Please help,
$62,150 Estimated qualified expenses on 1098T
$28,520 School Grants
$10,442 Subsidized loan borrow in 2024
$23,188 Pay from 529 account
1) Am I allowed to reimburse from 529 for the loan amount of $10,442 since it was used to pay for tuition
expenses? To clarify, I do have enough money in 529 to pay for all expenses without the loan, but I wanted to take advantage of no-interest loan, so I borrowed it anyway and don't plan to pay it off until graduation)
2). If allowed, does it count toward the lifetime limit of $10.000 in student loans pay off.
Thank you so much in advance,
