Posted by Student Loan Interest Question on 2/04/09

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I have graduated from graduate school and I have recently
started paying off my student loan debt. I don't make
enough money to afford a house mostly due to the student
loan payments that I make monthly which are nearly equal
to what my mortgage would be. After starting to repay my
loans in June 2008, I have paid off over $4300 dollars
worth of interest. Why is there a cap of $2500 on the
student loan interest deduction. If I could deduct the
full $4300 and next year almost $7000 I would be well on
my way to affording a home and mortgage, of which the
mortgage would be able to be written off totally.

Why can't we right off the total expense of interest paid
on student loans????

Re: Student Loan Interest, 1/27/10, by Mary Russell.

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