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New Member
posted Feb 25, 2025 11:00:55 AM

If I have taxable income and have made student loan payments all year- what are reasons I would not qualify for the MN student loan credit?

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1 Replies
Expert Alumni
Feb 25, 2025 12:50:19 PM

Some of the requirements to be eligible for the MN Student Loan Credit are:

 

  • Need to be a full year or part-year resident of MN
  • Made payments on your own qualifying education loan
  • You also need to meet the income requirement (if your income exceeds the Adjust Gross Income limit you wont qualify)

For more information about the credit check on the link below

 

https://www.revenue.state.mn.us/student-loan-credit

 

To check on the Income limit click below

 

https://www.house.mn.gov/hrd/pubs/ss/ssstloancred.pdf