My husband and I have around 30K student loan, the interest is about 8%. Now we are paying the monthly payment, sometimes pays extra in the good times, and hope to pay sometime in the next 5-6 years. But also because of student loans could be one of the deductible from income tax, so not sure if we should have the student loan as long as necessary and just the minimum payment each month. So that we actually save money? Using student loans as a deductible each year or pay as soon as possible?

Deduction for student loan allows you to deduct up to $ 2500. In 2007 I paid over $ 2500 in interest and obviously want to take advantage of this.

I know that the interest of loan of the student can be deduced.

My loans of the student are all in the postponement or the patience. I ‘ interest of increase of m in some of them, but I haven ‘ t still paid really any interest. I can deduce the interest that increased?

Thanks!

I had a federal student loan which consolidated about 8 years ago to someone who eventually sold that loan to Citibank. Pay about 8.35% in interest. I am considering to pay student loans with a personal loan where you can get a better interest rate. If I do this I will be able to pay off the interest on my taxes?

My daughter very has two loans of high interest of the student. Its credit won ‘ it let it to t make any thing, but I can ” refinance ” he with me who secures to the loan using my credit. But still he is ” student ” it renders that she can deduce. She is making the payments and its name will be also in the loan (ironic, she Co-shows for me). This one seems to be a certain gray area once the loan obtains around moved. It hardly wants to make sure of ” chain of custody ” still it makes the new tax of the interest of deductable loan. It waits for this sense and thanks had by his aid.