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Can college expense paid with the TEACH grant be used towards qualifying for american opportunity tax credit?
My son receives this TEACH grant which is issued thru Federal Student Loan. The TEACH grant is money available to students majoring in education. There are some requirements attached to this TEACH grant in which one is a requirement to teach in a specific field of education and certain school districts. The student must teach in one of these positions for 4 years within 8 years of earning their degree. If the student fails to meet these requirements the TEACH grant becomes a Federal Student loan and must be paid back. If the student meets all the requirements it does not have to be paid back. I am just not certain if we can use college expenses paid with the TEACH grant as expenses paid by us given that we really have no idea if it will end up being a loan or not. I know college expense paid with student loans can be claimed but need clarification on this TEACH grant. Thank you.