Hope And Lifetime Learning Tax Credits
Important Information
(Tax Year 2009)
Shippensburg University Students:
Near the end of January 2010 you will receive an Internal Revenue Form 1098-T in the mail. The University is required to issue this form to each student who attended at any time during the 2009 calendar year. Retain this important form for income tax preparation purposes for 2009. If you do not receive a 1098-T form shortly after January 31, please visit www.ecsi.net to request a duplicate 1098-T. To request detailed information of amounts billed and paid, call the Students Accounts Office at 717-477-1669.
Federal Income Tax laws were amended for the 1998 year to allow a percentage of tuition payments to be used as credits against income taxes owed by you or whoever claims you as a dependent. These credits are known as the Hope and Lifetime Learning Tax Credits.
Due to changes in IRS regulations, the Form 1098-T must now include financial information not previously reported. The 1098-T provides part of the information you need to claim education tax benefits provided by the Hope Scholarship and Lifetime Learning Tax Credits. The Form 1098-T should be used along with the taxpayers own records of tuition and fee amounts paid to complete IRS Form 8863 to claim the tax credit.
This information is provided as required by the IRS and does not represent tax advice from the University. The taxpayer should refer to relevant IRS forms and publications or to their tax advisor and should not contact the University for explanations relating to eligibility requirements or calculations of any allowable education tax credit.
The IRS requires that the university must report either Amounts Billed in 2009 or Amounts Paid in 2009. Shippensburg University will be reporting Amounts Billed (Box 2). What is reported in Box 2 may represent an amount other than the amount actually paid by the student in 2009.
Due to Academic Years not corresponding to Tax Years, information on your 1098-T may be very confusing. Below are explanations of each box on the 1098-T to help clarify the financial data reported.
| Box 1. |
Will contain NO information. SU will be using the Amounts Billed option (see above). |
| Box 2. |
Shows the net amounts billed for tuition and qualified fees in 2009. SU bills for Spring 20010 semester in 2009; therefore, Spring 2010 charges may also be included in this box. Any new charges posted in 2009 relating to prior years may also be included. Qualified fees include Ed Service, Technology, Student Union, Activity and Recreation fees. Health Service fee, room, board and books are NOT qualified. |
| Box 3. |
This box will not be checked. Our reporting method has not changed. |
| Box 4. |
Shows any reductions in charges that were reported on a prior year 1098-T. |
| Box 5. |
Shows the total of all scholarships, grants and waivers processed by SU in 2009. Note that most Spring 2009 charges were posted in 2008 and would not be included in Box 2; however, most Spring 2009 grants and scholarships were posted in 2009 and, therefore, would be included in Box 4. This could result in amounts in Box 4 being larger than Box 2! |
| Box 6. |
Shows any reductions in scholarships, grants, or waivers that were reported on a prior year 1098-T. |
| Box 7. |
If this box is checked, the amount in Box 2 contains charges posted in 2009 for the Spring 2010 semester. |
You should use this information, along with the IRS Instructions to Students (see back of 1098-T form) and advice from your tax preparer and IRS publications, to help you complete your tax returns.
To request a duplicate1098-T, visit ECSIs website at www.ecsi.net/1098T
|
Undergraduate |
|
Graduate |
PA Resident
|
Md
Resident |
Non-Resident
|
PA Resident
|
Non-Resident
|
Spring 2009 - Full Time
|
Tuition
|
$2,679 |
$6,028 |
6,698 |
Tuition
|
$3,215 |
$5,144 |
Ed Services
|
267 |
267
|
267 |
Ed Services
|
267 |
267 |
Technology Tuition Fee
|
90.50 |
136.50 |
136.50 |
Technology Tuition Fee
|
90.50 |
136.50 |
Health Services
|
93 |
93 |
93 |
Health Services
|
93 |
93 |
Student Union
|
113 |
113 |
113 |
Student Union
|
113 |
113 |
Activity Fee
|
145 |
145 |
145 |
|
|
|
Recreation Fee
|
162 |
162 |
162 |
|
|
|
Fall 2009 - Full Time
|
Tuition
|
$2,777 |
$6,249 |
$6,943 |
Tuition
|
$3,333 |
$5,333 |
Ed Services
|
277 |
277 |
277 |
Ed Services
|
333
|
333
|
Technology Tuition Fee
|
103
|
155
|
155
|
Technology Tuition Fee
|
103
|
155
|
Health Services
|
98 |
98 |
98 |
Health Services
|
98 |
98 |
Student Union
|
130 |
130 |
130 |
Student Union
|
130 |
130 |
Activity Fee
|
170 |
170 |
170 |
|
|
|
Recreation Fee
|
167 |
167 |
167 |
|
|
|
Spring 2009; Part Time
|
Tuition (per credit)
|
$223
|
$502 |
$558
|
Tuition (per credit)
|
$357
|
$572
|
Ed Services (per credit)
|
22
|
22 |
22
|
Ed Services (per credit)
|
29
|
29
|
Technology Tuition Fee
|
44
|
67 |
67
|
Technology Tuition Fee
|
44
|
67
|
Student Union (per credit)
|
9
|
9 |
9
|
Student Union (per credit)
|
9
|
9
|
Activity Fee (per credit)
|
12
|
12 |
12
|
|
|
|
Recreation Fee (per credit)
|
13
|
13
|
13
|
|
|
|
Fall 2009; Part Time
|
Tuition (per credit)
|
$231
|
$521 |
$579
|
Tuition (per credit)
|
$370
|
$593
|
Ed Services (per credit)
|
23
|
23 |
23
|
Ed Services (per credit)
|
37
|
37
|
Technology Tuition Fee
|
60
|
82 |
82
|
Tuition Technology Fee
|
60
|
82
|
Student Union (per credit)
|
11
|
11
|
11
|
Student Union (per credit)
|
11
|
11
|
Activity Fee (per credit)
|
14
|
14 |
14
|
|
|
|
Recreation Fee (per credit)
|
14
|
14 |
14
|
|
|
|
Summer 2009
|
Tuition (per credit)
|
$223
|
$502 |
$558
|
Tuition (per credit)
|
$357
|
$572
|
Technology Tuition Fee*
|
44
|
67 |
67
|
Technology Tuition Fee *
|
44
|
67
|
Summer Services Fee (excluding Health Fee) (per credit)
|
50
|
50
|
50
|
Summer Services Fee
(excluding Health Fee) (per credit)
|
45
|
45 |
*Technology Fee not to exceed the full-time rates of $88 (in-state), $134 (out-of-state) for all summer terms.
|