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Is the interest on various federal student loans tax deductible?

April 26, 2017college loan consolidation college loans deductible Federal school loan student loan consolidation student loans tax various

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Is the interest on various federal student loans tax deductible?

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In many cases, yes. According to the Taxpayer Relief Act of 1997, students and parents of dependent students may deduct all or part of the interest paid on student loans if they meet certain requirements.