What is the IRS Form 1098-T?

The IRS Form 1098-T is a statement that colleges and universities are required to issue to certain students. 

This annual tax form provides the total dollar amount paid by the student for what is referred to as qualified tuition and related expenses (or “QTRE”) in a single tax year. A student's 1098-T will become available to them at the end of January for the previous year's QTRE.