Tuition
In the Institution Config / Accounts / Tuition tab, you can set up the defaults for generating tuition statements, including the Canadian T2202 and the U.S. 1098T forms. ampEducator pulls the necessary data based on the information you've entered in the system. Therefore, it is crucial to ensure that all programs, courses, credit hours, and invoices are accurately set up and properly linked to their respective programs and courses to ensure correct reporting.
For information on how to generate statements, see Tuition Overview.
For Canadian institutions, the T2202 is used to report tuition information to the Canadian government. This form includes details about the tuition paid and eligible education amounts for students.
- Statement Type – Choose Canada (T2202).
- Account Number* – Enter your institution's number for tuition reporting. Example: 123456789RT0001.
- Institution Type – Select the type of institution (e.g., College, University, etc.).
- Full Time Credits – Enter the number of credits that constitute full-time status at your institution.
- Eligible Programs – Choose from your available programs.
- Eligible Courses – Choose from the courses that are eligible for reporting.
- Eligible Revenue – Choose the revenue accounts related to tuition.
- Auto Apply Payments – Select Yes to automatically apply payments to outstanding charges and invoices.
For U.S. institutions, the 1098T form is used for reporting tuition and related expenses to the Internal Revenue Service (IRS). This form includes information about qualified tuition, scholarships, and other education-related expenses for U.S. students.
- Statement Type – Choose United States (1098T).
- Account Number* – Enter your institution's number for tuition reporting. Example: 123456789RT0001.
- Full Time Credits – Enter the number of credits that define full-time status at your institution.
- Eligible Programs – Choose from your available programs.
- Eligible Courses – Choose from the courses that are eligible for reporting.
- Eligible Revenue – Choose the revenue accounts related to tuition.
- Grants / Scholarships – Select whether grants or scholarships are applicable for reporting.
- Graduate Programs – Choose the graduate programs that are eligible for reporting.
- Graduate Courses – Choose the graduate courses that are eligible for reporting.
- Auto Apply Payments – Select Yes to automatically apply payments to outstanding charges and invoices.
ampEducator is not a substitute for professional accounting or tax advice. The institution is responsible for ensuring compliance with all applicable tax laws and regulations. It is recommended that you consult with a qualified accountant or tax professional for proper guidance on tuition and tax reporting.