Tax Credit Information

Paying for College: Tax Benefits and Savings Options

Bowling Green State University is required to provide a 1098-T document to all registered students with a valid social security number and eligible educational expenses within the prior calendar year. Eligible students may elect to receive this form electronically. Please go to MyBGSU Navigate to Students Financials 1098-T Tax Forms.

Click here to view Viewing Your 1098-T Form.

There are two tax credits-the American Opportunity and the Lifetime Learning Credits-which may help families reduce out-of-pocket expenses for tuition and related fees.

  • The American Opportunity Credit-you may be able to claim up to $2,500.00 for qualified educational expenses paid for each eligible student.
  • The Lifetime Learning Credit-you may be able to claim up to $2,000 for qualified education expenses paid for each eligible student. there is no limit on the number of years the Lifetime Learning Credit can be claimed for each student.

Who qualifies for these credits and what are the income limitations?

The university cannot determine whether a student qualifies for one of these tax credits, or what the dollar amount of the credit will be. It is highly advised that one consult a professional tax advisor.

Where can I get more information?

Please refer to 1098-T FAQ's or IRS Publication 970 for more information. To obtain copies of IRS Publication 970 call 1-800-TAX-Form.

Questions about your 1098-T tax form, call the Office of the Bursar at 419.372.2815.