Whoever claims the dependency exemption is the one eligible for any education tax breaks. Therefore, your parents should report the information from your Form 1098-T.
If your scholarships or grants (Box 5) are greater than your tuition, this amount may be taxable income to you and needs to be reported on your tax return. The same is true if the scholarships/grants were earmarked for room & board. Normally, it applies to qualified tuition first.
In the event you put it on both, you would not be eligible for any tax breaks because you are a dependent.
