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What’s the deal with student loans? How do they work come tax time? Do they count as income?

Best answer from question by MsBhavn:

Answer by jseah114
No, the money you receive from student loans are not considered income. I assume that since you mention that you are still in school, that means that you haven’t made any payments on your student loans as yet. If you have made payments and have also been paying interest, you should receive a form from the lender that details the amount of interest you paid during the year. The interest you paid on your student loan would be deductible.

Cop On Loan (Harlequin Superromance #1520, Count on a Cop)

Playing bodyguard to a vigilante librarian—excuse me, library technician—is not the career move Tony DeMonte had in mind when he came to this town. On temporary loan, the big-city cop figured he’d take it easy, maybe watch the grass grow.Not with Jasmine Storm colliding into danger every other day. Getting mixed up with a failed drug bust is just the beginning. Now she claims there’s an intruder in her house. Which leaves Tony no choice but to…move in. Jasmine and her cat get the protectio More >>

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Q&A: Does summer count with loan deferment?

Best answer from question by cottonlily84:

Answer by Valerie
No. It doesn’t start until after you quit school or graduate. So, as long as you stay enrolled in school, you are fine.