1098-t

We will claim our son on our taxes.  He received a 1098-t from his university.    The amount in box 1 is the amount that was paid to the school by a lender via student loan. (I am a co-signer). My question is..  can we still enter this and earn the tax credit ?   We also have other school related expenses to enter as well.    This is new to us and I’m afraid of making any mistakes.  Thank you .