Post: Student Loan Interest
Posted by Student Loan Interest Question on 2/04/09
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????
Posts on this thread, including this one
- Student Loan Interest, 2/04/09, by Student Loan Interest Question.
- Re: Student Loan Interest, 1/27/10, by Mary Russell.