The 1098-T statement shows the types of payments allocated to your eligible charges.
Box 1 contains any financial aid, loan, check, credit card, or wire transfer payments.
Box 5 contains any financial aid payments posted in the calendar year.
Payments applied to non-eligible charges do not appear on this statement. Illustration: Payments applied to tuition charges are included on the 1098-T statement; examples not included are payments applied to charges for room & board, health insurance, personal expenses, and books & supplies.
