Non Registration Activities
The Bursar Office is also responsible for non registration activities like the 1098-T tuition payment form so that students who are eligible can receive the Hope or Lifetime Learning Credit on their Federal Tax return and the return of TITLEIV funds for students who have received financial aid and have completely withdrawn for school for a given semester.
Visit or contact the Bursar office for information about these services.
About 1098-T Tax Form
The 1098-T form is a document for student who would like to take a tax credit for the Hope or Lifetime Learning Credit. The 1098-T form is sent to every student (the data is sent to the IRS) and details student payment information so that the credit can be calculated on the student's tax form. The information that the 1098-T supplies are eligible tuition payments made, the financial aid credited to a student's account and any refunds of tuition payments received. Students should use this form to prepare their taxes or give it to the tax professional that is preparing the taxes for the student. If a student has payment evidence (cancelled checks, credit card receipts or payment receipts) the student can file for the credit without the 1098-T form. The 1098-T forms are mailed in early February; if a student does not receive a form they can come to the Bursar Office to receive a duplicate. To request a duplicate 1098-T form for the current tax year please call 646-312-1288.
Starting for the tax year 2003, International students will have a form sent with the social security number missing if the school cannot determine if the social security number is accurate . International Students will not be able to take the Hope or Lifetime Learning Credit if the IRS does not receive a valid social security number or taxpayer identification number from Baruch College. The IRS forbids the school from displaying a student social security or taxpayer identification number (TIN) that is not valid. Students must come to Baruch and change their number to the correct identification number at the Registrar's Office (the student must produce a social security card or other approved document stating that the number is valid) before the Bursar Office can issue a corrected 1098-T with the correct number for the student. International students can contact the International Student Office at Baruch College for more details.
When students register and ask for a deferment, they are required to sign a document stating that they will pay by a specific due date. All students whether they have signed a deferment agreement or not are required to pay by 30 days after the first day of classes (except in the case of TuitionPay where students have until the third month of a semester). The Bursar bills are sent out on monthly intervals (except during registration activities) reminding students that they have an outstanding balance. Student who choose to pay after their specific due date are charged a $15 late fee and a Bursar stop is placed on their registration records. The reason that a time frame was set to two business days is twofold; the first reason is to prevent students from waiting to pay the same day they need to register. This creates long wait times (during the Bursar Office's busiest time) for students who need to speak to Bursar representatives about specific registration related issues (billing errors or general questions) because the students who have paid late are taking up staff time to ask the Bursar Office staff to have the stop removed immediately. The second reason is that even though the Bursar Office rarely takes two days to remove the stops, there are times that the Bursar Office cannot remove the stops due to our registration system being unavailable (ex. system problems). Therefore, the Bursar Office does not want to guarantee the exact time or day the stops will be removed. In cases when the student has lost financial aid a few days before the student is scheduled to register and they now have a outstanding balance, the Bursar Office will temporarily removed the stop so that students can register and setup a payment plan to pay the balance during the next semester.
