Finance & Operations
The 1098-T form is informational only and should not be considered as tax advice.
1. What is a 1098T?
The 1098-T form is used by eligible educational institutions to report information about their students to the IRS as required by the Taxpayer Relief Act of 1997. Eligible educational institutions are required to submit the student's name, address, taxpayer's identification number (SSN), enrollment status, amounts pertaining to qualified tuition and related expenses, and scholarships and/or grants, taxable or not. A 1098-T form must also be provided to each applicable student.
2. Why did I receive a Form 1098-T?
At the end January of each year, Monroe County Community College provides and mails your 1098-T to your home address. This IRS Form 1098-T is for all students who had qualified tuition and other related educational expenses billed to them during the previous calendar year.
3. Where can I get my 1098-T?
The 1098-T forms were mailed at the end of January and are also available online. To view them online, login to your WebPal account from Monroe County Community College’s homepage. If you are experiencing problems logging into your WebPal account, please call the WebPal help line at 734-384-4333 for assistance.
4. Did Monroe County Community College send a copy of this form to the IRS?
Yes. Section 6050S of the Internal Revenue Code, as enacted by the Taxpayer Relief Act of 1997, requires institutions to file information returns to assist taxpayers and the IRS in determining eligibility for the Hope and Lifetime Learning education tax credits.
5. Why isn't there an amount in Box 1? The IRS instructs institutions to report either payments received (Box 1) or amounts billed for qualified tuition and related expenses (Box 2) on the 1098-T. Once an institution has selected one of these options, they cannot change reporting methods between calendar years without IRS permission. Monroe County Community College reports qualified tuition and related expenses that were billed during the tax year (Box 2); therefore, Box 1 - Payments Received for Qualified Tuition and Related Expenses will be blank.
6. What amounts appear in Box 4 - Adjustments made for a prior year?
This box shows the amount of any tuition and fees reductions in the current calendar year for charges that were billed in a previous calendar year.
7. What amounts appear in Box 6 - Adjustments to scholarships or grants for a prior year?
This box shows the amount of any scholarship, grant, and if applicable, third party reductions in the current calendar year for aid that was credited in a previous calendar year.
Transparency At A Glance
As a publicly funded institution Monroe County Community College is committed to providing information including financial reports to the public. The following information complies with Sec. 209 in P.A. 144 of 2022, the education omnibus budget bill, which required community colleges to publish a transparency web page and stipulates the content.
Budgeted Fiscal Year 2023-2024 general fund revenue from tuition and fees: $6,986,299
Budgeted Fiscal Year 2023-2024 general fund revenue from state appropriations: $6,257,950
Budgeted Fiscal Year 2023-2024 general fund revenue from property taxes: $14,906,295
Budgeted Fiscal Year 2023-2024 total general fund revenue: $28,748,814
Budgeted Fiscal Year 2023-2024 general fund expenditures: $28,748,814
FY 2024-2025 General Fund Revenue and Expenditure Projections:
Total general fund revenue (estimated): $31,204,501
Total general fund expenses (estimated): $31,204,501
Project: HVAC Project – Debt Obligation $16,151,962
2023-2024 Principal Payment: $1,093,899
2023-2024 Interest Payment: $332,518
6/30/2023 Outstanding Principal: $9,906,895
6/30/2024 Outstanding Principal: $8,812,936
Fire | Wed., 9.10.25
Health Ed – 8:15am
Tech Center – 8:30am
Life Sciences – 8:45am
Student Center – 9:00am
Founders Hall – 9:15am
Campbell Center – 9:30am
LZB Center – 9:45am
Whitman Ctr. – 10:45am
Tornado | Wed., 9.17.25
Main Campus – 9:00am
Whitman Ctr. – 11:00am
Main Campus – 5:30pm
Whitman Ctr. – 6:30pm
Tornado | Wed., 3.18.26
Main Campus – 9:00am
Whitman Ctr. – 11:00am
Main Campus – 5:30pm
Whitman Ctr. – 6:30pm
Fire | Wed., 4.1.26
Health Ed. – 12:30pm
Tech Center – 12:45pm
Life Sciences – 1:00pm
Student Center – 1:15pm
Founders Hall – 1:30pm
Campbell Center – 1:45pm
LZB Center – 2:00pm
Whitman Center – 3:00pm
Higher Education Emergency Relief Fund (HEERF) Reporting
Accreditation Information
Higher Learning Commission
230 South LaSalle Street, Suite 7-500
Chicago, Illinois 60604
Phone: 800.621.7440
http://www.hlcommission.org/
Email: info@hlcommission.org