I received a federal student loan refund after refinancing this summer. Do I pay taxes on the amount the government refunded to me?
051719
1 Best answer
JulieH1
New Member
Jun 6, 2019 8:36:38 AM
Thank you. Since it was an overpayment on a loan you already paid then it is not income.
5 Replies
JulieH1
New Member
Jun 6, 2019 8:36:28 AM
Did you use the additional amount to pay for education expenses such as tuition, room and board, book, supplies and transportation?
Anonymous
Not applicable
Jun 6, 2019 8:36:30 AM
No I did not.
JulieH1
New Member
Jun 6, 2019 8:36:33 AM
Can you please give me a few details? Was the loan forgiven? I am not sure I understand how you got a "refund?"
Anonymous
Not applicable
Jun 6, 2019 8:36:36 AM
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
New Member
Jun 6, 2019 8:36:38 AM
Thank you. Since it was an overpayment on a loan you already paid then it is not income.