Tax question: college accounting doesn't reflect actual outlay

<p>I always wondered about this too … why was it that the amounts on college bills bore no relation to the amounts listed on the 1098? Like many prior posters, I look at the 1098, check it against the bills I paid during the year, then throw the 1098 in a drawer … because it’s almost always way low. (This year the 1098 said $872 … for an OOS public. I wish!)</p>