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    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.

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