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If tuition was paid by a government subsidized loan, can I still take the Hope or Lifetime Learning Credit?

April 26, 2017credit government Hope learning lifetime loan paid Subsidized tuition

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If tuition was paid by a government subsidized loan, can I still take the Hope or Lifetime Learning Credit?

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If you take out a loan to pay higher education expenses, those expenses may quality for the credit if you will be required to pay back the loan. The credit is claimed in the year in which the expenses are paid, not in the year in which the loan is repaid.