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  • Re: I received a grant from an independent private institution for my college studies. I have to return the grant + interest now. Can I use this interest as a deduction?
Hal_Al
Level 15 Hal_Al
Level 15
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Education

It appears that your grant has been converted to a loan.  The rules for what qualifies as a student loan for purposes of deducting the interest are fairly liberal. See: 

 

https://www.policygenius.com/taxes/student-loan-interest-deduction/#what-is-a-qualified-student-loan

https://www.irs.gov/taxtopics/tc456

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‎March 24, 2020 11:48 AM
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