Form 1098-E

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Form 1098-E

A form published by the IRS that one uses to report tax deductible tuition paid to a qualified educational institution in a year. The form is reported to the IRS and sent to the party paying the tuition. Because tuition may be tax deductible, receiving Form 1098-E and reporting the tuition to the IRS may significantly impact one's tax liability.
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The financial institution, governmental unit, educational institution, or any other person who receives student loan interest of $600 or more from an individual must file Form 1098E to the IRS and student.