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Paid off interest on one loan...

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Established Contributor

Paid off interest on one loan...

Feels good!  After reading some threads on here I decided to pay off the accrued interest on one of my SL's (all are still in deferrment as I"m still attending).  Now I can use it on my taxes AND it's less debt outstanding :-)

 

So this is what financial responsibility feels like haha...

Fico: 701 (5/22/14) 682 (5/9/2014)
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K26
New Member

Re: Paid off interest on one loan...

Very nice.

 

How can/will your payments on interest be used on your taxes?

Message 2 of 3
Established Contributor

Re: Paid off interest on one loan...

student loan interest paid can be tax deductible if certain criteria is met.

 

Just google some variation of student loan interest/taxes etc and you'll find links to the IRS site about it.  :-)

Fico: 701 (5/22/14) 682 (5/9/2014)
Discover IT $5,200 / CU Visa $1,000 / JC Penny$3,000
App Free since 2/2013
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