Q. How about interest on a refinanced student loan? Student was a dependent when original Sallie Mae loan was taken out and used, I was a co-signer. Student no longer a dependent, but we refinanced original loan with a private student loan in early 2022, again with me as co-signer. I have made all payments on this refinanced loan. Can I deduct interest still?
A. Yes.
You said Student was a dependent when original Sallie Mae loan was taken out. I take that to mean that the student was also your dependent at the time the student loan was used to pay educational expenses, which is technically the requirement.
