The IRS Taxpayer Relief Act of 1997 requires that eligible institutions send a 1098-T form to any student who has “qualified educational expenses” in the preceding tax year. This form is used to identify the student’s amount of qualified education expenses for tax credit purposes. Qualified expenses include tuition, and any fees that are required for enrollment, and course materials the student was required to buy from the school. For Information on Education Tax Credits: https://www.irs.gov/credits-deductions/individuals/education-credits-aotc-llc
Applicable students and graduates are being mailed 2020 1098-T Forms by Alexander Paul Institute of Hair Design’s software vendor to the permanent address on file with the school. These are scheduled to arrive prior to 1/31/2021.
In addition, many students in 2020 received Emergency Financial Aid Grants through HEERF. Those funds are not taxed as income and the IRS’s FAQ on those funds is here: https://www.irs.gov/newsroom/faqs-higher-education-emergency-relief-fund-and-emergency-financial-aid-grants-under-the-cares-act