While getting a refund is nice, getting one that large usually means you paid way, way too much over the year, basically giving the government an interest free loan.
As far as student loans go, the
interest you actually paid on them are deductible, not what you accrued. So if you haven't started paying them back yet, no deduction for you.
And you don't need to report the "income" they provide -- just like you wouldn't on a personal loan you got.
Of course, I only play a tax professional in the Internet, so you may want to double check all that.
MM
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