Yes, you need to wait until you receive a copy of the 1098-T from your college before you file your taxes. There is information on the form that is required on your return in the educational tax credit section.
If you receive general scholarship or grant aid in excess of the cost of tuition, fees, and books, the excess amount is taxable. The 1098-T will show that amount paid for tuition and fees (Box 1) and the amount of scholarship and grants (Box 5).
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