

Box 5

Box 5 includes the amount of scholarships and grants administered and processed by the College during the tax year. Generally, they are for the fall semester of the relevant tax year and the spring semester beginning in January of the next tax year. Grants reported in Box 5 are Bowdoin College Grants, Pell, SEOG, veterans benefit payments received by the College, state grants, and any applied music scholarship. There may be other organizations that provide scholarships or grants to the student which the College may receive as payments, but they are not reported on the 1098-T because they do not meet the condition of being administered and processed by the College. While an individual or family's tax liability depends on facts and circumstances, be aware that the IRS considers grant awards in excess of qualified educational expenses to be taxable income. Please refer to IRS Publication 970.

Box 6

Adjustments (reductions) to an amount reported in Box 5 in any previous year.

Box 7

This box is checked if the amount in Box 2 includes amounts for an academic period that began between January and March of 2018.  If a student studied away or was otherwise not enrolled for spring semester 2018, this box will not be checked.

Box 8

This box is checked if the student attended Bowdoin College at least half-time during the year.