I received a federal student loan refund after refinancing this summer. Do I pay taxes on the amount the government refunded to me?

[JulieH1]

Did you use the additional amount to pay for education expenses such as tuition, room and board, book, supplies and transportation?

[hansonlm]

No I did not.

[JulieH1]

Can you please give me a few details? Was the loan forgiven?  I am not sure I understand how you got a "refund?"

[hansonlm]

I refinanced my federal student loans mid year with a private bank. After the transfer of the loan to the new bank was complete, I received a refund check from the US treasury department, presumably for an overpayment.

[JulieH1 · Accepted solution]

Thank you. Since it was an overpayment on a loan you already paid then it is not income.