There is
no requirement that an educational loan be from a U.S. bank.
A
Qualified Student Loan is a loan that
was taken out solely to pay qualified education expense that were for the
taxpayer, spouse, or a person who was a dependent (defined earlier in this
course) when the loan was taken out.
The
loan must be paid or incurred within a reasonable period of time before or
after the loan was taken out, and for education provided during an academic
period for an eligible student.
Loans
from a related person or a qualified employer plan are not qualified student
loans.
