Tax Information
1098-T (Tuition Statement)
What Is a 1098-T?
Drexel University is required by the IRS to provide Form 1098-T (Tuition Statement) to students who were enrolled during academic terms in the calendar year. Your 1098-T shows:
- Whether you were enrolled at least half-time.
- Whether you were a graduate student.
- Payments made toward qualified tuition and fees (Box 1).
- Scholarships or grants received during the year.
The 1098-T is used for tax purposes, but Drexel cannot tell you whether you qualify for an education tax credit or how much you may receive. For help, consult a tax advisor or IRS Publication 970: Tax Benefits for Education.
Social Security Number Updates
If you need to add or update your SSN, submit a Change in Student Identification form with required supporting documentation to Drexel Central via AskDrexel. Accepted supporting documents are listed on the form.
Important to Know
The 1098-T is based on calendar-year activity (January 1–December 31), not the academic year. Because Drexel's academic year spans two calendar years, charges and payments for one academic year may appear on two different 1098-T forms. To see your own payment history, check your records or review your account in DrexelOne.
When and How You'll Receive Your 1098-T
The deadline to sign up for electronic delivery or update your mailing address is January 16, 2027.
Drexel University will provide 1098-T statements by January 31. Only students who made payments toward qualified tuition expenses will receive a 1098-T.
Electronic delivery is the fastest and easiest way to receive your 1098-T.
- Log in to DrexelOne.
- Select the Billing+Financial Aid tab.
- Select "Opt in to Receive Your 1098-T Electronically" under Manage Online Billing.
- Select "Yes, I will receive my 1098-T electronically."
If you do not choose electronic delivery, your 1098-T will be mailed to your current mailing address listed in DrexelOne.
- Log in to DrexelOne.
- Select the "Update Address(es) and Phone(s)" link in the Personal Information channel.
- Ensure your Student Current Residence address is accurate. If not, select the "Update Address(es) and Phone(s)" link at the bottom of the page.
Download Your 1098-T Online
- Log in to DrexelOne.
- Select the Billing+Financial Aid tab.
- In the Billing channel under Account Balances and eBills, select "eBills."
- The Drexel eBill System will open in a new tab, and from there select "1098-T Tax Statements."
You can give parents or other payers access to your 1098-T.
- Log in to DrexelOne.
- Select the Billing+Financial Aid tab.
- Select the "Authorized Users" link under Manage Online Billing.
- Select the "Add Authorized User" tab.
- Enter the email address of the authorized user (lowercase only because the system is case sensitive)
- Select "1098-T" as the access you would like to grant.
- Please read the agreement and select "I Agree."
The authorized user will receive two emails—one with a login link and one with a temporary password. They'll create a new password when they log in for the first time.
IRS Form 8300 (Cash Payments Over $10,000)
Federal law requires Drexel University to report cash payments over $10,000 to the Internal Revenue Service (IRS) and the Financial Crimes Enforcement Network (FinCEN).
Drexel must file IRS Form 8300 when:
- More than $10,000 in cash is received in a single payment, or
- More than $10,000 in cash is received across multiple related payments
Cash includes physical currency and does not include checks, credit cards, or electronic payments.
What Information Is Reported?
IRS Form 8300 includes:
- The payer's name, address, date of birth, occupation, and SSN or ITIN.
- The form of identification used to verify the payer (such as a driver's license or passport).
- If the payment was made on behalf of someone else, that person's name, address, occupation, and SSN or ITIN.
What This Means for You
If Drexel is required to file Form 8300:
- You will be notified by email.
- You must complete your portion of the form in person at the Cashier's Window.
This reporting is required by law and does not indicate a problem with your student account.
Contact Us
Drexel Central Office Hours
Monday–Friday: 9 a.m.–5 p.m.
Call Center Phone Services Hours
Friday (June 26 – September 4): 9 a.m.–1 p.m.