The Office of Business Affairs sends 1098-T forms the end of January.  If the total scholarships and grants exceed the total tuition and related expenses, the student may have taxable income.  However, if the total tuition and related expenses exceed the total scholarships and grants, the person who claims the student as an exemption may receive an education tax credit on the Federal Income Tax return.  A worksheet, “How the 1098-T affects the IRS and you” is available under Miscellaneous Forms.