University of Arkansas for Medical Sciences, in conjunction with Heartland Campus Solutions ECSI, are offering you the opportunity to receive your 1098-T Tuition Statement electronically this year.  If you would like to receive your 1098-T form electronically, please give your consent by following the link provided below and following the step by step instructions.  In order to take advantage of this you will need to complete and submit the form on or before December 31, 2019.

1098-T Electronic Consent: http://www.ecsi.net/gateway/1098t-signup.html?school=B7

If you choose to receive a paper copy of your 1098-T statement, simply do nothing.

The benefits to receiving electronic notification are:

  • Online delivery provides access to the form 1098-T earlier than the traditional mailing process.
  • Online delivery eliminates the chance that the 1098-T will get lost, misdirected or delayed during delivery, or misplaced once the student receives it.
  • Signing up for online delivery is easy and secure.
  • Students can receive their 1098-T form even while traveling or on assignment away from their home address.

To give consent to receive your 1098-T form electronically, click on the link below and follow the simple instructions to sign up!

Step 1: Website:  http://www.ecsi.net/gateway/1098t-signup.html?school=B7

Step 2: Signup for Electronic Statements by entering your Student ID (not SSN!), Name, and Email Address (with the option to include an alternate email address). ECSI’s website is a secure website and ECSI will not share your private information with anyone.  This email is strictly sent to gather your consent for receiving an electronic 1098-T Form.

Step 3: Read information, check box and click submit.

If you have any questions, please visit http://www.ecsi.net/taxinfo.html for information regarding your tax documents and to obtain contact information for ECSI.  Or contact us at 1-888-549-3274.

If you did not consent to receive your 1098T form electronically and did not receive the form in the U.S. mail you can access your 1098T by  clicking here.  Our school code is B7

If you don’t already have access to ECSI (3rd Party servicer) there will be a link “click here to retrieve your login credentials” to gain access to view and print the 1098T. If you have any problems or questions contact ECSI at 1-888-549-3274.

Taxpayer Relief Act of 1997

The Taxpayer Relief Act of 1997 created several new tax benefits for families who are saving for, or already payment, higher education costs or are repaying student loans.

A few of the benefits provided by this Act include the Hope Credit, Lifetime Learning Credit, and a student loan interest deduction.

The information provided is not intended as legal or tax advice.  Individuals should obtain IRS Pulication 970, Tax Benefits for Higher Education, or contact a tax practitioner about personal income tax situations.

Hope Credit

You may be entitled to a tax credit resulting from the Taxpayer Relief Act of 1997.  The Hope Credit is available to first and second year, full time undergraduate students.  A tax credit of 100% of the first $1,000 and 50% of the second $1,000 (for a total of up to $1,500) spent for qualified tuition and fees (less scholarships, grants, and other tax-free educational assistance) can be used for each of the student’s first two years.  The amount a taxpayer may claim as an American Opportunity Credit is gradually reduced for taxpayers with modified adjusted gross income (AGI) between $40,000 and $50,000 (between $80,000 and $100,000 for married taxpayers filing jointly).  Taxpayers with income levels in excess of these amounts may not claim the credit.

Lifetime Learning Credit

Taxpayers may be able to claim the Lifetime Learning Credit, which requires the student to be enrolled in at least one post-secondary course at an eligible institution.  Students or parents may claim a 20% tax credit for the first $5,000 of tuition and required fees paid each year (for all students in the family).  The Lifetime Learning Credit can be claimed for tuition and required fees minus any grants, scholarships, or other tax-free educational assistance.  The maximum credit is determined on a per-taxpayer (family) basis, regardless of the number of post-secondary students in the family.  The amount a taxpayer may claim as a Lifetime Learning Credit is gradually reduced for taxpayers with modified adjusted gross income (AGI) between $40,000 and $50,000 (between $80,000 and $100,000 for taxpayers filing jointly).

IRS Links

American Opportunity Credit

Lifetime Learning Credit

Student Loan Interest Deduction

Updated 11/4/13