1098-T (Tuition Statement)
Drexel University is required by the Internal Revenue Service (IRS) to issue the attached Form 1098-T (Tuition Statement) to any student enrolled during the academic terms in a calendar year. For terms in a calendar year, Form 1098-T documents if your enrollment status is at least half-time, and whether you were enrolled as a graduate student during the reporting period. The form also shows the amounts billed for qualified tuition expenses, and any scholarships or grants received between January 1 and December 31. Additionally, the form includes calendar year adjustments to charges, scholarships and grants for prior years.
The Taxpayer Relief Act of 1997 included two tax credits that may be available to persons who pay higher education costs: The Hope Credit and The Lifetime Learning Credit.
Drexel University cannot determine if you are eligible for either of these credits or the amount of the credit for which you may qualify. Please consult your tax advisor or IRS Publication 970, Tax Benefits for Education, for more information.
To determine the amounts of tuition and fees paid during the calendar year, please consult your records or go to your Banner Web account via Drexel One.
Instructions for the 2012 Tax Year
You will need Adobe Acrobat Reader 8X or higher to view your 2012 1098T. Please also allow pop ups from the eBill suite to allow the PDF to load
Instructions for the 2008 - 2011 Tax Years
Students can access the 1098-T forms online by going to the login page at www.ecsi.net/myacct.
The students will need to have the following information:
School Code = 7D
Account = DREXEL ID#
Password = pin number assigned by ECSI.
The student’s PIN number is noted on the original mailing of the 1098-T. The student can also obtain their PIN by contacting ECSI on the ECSI 1098-T hotline number at (866) 428-1098.
Additional information on the IRS 1098T form explanation can be obtained at ECSI via this web link http://www.ecsi.net/taxinfo.html
Instructions for Tax Years Prior to 2008
If you require a copy of a 1098-T Statement for a tax year prior to 2008, please contact Drexel Central via Ask Drexel.