Baptist College of Health Sciences offers direct deposit services to students receiving federal financial aid refunds which includes: Pell Grants, FSEOG, Direct Subsidized and Unsubsidized loans, PLUS loans, TSAC, and TELS funds. Participating in Direct Deposit allows students to receive refunds in a timely manner.
All other refunds which include private loans, scholarships, and tuition/fees are processed and sent through the United States Postal Service.
Form 1098-T is an information tax document to aid taxpayers in determining whether they are eligible to claim a tax deduction or one of the education tax credits (Hope Credit, American Opportunity, or Lifetime Learning Credit.)
The IRS requires schools to issue Form 1098-T to each student by January 31st of each year. Forms are mailed to the student’s permanent address on file. This information may also be viewed on line.