You may count both the expenses paid by your parents and the expenses paid by loans, in calculating the tuition credit.
Be aware that a student, under age
24, is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working. You
cannot be supporting yourself on parental support, 529 plans or student loans
& grants. The fact that you are not a dependent does not make you eligible for it. It is usually best if the
parent claims that credit.
