wilde0626
New Member

I didn't recieve a 1098T in the mail but I see it online. It says ineligible payment, paid by financial aid. What does that mean?

 
JosephF8
Expert Alumni

Education

You will need to call the school to clarify. It sounds like your tuition was paid through some form of financial aid.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Hal_Al
Level 15

Education

That's a new one. It must be something your school does on it's own. You'll have to ask them. It's not an IRS requirement.  

 

"Paid by financial aid" does not preclude you, or your parents, from claiming a tuition credit or deduction. Student aid may include loans as well as scholarships.  Loans are definitely eligible for a tax credit. Grants may be, depending on the conditions of the grant.  On the other hand, if this is your school's way of saying it was a condition of your grant that it be used to pay tuition, then they are right, you are ineligible.