Tax Credits

Tax Benefits for Education

You may be eligible for certain tax credits or deductions to help with your expenses for higher education. The IRS website has the most up-to-date information regarding tax benefits for education.

Loyola will provide a Form 1098-T to all students who are or have been registered for any term during the previous calendar year. The Form 1098-T will be mailed to students by January 31 at their permanent address if they have not opted in for electronic delivery in Self-Service>Tax Information. PDF version of the form can be downloaded after opting in for electronic delivery.

Loyola University Maryland will supply any additional information or answer any questions regarding student accounts; however, the University can not offer any tax advice. You should consult your tax adviser with your specific questions.

If we do not have the student's social security number in our system, a 1098-T form will not be generated. Notices are sent out yearly to request this information, as required by IRS regulations. To add the social security number, please complete the W-9S form and submit via Loyola email to Maura Donohue in the Records Office.

For additional information see:

• Form 1098-T FAQ
• Internal Revenue Service
• National Association of Student Financial Aid Administrators