<prompt> Human: I just received my 2016 1098-T form, and in box one for payments received for qualified tuition and related expenses, it has an amount of 6,230.95. In box five for scholarships and grants, it has an amount of 4,981.00. I know that the max amount able to be refunded is 2,500.00, so Im just wondering if Ill get that much back, or a different amount? Thanks  <response>: The amount of the credit is 100 percent of the first 2,000 of qualified education expenses you paid for each eligible student and 25 percent of the next 2,000 of qualified education expenses you paid for that student. But, if the credit pays your tax down to zero, you can have 40 percent of the remaining amount of the credit up to 1,000 refunded to you. 