Regarding for Form 1098T
Furman University is required to provide form 1098T to all students with qualified tuition and related expenses. Furman reports amounts billed based on transaction date. For students who register for the upcoming spring semester in November or December, the billing date will fall in a different tax year than the actual date of attendance. Therefore, a student who registers for spring semester 2016 before January 1, 2016 will have qualified tuition amounts reported for the tax year 2015 in box 2 of the 1098t form. Scholarships and Grants, shown in box 5, are reported in the same manner. This information is being furnished to the Internal Revenue Service.
In general, if the amount in Box 2 of the 1098T form exceeds the amount in Box 5, you may be eligible for a tax credit or deduction. If the amount in Box 5 exceeds the amount in Box 2, the student may have taxable income.
If you have a question about the amounts reported on form 1098T, please contact our office. Specific questions regarding eligibility of the Hope Scholarship, Lifetime Learning or American Opportunity tax credit should be referred to your tax advisor.
Students may view and print a duplicate copy of the 1098T form by logging into their MyFurman account and clicking on "student financial information" and "view 1098T".
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Student Health Insurance
Furman does not provide a health
insurance plan for its domestic students. International students are
required to purchase a plan provided by EIIA.
The Earle Student Health Center on campus operates like other physician
offices/health practices. Students should bring their health insurance card
with them when visiting the center. Students’ primary insurance provider will
be billed. Please check with your family insurance provider to make sure that
the student will be adequately covered while away at school. Your insurance
provider may require an enrollment
certification for your student.
Furman does provide all undergraduate
day students with a Student Sickness Benefits Plan (at no additional cost) that
will generally cover co-payments. Find out more about this coverage.
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Furman University has partnered with GradGuard™
to offer tuition insurance from Allianz Global Assistance.
The tuition protection plan is like an extension of our
refund policy. It can reimburse up to 100% of your nonrefundable school costs
after a midsemester withdrawal for a covered illness, injury, psychological
condition, and more—protecting your investment in higher education.
Check out the GradGuard™ web site for more details.
Insurance must be purchased prior to first day of
classes. Coverage extends through the end of that semester.
Tuition insurance is completely optional. The agreement
you enter into is with GradGuard, not with Furman University.
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