Saturday, October 24, 2009

Can I use the tuition tax credit if my tuition was paid through student loans?

Yes you can. This is money that you will eventually have to pay back which is why you can use that tuition for the hope credit or life time credit. You CANNOT use tuition paid for by grants or scholarships because that is tax free money that you do not have to pay back.

Can I use the tuition tax credit if my tuition was paid through student loans?
I don't think so , but if you had interest on those loans you have be able to count the interest.


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