Carl
Level 15

Education

Your assumptions are correct. To double-check myself, I did a scenario with $5000 in box one and $3000 in box 5. At the end, I qualified for $2000 on the American Opportunity Credit, which is only applied against out of pocket expenses. So the only way I could have "qualified" for that, would be if the program 'assumed" I paid the balance out of pocket.