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New Member
posted Feb 15, 2020 8:33:17 AM

If no longer going to school but paying back student loans, is it also considered tuition expenses paid?

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2 Replies
Level 15
Feb 15, 2020 8:36:21 AM

No.  Paying for the student loan you received is not an education expense.

Level 15
Feb 15, 2020 8:43:06 AM

Paying back a loan is not tuition, any way you look at it. But if it's a qualified student loan you would have received a 1098-E reporting the interest you paid on that loan in the tax year. That interest is deductible on your tax return in the education section, *only* if you do not qualify to be claimed as a dependent on someone else's tax return.

Weather someone else actually claims you or not doesn't matter. The key word is *qualify*. If you *qualify* to be claimed as a dependent on someone else's tax return, then you can't even claim the interest.