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I was just reading through this with my sister last night. Any tuition paid by you or by a loan, or by a relative is considered paid by you. therefor assuming you qualify for all the other reasons you can take a deduction of $1500 for Hope credit. (see other deductions for rules on those.) Unles of course you have an AGI of more than $42,00 in which case you take a percentage. See publication (i believe it's 970?)

the hope credit is dedctible after tax. (meaning it is subtracted from the tax you owe, while the student loan deduction is deductibe before figuring you AGI which in effect lowers your tax amount due. The student loan deduction is reported on your 1098-E. Subject to limitations. Again see publication 970.

Check the other tax credits to see if you qualify , because I think they have different ceiling amounts. (i didn't look into these for my sister.)

Lady I, not a tax advisor, for anyone but her family. ;)
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