I had taken out a loan for to attend college, would that count as college expenses even though I haven’t started paying back on it yet?

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I had taken out a loan for to attend college, would that count as college expenses even though I haven’t started paying back on it yet?

Neither loans for college nor the repayment (principal or interest) qualify as college expenses. A qualified education expense would be the tuition you paid with the proceeds from a loan, not the loan itself.

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I had taken out a loan for to attend college, would that count as college expenses even though I haven’t started paying back on it yet?

begin with the 1098T as the qualified expenses. As noted, the loan repayment is not a qualified expense.

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