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Does Issuing a 1099-C Prevent a University From Collecting Student Debt?
January 7, 2026
Q. Our organization is a public university. Once our University files a 1099-C to the student and the IRS for a student account that is over $600.00, can the University still collect payment in the future either by a personal payment or a debt offset payment? Or once a 1099-C is issued to the student are we no longer allowed to collect on the amount that was stated on the 1099-C?
A.
(Answered by IOFM's third-party tax expert)
Yes, the issuance of a 1099-C is only partially related to the act of…
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