I'm trying to file state taxes for MN and there's a 5k cap on "total qualified student loans." I am a graduate student and I've taken out 64.6k in loans so far. Help?
Are only some loans "qualified"? And if so how do I differentiate them? This is the section of the tax form after it asks for the amount of money I have spent repaying loans the past year (about $600 to fight my rapidly accumulating interest). Any help would be much appreciated!