How does Cal Poly Pomona report qualified educational expenses?
Universities are allowed, by the IRS, to report qualified educational expenses in two methods. Method 1: Amounts Received. This is based on payments received by Cal Poly Pomona. The total would be reported in Box 1 . Method 2: Amounts Billed. This is based on amounts billed by Cal Poly Pomona, regardless of when payment is received. The total would be reported in Box 2 . Cal Poly Pomona uses Method 2, and that is why students will see an amount in Box 2.
