Isn't that the point of a refundable credit, that it is refundable beyond your earned income? Similar to the EITC? I thought they were pretty much subsidies for poor people. What is the point of a refundable credit if earned loans arent counted and are applied before income? I see no situation this could be refunded then, unless you took no loans, had no scholarships and made under the combination of your standard deduction and personal exemption.
