Student Loan interest deduction

mbm12 · ‎April 4, 2022

My daughter's student loans are co-signed by her grandfather. I have made the payments until she graduates. She is a dependent of mine and not her grandfather's. Who if anyone can take the deduction?

xmasbaby0 · ‎April 4, 2022

Apparently -- no one. You cannot take the deduction since you did not co-sign, Grandpa cannot take it since he did not make the payments, and a dependent cannot get education credits.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

SweetieJean · ‎April 4, 2022

Grandpa would have been better off gifting you the funds so that you could make the payments.

Expert does your taxes

Do it yourself

Resources

Support

Student Loan interest deduction