1098-T (Tuition Statement)

Drexel University is required by the Internal Revenue Service (IRS) to issue 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 reports payments (Box 1) received for qualified tuition expenses and any scholarships or grants received between January 1 and December 31.

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.

Information reported on the federal form 1098-T by Drexel University is based on transactions that occur on the student's account within a single federal tax year (January 1–December 31). Since Drexel's standard academic year spans two tax years, transactions for one academic year may be reported in two separate tax years, which could affect the 1098-T form from one year to the next.

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 DrexelOne.

Access Your 1098-T

Drexel University will be providing 1098-T statements to enrolled students by January 31. Please note that only students with payments toward qualified tuition expenses will receive a 1098-T form.

Sign up for Electronic Delivery

We strongly encourage all students to select to receive their 1098-T Forms electronically. Electronic delivery is more timely and efficient for you and your parents to receive this important tax information. To sign up for electronic delivery, please complete the following no later than January 19, 2024:

1. Log in to DrexelOne.
2. Select the Billing+Financial Aid tab.
3. Select the "1098-T Tax Information" link under Manage Online Billing.
4. Select "Yes, I will receive my 1098-T electronically."

Confirm Your Mailing Address to Receive the 1098-T by Mail

Any student who does not sign up for electronic delivery will receive a paper 1098-T mailed to their current mailing address as it appears in DrexelOne, postmarked by January 31, 2024. Students who choose to receive their 1098-T by mail should ensure that their address is correct and make any necessary updates no later than January 19, 2024:

1. Log in to DrexelOne.
2. Select the "Update Address(es) and Phone(s)" link under the Personal Information channel.
3. Ensure your Student Current Residence address is accurate. If not, select the "Update Address(es) and Phone(s)" link at the bottom of the page.

Retrieve Your 1098-T in the eBill Suite

1. Log in to DrexelOne.
2. Select the Billing+Financial Aid tab.
3. In the Account Balance and Bill channel select the "eBills" link.
4. In the top navigation, click Statements under the My Account tab.
5. Select 1098-T Tax Statements.

Retrieve Your 1098-T in Banner Self-Service

1. Log in to DrexelOne.
2. Select the Billing+Financial Aid tab.
3. Select the "1098-T Tax Information" link under Manage Online Billing.
4. Select the Student Services tab at the top of the screen.
5. Select the "Student Records" link in the list.
6. Select the "IMPORTANT STUDENT TAX INFORMATION: IRS TAX FORM 1098-T" link in the list.

Grant an Authorized User Access to Your 1098-T

You have the ability to grant an authorized user access to your 1098-T, by using the following instructions:

1. Log in to DrexelOne.
2. Select the Billing+Financial Aid tab.
3. Select the "Authorized Users" link under Manage Online Billing.
4. Input the email address of the authorized user (please use all lowercase letters as the system is case sensitive).
5. Select "1098-T" as the access you would like to grant.
6. Select the "Add User" button.
7. Please read the agreement. To authorize, you must enter the last four digits of your student identification number in the box.
8. Select the "I Agree" button.
9. Two emails will be sent to the authorized user. One will include a link to the authorized user website and the email address you have authorized; the second will include the authorized user's temporary password. The first time the authorized user logs in, they will be prompted to select a new password.