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Taxes & Insurance

Student Health Insurance

Furman does not provide a health insurance plan for its domestic students.  International students are required to purchase a plan provided by EIIA.  The Earle Student Health Center on campus operates like other physician offices/health practices. Students should bring their health insurance card with them when visiting the center. Students’ primary insurance provider will be billed. Please check with your family insurance provider to make sure that the student will be adequately covered while away at school. Your insurance provider may require an enrollment certification for your student.

Furman does provide all undergraduate day students with a Student Sickness Benefits Plan (at no additional cost) that will generally cover co-payments. Find out more about this coverage.

Tuition Insurance

Furman University has partnered with GradGuard™ to offer tuition insurance from Allianz Global Assistance.

The tuition protection plan is like an extension of our refund policy. It can reimburse up to 100% of your nonrefundable school costs after a midsemester withdrawal for a covered illness, injury, psychological condition, and more—protecting your investment in higher education. Visit the GradGuard™ website for more details.

Insurance must be purchased prior to the first day of classes. Coverage extends through the end of that semester. Tuition insurance is completely optional. The agreement you enter into is with GradGuard, not with Furman University.

Tax Information

Tuition Statements,  Form 1098-T

1098-T forms are provided to all students with qualified tuition and related expenses each January. The form reports amounts billed based on transaction date. Accordingly, spring semester charges are reported in the previous calendar year if you register prior to January 1.

All qualified tuition amounts reported for the last calendar year are reported in box 2. Scholarships and grants, shown in box 5, are reported in the same manner. This information is being furnished, as required, to the Internal Revenue Service.

You should also know if the amount in box 2 of the 1098T form exceeds the amount in box 5, you may be eligible for a tax credit or deduction. If the amount in box 5 exceeds the amount in box 2, you likely have taxable income.

We can address questions about the amounts reported on your 1098-T, Specific questions regarding eligibility of the Hope Scholarship, Lifetime Learning or American Opportunity tax credit should be referred to your tax advisor.

Students may view and print duplicate copies of their 1098-T by logging into their MyFurman account, selecting the “student financial information” menu and the “view 1098T” option.

American Opportunity and Lifetime Learning Credits, Form 8863

Federal tax credits available to eligible students. Consult current IRS publications to learn more.

Tax Benefits for Education, Publication 970

Federal tax benefits which may be available for those saving for or paying higher education costs.  Find out more from the IRS.

IRS website, irs.gov

The definitive site for all US tax information.