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lotstodo asked:
If I consolidate my student loans with a private bank can I still write of the interest as a tax deduction?
I am already graduated and scheduled to begin payment on the loan in April. I am currently trying to get it deferred for a few more months. If I consolidate these loans with a private loan can I still write of that interest on my taxes?
Sphere: Related ContentIf I consolidate my student loans with a private bank can I still write of the interest as a tax deduction?
I am already graduated and scheduled to begin payment on the loan in April. I am currently trying to get it deferred for a few more months. If I consolidate these loans with a private loan can I still write of that interest on my taxes?
Tags: April, Consolidate Loans, Private Bank, Private Loan, Student Loan Consolidation, Student Loans, Tax Deduction, Taxes
August 20th, 2008 at 4:49 pm
As long as it’s still a qualifying student loan, yes. If you pay it off with a personal loan or home equity loan then no.
August 24th, 2008 at 1:10 am
Well, a couple of things you might want to consider.I’ve had good luck here…http://studentloan.online-helpers.info/canada-consolidation-loan-student.html
August 27th, 2008 at 5:11 am
There are two sources for student loans — the federal government and private lenders. In order to obtain most federal student loans, you will first need to file the Free Application for Federal Student Aid (FAFSA). In mostyou can combine all of your eligible federal student loans into one loan with a Federal Consolidation Loan. Consolidating also locks the interest rate you pay on your loan.
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