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April 11, 2022
Question

Is the amount of qualified education loan in used to pay your postsecondary education in MN the student loan interest I paid in 2021or the balance of student loans?

  • April 11, 2022
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1 reply

April 11, 2022

No. 

 

Your student loan interest is the amount of interest included in the student loan repayments that you made in the tax year.

 

If you paid $600 or more of interest on a qualified student loan during the year, you should receive a Form 1098-E, Student Loan Interest Statement from the entity to which you paid the student loan interest.

 

Please read this IRS document for more information.

 

 

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