While filling state taxes, the maximum amount of total Qualified Student Loans i can input is 5000. However the total loan is much more than that. Is that a glitch

[AnthonyC · Accepted solution]

That is actually the rule for the credit - there is only a max of $5,000 original loan amount allowed to be used for the calculation.  The maximum amount of the actual credit is $500.  If you take a look at the form and follow the calculations, then you can see Line 11 mentions the $5,000 maximum directly on the form.

https://www.revenue.state.mn.us/Forms_and_Instructions/m1slc_18.pdf