Qualified education loan definition

Qualified education loan means any loan primarily used to finance a postsecondary education and

Qualified education loan means a government, commercial, or foundation loan for actual costs paid for tuition, reasonable education expenses, and reasonable living expenses related to the graduate or undergraduate education of a qualified teacher.

Qualified education loan means any qualified education loan obtained specifically to finance education or other school-related expenses. "Qualified education loan" does not include credit card debt, home equity loan, or revolving debt.

Examples of Qualified education loan in a sentence

• Any amount distributed from aneducation individual retirement account described in section 530 and excluded from gross income.(3) Qualified education loan —(i) Ingeneral.

• Qualified education loan means indebtedness incurred by a taxpayer solely to pay qualified higher educationexpenses that are—(A) Incurred on behalf of a student who is the taxpayer, the taxpayer’sspouse, or a dependent (as defined in section 151) of the taxpayer at the time the indebtedness is incurred;(B) Paid or incurred within areasonable period of time before or after the indebtedness is incurred.

• Qualified education loan payment means the payment of principal or interest on a qualified education loan as defined in 26 U.S.C. 221(d), as such section existed on January 1, 2022, of the beneficiary or a sibling of the beneficiary as described in 26 U.S.C. 152(d)(2)(B), as such section existed on January 1, 2022.

• Qualified education loan insurer subject to Title 58-- Exceptions.Any qualified education loan insurer is subject to the provisions of Title 58 except as otherwise specifically provided in §§ 58-5-154 to 58-5-160, inclusive.

• For qualified education loans made before January 1, 2004, a payee is not required to report payments of loan origination fees and capitalized interest as interest under section 6050S and this section.(2) Qualified education loan certification.

More Definitions of Qualified education loan

Qualified education loan means a government, commercial, or foundation loan used by an individual for actual costs paid for tuition to a postsecondary institution located in Minnesota for a professional flight training degree.

Qualified education loan means any loan primarily used to finance a postsecondary education and costs of attendance at a postsecondary public or private educational institution, including tuition, fees, books and supplies, room and board, transportation, and miscellaneous personal expenses. "Qualified education loan" includes a loan made to refinance a qualified education loan. "Qualified education loan" does not include an extension of credit under an open-end credit plan, a reverse mortgage transaction, a residential mortgage transaction, or any other loan that is secured by real property or a dwelling.

Qualified education loan means a loan that meets the requirements of 26 U.S.C. 144(b)(1)(B);

Qualified education loan means a loan as defined in Internal Revenue Code Section 221(d) of the Beneficiary or a Sibling of the Beneficiary. Sibling means an individual who bears a relationship to the Beneficiary which is described in Internal Revenue Code Section 152(d)(2)(B). Sibling includes a stepsibling and also includes a sibling by the halfblood. Target Portfolio means a diversified investment portfolio that can invest in equity, real estate, fixed income, bank deposit, and/or money market Underlying Investments. Contributions and earnings are invested in a set asset allocation of equity, real estate, fixed income, bank deposit, and/or money market Underlying Investments. Unlike the Age-Based Portfolios, the Target Portfolios’ asset allocations do not adjust as the Beneficiary gets older. See “Exhibit B – Investment Portfolios and Underlying Investments.” Treasurer means the Office of the Illinois State Treasurer. Trust means the Bright Directions College Savings Program Trust. UGMA means Uniform Gifts to Minors Act.

Qualified education loan means any indebtedness in-

Qualified education loan means any indebt- edness incurred to pay qualified higher edu- cation expenses—

Qualified education loan is defined in in Section 221 of the Code. Please note that the student loan deduction otherwise allowable under Section 221 of the Code (prior to the application of Section 221(b)) for any taxable year shall be reduced (but not below zero) by so much of the withdrawal under the plan that is treated as a qualified higher education expense as would be includible in gross income under section 529(c)(3)(A) for such taxable year but for such treatment. In addition, Qualified Higher Education Expenses include tuition expenses for a designated beneficiary in connection with enrollment or attendance at an elementary or secondary public, private, or religious school, provided that such expenses do not exceed, together with such expenses paid from any other Account in a qualified tuition program established for the same designated beneficiary by any person, an aggregate amount of $10,000 per calendar year.