Form 1098-T

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Form 1098-T

A form published by the IRS that a lender uses to report the interest that a borrower pays on a student loan in a year in excess of $600. The form is reported to the IRS and sent to the borrower. Because student loan interest is tax deductible up to a certain limit, receiving Form 1098-C and reporting the interest paid to the IRS may significantly impact one's tax liability.
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In addition, schools can exclude certain (1) students from receiving Forms 1098-T and (2) transactions from the totals they report; see Regs.
While these individuals will be constrained by FERPA from discussing too much specific account detail, they will also be aware of the challenges typically faced by students and the tax professionals who use their Forms 1098-T, and can still offer some relevant guidance that may answer some questions.