1098-T Information
Our Lady of the Lake University (OLLU) is required by the Internal Revenue Service (IRS) to file an annual Tuition Statement (Form 1098-T) for each student who is a U.S. citizen or permanent resident pursuing a degree, and for whom a reportable transaction is made (i.e. tuition, fees, and any scholarships or grants received). This information should be combined with your own payment and financial aid records in determining any impact on your tax return. Consult relevant IRS publications or advice from a tax professional for further information.
The 1098-T Forms are provided to current and former students annually by the IRS mandated deadline for the respective tax year.
Delivery of your 1098-T
Electronic 1098-T
The 1098-T forms are only available electronically. Documents are not mailed.
OLLU contracts with third-party vendor Heartland to provide the IRS Form 1098-T. Forms will be made available online no later than the IRS deadline. Visit the Heartland ECSI website to view and print your form .
Frequently Asked Questions
OLLU 1098-T forms are only available electronically. Documents are not mailed. This became effective for the 2019 tax year.
OLLU contracts with third-party vendor Heartland to provide the IRS Form 1098-T. Forms will be made available online no later than the IRS deadline. Visit the Heartland ECSI website to view and print your form .
Contact the OLLU Student Business Office at 210-431-3944.
These are available in your personal registration papers. However, all of your account transactions are available on the myOLLU Portal in the Self-Service, Student Finance section. Contact the Student Business Office at 210-431-3929 for an itemized transaction listing of your account if necessary.
The 1098-T only includes qualifying tuition and fees, scholarships, grants or other gift aid. Technology fees and lab fees are qualifying fees and are also included; but other fees like general fees, dorms, or book fees are non-qualifying and are not included. The IRS instructs institutions to report payments received in Box 1. OLLU only reports Box 1 payments received for qualified tuition and related expenses. For payment information, consult your personal receipts or check your student account at the Business Office or on the web.
Yes, the information on the 1098-T is reported to the IRS each year, no later than the end of March.
The 1098-T form is utilized as a guide in the preparation of your taxes. Its purpose is to assist you in determining whether you are eligible for an education tax credit. The form is not a receipt for all payments to your account.
You received a 1098-T because your account had a tuition and fee transaction, OR a payment to your account by scholarship, grant or gift aid sometime within the calendar year.
Contact the Registrar's Office at 210-431-3959. They will require proof of your correct Social Security number. This also applies if your name is incorrect. You may need to complete a form W-9S.
This is a result of registering for spring courses before the calendar year is complete. This may nullify (net out) your fall tuition charges, making it appear that you received more scholarships or grants than tuition charges. Your registration papers show the full tuition charges for each semester that you were a student during the academic year.