From: Wahlig, Bruce C. (rmbursar@rossmed.edu)
Date: Tue Sep 10 2002 - 10:06:07 EDT
I think the central feature of "institutional aid" is whether the school
maintains the actual scholarship / grant funds (prior to award) AND decides
which students receive the scholarship / grant. (This definition should
include tuition remission, faculty dependent scholarships, and other
discounts for which the school is simply foregoing the revenue.)
Outside scholarships would not meet that test; in fact, there's very little
substantive difference between those outside scholarships, employer tuition
assistance programs, vocational rehab sponsorship payments, or even payments
from Uncle Joe.
But that's just my way of distinguishing institutional aid versus outside
scholarships. Anyone have a quasi-official interpretation of the 1098-T
regs?
-----Original Message-----
From: Bailey, Karen [mailto:ksbailey@ku.edu]
Sent: Tuesday, September 10, 2002 8:09 AM
To: bursar-l@virginia.edu
Subject: 1098-T reporting
Once again we are reviewing the reporting regs for 1098-T's and we come to
the group of knowledge seeking guidance. In the regs it states that
scholarships and grants administered and processed by the school are to be
reported. In your professional opinions, does this include outside
scholarships, for example checks from the Knights of Columbus or the
Fraternal Order of Police? These checks are recorded in our financial aid
system and are posted to the students account so we do process them. But
are they considered administered? We have several differing opinions so
your help would be appreciated.
Thanks for your input,
Karen Bailey
Bursar
University of Kansas
785-864-5929
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