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What does each box mean?


Undergraduate | Graduate | Doctoral

Box 1: Shows the total payments received in 2014 from any source of qualified tuition and related expenses less any reimbursements or refunds made during the year that relate to those payments received during that same year. This is not reported by Murray State University. Murray state reports qualified charges billed which is Box 2.

Box 2: Shows the total amounts billing in 2014 for qualified tuition and related expenses less any reductions in charges made during the year that relate to those amounts billed during that same year.

Box 3: Shows whether your institution changed its method of reporting for the year. It has changed its method of reporting if the method (payments received or amounts billed) used in the current year is different than the reporting method used in a previous year. You should be aware of this change in figuring your education credits. The credits are allowable only for amounts actually paid during the year not amounts reported as billed, but not paid, during the year.

Box 4: Shows any adjustment made for a prior year for qualified tuition and related expenses that were reported on a prior year Form 1098-T. This amount may reduce any allowable education credit that you claimed for the prior year (may result in an increase in tax liability for the year of the refund).

Box 5: Shows the total of all scholarships or grants administered and processed by the eligible educational institution. The amount of scholarships or grants for the calendar year (including those not reported by the institution) may reduce the amount of the education credit you claim fo the year.

Box 6: Shows adjustments to scholarships or grants for a prior year. This amount may affect the amount of any allowable tuition and fees deduction or education credit that you claimed for the prior year. You may have to files an amended income tax return for the prior year.

Box 7: Shows whether the amount in box 1 or 2 includes amounts for an academic period beginning January-March of the next year.

Box 8: Shows whether you are considered to be carrying at least one-half the normal full-time workload for your course of study at the reporting institution.

Box 9: Shows whether you are considered to be enrolled in a program leading to a graduate degree, graduate-level certificate, or other recognized graduate-level educational credential.

Box 10: Shows the total amount of reimbursements or refunds of qualified tuition and related expenses made by an insurer. The amount of reimbursements or refunds for the calendar year may reduce that amount of any education credit you can claim for the year (may result in an increase in tax liability for the year of the refund).


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