RE:
here is the nuance.... she look out a loan and then is required to make make payments to pay back the loan
what the IRS is saying is that
1) even though you borrowed the money to pay for the qualified expenses, those qualified expenses are still eligible under AOTC
2) but the payments to repay the loan are NOT eligible expenses under AOTC.
She wont even start paying the loan back until she graduates. The act of borrowing the $$$ from Uncle Sam who remitted payment right to the college...that counts towards the $4k....SOMEONE SAY YES!!!!! lol lol
