I have this same exact situation now that I've graduated. I never questioned the information on my 1098t and just put the numbers in my tax system. Please advise on how WE should proceed.
I contacted my school and was told I would have received a larger credit in 2013 since a higher tuition was claimed. This year (2014) I have to pay for the larger credit I received last year, so it basically evens out.
If I decide to go with this "wash", what address and Filer's Federal ID info should I use? Should I just use the school's information?
I was also able to find this info: "Just because you report the Pell grant as taxable income, doesn’t necessarily mean you will pay tax on it. This depends on other factors such as the amount of other income you report, your filing status, and the deductions and credits you’re eligible for".