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7
704d06b0446a
March 11, 2020
Question

I had taken out a loan for to attend college, would that count as college expenses even though I haven’t started paying back on it yet?

  • March 11, 2020
  • 1 reply
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1 reply

D
DavidD66
March 11, 2020

Neither loans for college nor the repayment (principal or interest) qualify as college expenses.  A qualified education expense would be the tuition you paid with the proceeds from a loan, not the loan itself.

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NCPERSON1
March 11, 2020

begin with the 1098T as the qualified expenses.  As noted, the loan repayment is not a qualified expense. 

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