Solved
Do I need to claim student loan refund as income ( California)
I received a student loan refund (art institute) will I need to claim as income this year? I'm in California.
Q. Do I need to claim student loan refund as income?
A. No. Loan money was always "your money" (because you have to pay off the loan, later) and not income. If you got a refund of scholarship money (instead of loans), then that might be treated differently (depending on what other expenses you have).
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