I'm trying to file state taxes for MN and there's a 5k cap on "total qualified student loans." I am a graduate student and I've taken out 64.6k in loans so far. Help?

Are only some loans "qualified"? And if so how do I differentiate them? This is the section of the tax form after it asks for the amount of money I have spent repaying loans the past year (about $600 to fight my rapidly accumulating interest). Any help would be much appreciated!

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I'm trying to file state taxes for MN and there's a 5k cap on "total qualified student loans." I am a graduate student and I've taken out 64.6k in loans so far. Help?

The credit is $500, not $5,000. Also see instructions here:
<a rel="nofollow" target="_blank" href="https://www.revenue.state.mn.us/Forms_and_Instructions/m1slc_18.pdf">https://www.revenue.state.mn.us...>

I'm trying to file state taxes for MN and there's a 5k cap on "total qualified student loans." I am a graduate student and I've taken out 64.6k in loans so far. Help?

I know the maximum credit is 500, but the box I'm filling is asking for the student loan amount, correct? it lets me put 4 figures in the answer box

I'm trying to file state taxes for MN and there's a 5k cap on "total qualified student loans." I am a graduate student and I've taken out 64.6k in loans so far. Help?

https://www.revenue.state.mn.us/individuals/individ_income/Pages/StudentLoanCredit.aspx

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