Can I get my college loan interest back?
I am a recent college graduate living in New York State, making 27k a year. I currently have consolidated college loan payments that I am paying (unfortunately only paying the minimum for now) each month. When tax time comes around, is it true that I can get back the interest that I paid in the previous year on my college loan? How do I go about doing so if this is true? Thanks!
2006-11-01 01:11:13 · 5 answers · asked by LG 1 in Education & Reference ➔ Financial Aid
Sallie Mae explains the tax incentives of student loans on its site: http://www.salliemae.com/before_college/students_plan/ways_to_pay/tax/tax.htm
2006-11-01 03:23:57 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It is a tax deduction at the end of the year you should recieve the form from the loan company showing the interest paid if not you can call and request one. the same goes for mortgages and car loans
2006-11-01 01:19:09 · answer #2 · answered by crystal s 2 · 0⤊ 0⤋
i've got no longer considered every physique with a three% activity value. the favourite is many situations approximately 6 or 7. i ought to purely propose FAFSA. I gained the two subsidized and Unsubsidized Stafford. i'm at modern in repayment with a 5.12% activity value for 2 many years.
2016-10-21 02:10:01 · answer #3 · answered by corl 4 · 0⤊ 0⤋
sorry to say but not possible
2006-11-02 00:53:01 · answer #4 · answered by Anonymous · 0⤊ 0⤋
no u cant
2006-11-01 01:12:46 · answer #5 · answered by IBRAHIM 2 · 0⤊ 0⤋