<p>I applied to two scholarships (when I applied I remember the scholarship was for 2012-2013--but now that I look back it's 2013-2014) and I'm graduating this Spring. Am I still eligible?</p>
<p>Also, I received a tax return form (1098-T) from the school but I haven't received any money from the school or anything. The box 1 and 5 are filled out with the $ amount.</p>
<p>I'm just really confused, do I have to go claim it at school or something?</p>
<p>Did you have a scholarship that reduced the amount that you owed? Scholarships from the school itself do not allow you to “receive” money; it just takes that amount off from your bill.</p>
<p>If not, contact the bursar’s office and ask them to explain the amounts on your 1098-T.</p>
<p>No, I’ve checked my financial aid and it still only has the usual grants that I’ve received in the past. Nor do I see the names of the scholarships that I applied to on there.</p>
<p>Could it be since it’s for the 2013-2014 school year, it’ll show up for that? But I’ll graduate before then. But I am planning to go to graduate school after a year off, do schools hold it for students?</p>
<p>If box 5 is more than box 1 you may have to report the excess on a tax return as taxable income to you. If box 1 is more than box 5 your parents, if they claim you as a dependent on their taxes, may be able to take a tax credit based on the amounts. You can add the cost of required books and supplies to the amount in box 1 if your parents take the tax credit or to determine if your scholarships/grants are taxable. If you kept the receipts, that is.</p>
<p>The 1098T you just received only includes scholarships/grants and tuition paid in 2012.</p>
<p>Line 5 would be the grants that you received.</p>
<p>The answer to your first question is no. Since your won’t be in school, you can’t benefit from the scholarships.
The answer to the second part, as revealed in your second post in this thread, is that the 1098-T is for the grants.</p>