Thank you, and I hope you won't mind a further question:
Let's say the loan was for $20,000, but I only pay off $5k using 529 money. As far as double-dipping is concerned, do I need to show that:
1. $5k of the loan money was used for qualified higher education expenses that were NOT also claimed as expenses for 529 purposes
OR do I need to show that:
2. The entire $20k loan was used for qualified higher education expenses that were NOT also claimed as expenses for 529 purposes (even though I'm only using 529 to pay off $5k of the $20k total).
Hope that makes sense.
