No, the school is required to post what was PAID in the tax year, NOT what was billed.
Yes, the link under Box 1 on the 1098-T screen "What if this is not what I paid" is to be used in your situation.
Just keep a copy of the Student's school account statement with your tax file.
Report the expenses paid to the school, and if you need to use that link and override what the school reported, you can do that.
Enter additional expenses not shown on the 1098-T (if applicable) on the additional screens in the education section.
If you used a 529 distribution, you can apply the distribution to expenses such as Room and Board. This COULD free-up expenses to use for an Education Credit.
Pub 970 has some great advise and examples
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