K-12 Education Credit Assignment Program

To qualify for this program, you must:

• Be a Minnesota resident
• Have been eligible for the K-12 Education Credit last year
• Be eligible for the K-12 Education Credit this year
• File a Minnesota income tax return to claim the K-12 Education Credit
• Agree to have your income tax refund assigned (paid directly) to your lender

To determine if you’re eligible for the credit, review these resources:

• Instructions for Schedule M1ED, K-12 Education Credit
• Qualifying Child for the K-12 Education Credit
• Qualifying Expenses for the K-12 Education Credit
• K-12 Informational Handout in English
• K-12 Informational Handout in Spanish
• K-12 Informational Handout in Hmong
• K-12 Informational Handout in Somali
• K-12 Informational Handout in Karen
• K-12 Informational Handout - Tribal

How much of my refund can I assign to repay my loan?
The most you can assign from your income tax refund in a year is $1,500 for each qualifying child. If the loan is more than the assigned amount, you will need to pay the difference yourself.

Where can I find more information about the program?
See our Frequently Asked Questions for the K-12 Assignment Program (for Families).

Do I qualify for this program as a lender?
To qualify, you must be registered with the Minnesota Department of Revenue as a financial institution or tax-exempt organization.

You must also have your product or service certified by the Minnesota Department of Education as qualifying for the K-12 Education Credit. For details on this requirement, review K-12 Education Credit and Subtractions.

Where can I find more information about the program?
See our Frequently Asked Questions for the K-12 Assignment Program (for Lenders).