Can I get tax deductions on the intrest paid on a overseas based student loan?

[moons133]

I have a student loan in New Zealand where I studied and used to live. I pay yearly intrest on this loan- can I get intrest dedutions for this loan?

[Marketstar · Accepted solution]

Yes. If it is a qualified school loan

A qualified student loan is a loan you took out solely to pay qualified higher education expenses that were: 

• For you, your spouse, or a person who was your dependent when you took out the loan; 

• For education provided during an academic period for an eligible student; and 

• Paid or incurred within a reasonable period of time before or after you took out the loan

• Loans from a related person or a qualified employer plan do not count as qualified student loans.

• The school for which you paid the loan must be an eligible educational institution

An eligible educational institution is generally any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the U.S. Department of Education.

Nearly all accredited public, nonprofit, and proprietary (privately owned profit-making) post secondary institutions are considered eligible schools

See Eligible Academic Institution     and....

       Eligible School Directory