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Level 1
April 18, 2020
Question

School aid

  • April 18, 2020
  • 1 reply
  • 3 views

I am currently in school and getting financial aid . I always thought I had to pay after I graduate, my loans show up in my credit report. 
will my federal taxes apply to that?

    1 reply

    VictoriaD75
    Level 12
    May 5, 2020

    Student loan interest is deductible up to $2,500. Some income limitations apply. See the link below for more details.

     

    Student Loan Interest Deduction

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