Question on usage of American opportunity credit for child

This is my first time looking into the AOC/LLC. The parent won't be claiming the child as a dependent to allow the child to claim it. Do I understand based on this question from form 8863, a child under 24 cannot claim the AOC (credit), only the LLC (reduces the taxes owed)?

1. Multiply line 1 by line 6. Caution: If you were under age 24 at the end of the year and meet the conditions described in the instructions, you can’t take the refundable American opportunity credit; skip line 8, enter the amount from line 7 on line 9, and check this box .