Understanding the 1098-T Box 1 and Box 5

Source: https://bursar.uchicago.edu/taxes/understanding-the-1098-t-box-1-and-box-5 Parent: https://bursar.uchicago.edu/tuition-and-fees/tuition-and-fees-2025-26/tuition-and-fees-2025-26-college

Payments Received for Qualified Tuition and Related Expenses - Box 1

The amount reported in Box 1 includes all payments made toward Qualified Tuition and Related Expenses (QTRE) during the tax year (January 1-December 31).

Qualified Tuition and Related Expenses include tuition, fees, and course materials required for a student to be enrolled at or attend an eligible educational institution.

Examples of these include but are not limited to:

• Tuition

• Student services fee

• Lifetime transcript fee

• Course or program fees (i.e., College Class Fee)

Examples of charges that are not considered qualified tuition and related expenses include but are not limited to:

• Room and board fees

• Insurance and medical fees

• Transportation fees (i.e., UPass, parking, etc.)

• Late and penalty fees (i.e., library fines, etc.)

• Other fees (pre-orientation fee, payment plan enrollment fee)

Scholarships and Grants - Box 5

The amount reported in Box 5 includes the total amount of scholarships and grants disbursed to the student account during the tax year.

This generally includes funds from third parties such as federal, state, and institutional funds, as well as government organizations.

For detailed information, please refer to IRS Publication 970.