When it says enter the total number of qualified student loans used to pay for your post secondary education, enter the original loan balances, what is that number?

Forum|Forum|6 years ago
June 7, 2019
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I'm trying to enter in my student loan credit information. I believe my loans are qualified but I am having a hard time finding the numbers they are wanting me to ender. The amount paid, and I am confused on what it means when it asks "enter the total number of qualified student loans used to pay for your post secondary education, enter the original loan balances, not the remainder balances." Where are these numbers are they looking for?

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Best answer by AnthonyC

I'm assuming you are filling out the MN student loan credit information. They are asking for the amount you actually took out in loans to pay for school. So, if you took out a $10,000 loan 5 years ago and have been paying it since then - they are asking for the $10,000 number - not what you have paid or how much left.

BUT - there is a $5,000 max original loan amount for that credit anyways - so if you know you had more than that in original loans, you can just enter $5,000.

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BUT - there is a $5,000 max original loan amount for that credit anyways - so if you know you had more than that in original loans, you can just enter $5,000.