Do federal subsidized loans count as "tax-free educational aid" for the lifetime learning tax credit?

I think I am eligible for the lifetime learning tax credit or at least for the tuition deduction, but I read that a person must subtract the amount that they recieved in tax-free educational aid from the amount they claim as paid tuition. I know grants and scholarships count on this, but I can't figure out if my federal, subsidized loans count as tax-free educational aid. Do they?