![]() ![]() Information on the 1098-T is available from the IRS at Form 1098-T, Tuition Statement. 2) Appeal the credit decision with the Department of Education. It allows FP users to: collect, process, maintain, transmit, and report data about financial events ON-LINE. All students will be considered for this loan after completing the FAFSA. The 1098-T, Tuition Statement form reports tuition expenses you paid for college tuition that might entitle you to an adjustment to income or a tax credit. FP On-line Transaction Processing via FMS What is FMS FSAs Financial Management System (FMS) is a centralized system for all FSA financial transactions. Department of Education is available on our Loan Servicer page.įor more information about student loan interest deduction, visit the IRS's Tax Benefits for Education: Information Center. ![]() They can be used on tuition or loan interest or to maximize your college savings.Ī list of Federal Student Aid servicers for the Direct Loan Program and for FFEL Program Loans purchased by the U.S. The IRS provides tax benefits for education.
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