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Jul
19
admin

If I consolidate my student loan with a personal loan can I still write off the interest?

Question by MLE: If I consolidate my student loan with a personal loan can I still write off the interest? I had a federal student loan which I consolidated about 8 years ago to someone who eventually sold that loan to Citibank. I pay about 8.35% in interest. I am considering paying off that student loan with a personal loan where I can get a better interest rate. If I do this will I still be able to write...
Jul
10
admin

Is student loan still tax deductable when refinancing a student loan with a personal loan?

Question by Andrew M: Is student loan still tax deductable when refinancing a student loan with a personal loan? My daughter has two very high interest student loans. Her credit won’t let her do anything, but I can “refinance” it with me getting the loan using my credit. But is it still a “student” loan that she can deduct. She is making the payments and her name will be...
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