Links and Contacts

Tax Relief Act

What is the Hope Tax Credit?

The Hope Tax Credit allows for a federal income tax credit of up to $1,500 for payments made by or on behalf of students in their first two years of post-secondary (undergraduate) education. The student must also be in a degree granting program and attending at least half-time. In most instances, a nonresident alien does not qualify for the credit.

  • The Hope Tax Credit allows for an 100 percent tax credit for the first $1,000 of payments made for qualified educational expenses and a 50 percent credit for the next $1,000.
  • The Hope Tax Credit may be taken for all qualifying students who are claimed as dependents. The student may claim the credit if he or she is not a dependent on another person's tax return

Remember to consult a tax professional to determine if you qualify for the credit.

What is the Lifetime Learning Tax Credit?

The Lifetime Learning Tax Credit assists families beyond the second year of college by providing a per year tax credit of up to 20 percent of the first $5,000 of payments made for post secondary education expenses. A maximum credit of $1,000 is allowed.

The student must be enrolled in at least one course during the tax year and in most instances a nonresident alien does not qualify for the credit.

Remember to consult a tax professional to determine if you qualify for the credit.

When will IRS Form 1098T be mailed and what address will it be mailed to?

IRS Form 1098T will be mailed no later than February 1st to the student's home address.

Who will mail the IRS Form 1098T?

Endicott College has contracted with Educational Computer Services Inc. (ECSI) to compile and mail the IRS Form 1098T to our students. Endicott College students will have unlimited access to the ECSI website via a unique PIN number where they can view and/or print a copy of their 1098T. ECSI will also provide a customer service number on the 1098T form. You may contact ECSI at 1-866-428-1098 or at www.ecsi.net.

Who will answer tax related questions?

Students should refer all tax-related questions to their own tax advisor. Students may get additional information from IRS Publication 970, Tax Benefits for Higher Education or visit the Internal Revenue Service web page: Education Credits

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