student accounts – r

Students utilizing veteran’s benefits to pay their tuition and fees should contact the college’s Veteran’s Services Office. The Veteran’s Services Office will be able to assist students in determining the amount of benefits available and offer other services to these students.

As with any sponsorship, in the event we cannot collect these benefits on behalf of the student, the student will be considered the responsible party for payment.

Please review the Veteran’s Services web page for additional information.

Students wishing to receive a refund of tuition and fees must withdraw by the term dates specified. View the withdrawal/refund policy.

Students are encouraged to provide direct deposit information for any anticipated refunds. Refunds are issued twice a week to direct deposit accounts; refund checks are processed once a week. Students may enroll in their direct deposit program, through the MyMassasoit web portal under Self-Service Student and Direct Deposit Enrollment & Changes. An email confirmation will be sent to your MyMassaoit account.

Students will be invoiced for tuition and fees several weeks before the semester begins or shortly after registration. Assessed charges can be viewed online in your portal account immediately upon registration.

Shortly after the semester begins, the College will begin invoicing students for any remaining amount due on their account. A restrictive hold will be placed on accounts with outstanding balances, restricting access to future registration.

After the last day of classes for the term, the college will send students statements for past due balances. Accounts that remain outstanding beyond four statements will be referred to our collection agency. Students are responsible for collection costs incurred, approximately 20% of the balance due. The College also participates in the Commonwealth’s Intercept Program where tax refunds and/or others funds disbursed by the Commonwealth may be intercepted for payment of amounts due to the College.

Students who believe there is an error in their account billing may request a hearing within 15 days of the statement date as required by MGA Chapter 30A. To request information regarding specific charges on your account or additional information regarding the hearing process, please email Student Central at studentcentral@massasoit.mass.edu.

The College provides an appeal process for tuition and fees charged to students who are unable to complete their course work due to emergency/medical circumstances. All appeals require supporting documentation and are reviewed by committee. Students should review the appeal form with included instructions and submit their appeal.

What is form 1098-T?
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.

In previous years,1098-T included a figure in Box 2 that represented the qualified tuition and related expenses (QTRE) that were billed to a student’s account for the calendar (tax) year. Due to a change in federal law, beginning with tax year 2018, we will report in Box 1 the amount of QTRE were paid by a student during the year.

So, what does that mean?
This means that you will no longer see any amounts in Box 2 (Amounts billed for qualified tuition and related expenses) on a 1098-T form. You will, however, see an amount in Box 1 (Payments received for qualified tuition and related expenses).

Depending on a student’s income (or a family’s income, if they are a dependent), whether they were considered full or half-time enrolled, and the amount of their qualified educational expenses for the year, they may be eligible for a federal education tax credit. More detailed information about claiming education tax credits.

The dollar amounts reported on a Form 1098-T may assist the student in completing IRS Form 8863 – the form used for calculating the education tax credits that a taxpayer may claim as part of their tax return.