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Returning Member
posted Mar 9, 2024 6:23:58 PM

Massachusetts Student loan interest

Hi,

 

I am currently struggling to figure out what the interest amount paid for Graduate interest is.  My Loan provider apparently doesn't break up the two, currently the total amount as I entered from my 1098-E form was entered into the federal section and automatically populated into the MA Undergraduate amount and is grayed out.  How exactly can I determine the Graduate amount without knowing the percentages of each of actual numbers for the two?

 

Thank you very much in advance.

 

RobC2384

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1 Replies
Expert Alumni
Mar 13, 2024 12:08:37 PM

You can look at your records. You know how much you took out from which lenders at what percentage and for graduate or undergrad. You will have to see how those numbers work together to determine the under portion.

 

For example:

Loan A is undergrad for $20,0000 but paid off to $6,000

Loan B is grad for $40,000 and paid off to $18,000.

 

Loan A $6,000 + Loan B $18,000 = $24,000 debt owed total

Loan B 18,000/ total $24000 = 75% grad debt