elatkr36
Returning Member

Lifetime Learning Credit question

Hello,

 

I was reading the description of the Lifetime Learning Credit in Turbo Tax and I just want to make sure I understand. It says "You can pay expenses with a loan, including low-interest student and government subsidized loans, but be sure to deduct the expenses rather than the loan payments." What does this mean when it says "be sure to deduct the expenses rather than the loan payments"?