From: William E. Dickerson
Director of Accounting and Financial Services

January 28, 2008
Hope Scholarship Tax Credit Information

The College has completed the mailing of 30,504 Form 1098-T Tuition Payment Statements as of January 28, 2008.  Due to the volume the College will not provide for individual student requests for a second copy of the form until February 18, 2008 to allow sufficient time for the Forms to be mailed and returned for improper address.  The forms contain the Student's name, Social Security Number, Address and the College's return address and contact phone number. The amount of qualified tuition has been reported in box 1. Scholarships, third party payments or grants are reported in box 5.  Box 8 is indicated with an X if the student was enrolled at least halftime during the calendar year 2007.

The student may obtain copies of fee receipts from the Campus Business Offices. The copy of the fee receipts will only be released to the student unless the student provides a written authorization to release to a third party due to privacy regulations.  The College does not provide tax consultation or advice. The student may need to seek the counsel of their tax advisor.  The forms are only being mailed to "Credit" students. This would exclude continuing professional development courses.

Box 1 is the total of payments received for qualified tuition and related fees less any related reimbursements or refunds. The amount reflects payments made in calendar year 2007 for Spring, Summer, and Fall enrollment. Amounts paid in calendar year 2007 for Spring 2008 enrollment will be reported on the 2008 Statement next year.

Box 5 is the total of all scholarships or grants administered and processed by San Jacinto College that were applied as payment to tuition and fees reported in box 1.  The amount of scholarships or grants for the calendar year (including those not reported by the College) may reduce the amount of any allowable tuition and fees deduction or the education credit you may claim for the year.

Box 8 if indicated with and X shows whether you are considered to be carrying at least one half the normal full time work load for your course of study.  If you are at least a half time student for at least one academic period that begins during the year, you meet the workload requirement to qualify for the Hope Scholarship credit.

If the amount of scholarships or grants calculated for box 4 is equal to or exceeds the amount of payments for qualified tuition and fees for box 1 then a Form 1098-T was not processed. Non-resident aliens and international students without a valid Social Security Number were also excluded.

For additional information please contact Accounts Receivable at 281.998.6140

Related IRS Form and Publication
a. Form 8863 – Education Credits
b. Publication 970 – Tax Benefits for Higher Education
c. The above form and publication may be available at a local library, post office, or IRS center.
d. The above forms are available from the IRS website http://www.irs.gov/