Refinancing and the Student Loan Interest Tax Deduction

For the majority borrowers, an educatonal loan refinance cannot alter eligibility for any student loan interest income tax deduction.

Education loan refinancing could be a remarkable change to the figuratively speaking. Numerous consumers fear that an educatonal loan refinance could suggest the end of the education loan interest income tax deduction.

Refinancing results in a unique lender, brand-new rate of interest, and brand-new monthly payment.

Fortunately for borrowers, typically, refinancing cannot results the student loan interest deduction. However, a little group of consumers will get a somewhat modest deduction or drop the education loan interest deduction completely. These consumers form limited fraction. Continue reading →