Form 1098-T can result in one of two things,
an education credit if more expense's were paid than aid received OR
Taxable income if more aid was received than tuition paid
Since you claim the students, if there is a credit, you get the credit and if there is taxable income, the students file and claim that income.
You can enter the 1098-T into your TurboTax program and the program will tell you if you get a credit and/or if the students need to claim scholarship income.
IRS PUB 970
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