How do student loans affect my taxes?
I am a student, and I pulled a stafford federal loan for the first time last year. I am a dependent, so I am wondering if that affects my taxes at all. Given that I am a dependent, I figured I can’t claim the interest, but do I have to claim the loan amount that I received in 2009 as income? or any other way for that matter? or does that loan completely bypass me and move towards my parents taxes? And this question is in regards to both Federal and State (CA) taxes.
universities.atwebpages.com – it provides some tips about applying to US federal and state grants for college students.
