Important Tax Information: Tax Credits, Tuition Statements, Student Loan Interest Statements, IRS Forms and Publications

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Current Students > Financial Services > Student Accounts > Important Tax Information

Important Tax Information

Hope and Lifetime Learning Tax Credits

The Tax Relief Act of 1997 (TRA97) established two education tax credits, a tuition and fee deduction and a student loan interest deduction.

Please refer to the following resources, particularly IRS Publication 970, for additional information and instructions on how to claim education tax credits and deductions.

�		2007 1098-T Tuition Statements

�		2007 1098-E Student Loan Interest Statements

�		IRS Website

�		IRS Forms and Publications

�		2007 1098-T Tuition Statements 2007 Tuition Statements (form 1098-T) will be mailed to students by January 31, 2008. Students may print a duplicate copy by accessing the Vangent TRA Pearson website at http://www.tra.pearsongov.com/tra/index.htm. Click on �Student Services� Enter Clarkson College�s School Code: 00986200 SSN: Social Security Number Name ID: First two characters of your last name PIN: This should be the last 4 digits of your social security number If you are unable to access your information call 800.223.0043 at Vangent and a Customer Service Representative will be able to assist you. If you have additional questions, please contact the Clarkson College Student Accounts Office at 402.552.3426 or sfsassist@clarksoncollege.edu. [Top of page]

�		2007 1098-E Student Loan Interest Statements Student Loan Borrowers can expect to receive 1098-E Tax Forms from each of their lenders. Forms will be printed if the borrower paid interest on his or her loan(s) during the 2007 tax year. If the student, or former student, borrowed a Federal Nursing Student Loan from Clarkson College, and the borrower is in repayment on that loan, the borrower will receive a 1098-E form from Clarkson College�s billing service, ACS, Inc. To request duplicate 1098-E forms, the borrower must contact his or her lender(s). [Top of page]

�		IRS Website http://www.irs.gov [Top of page]

�		IRS Forms and Publications Publication 970 (PDF), Tax Benefits for Education www.irs.gov/pub/irs-pdf/p970.pdf Form 8863 and Instructions (PDF), Education Credits (Hope and Lifetime Learning Credits www.irs.gov/pub/irs-pdf/f8863.pdf Tax Topic 605, Education Tax Credits www.irs.gov/taxtopics/tc605.html Frequently Asked Tax Questions and Answers, Education Tax Credits www.irs.gov/publications/p970/index.html [Top of page]

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