Can I receive American Opportunity or Hope Credit if I used student loans to pay part of my schooling?

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Can I receive American Opportunity or Hope Credit if I used student loans to pay part of my schooling?

Yes. Tuition and fees paid with student loan funds qualify as eligible education expenses for the American Opportunity Credit. Room and board and other expenses paid with student loan funds do not qualify. Please view the Turbo Tax FAQ below for more information.

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