re: Imagine that, another tax question (student loan interest)

I am going to claim it. After further reading about pub 970, even credit card interest is tax deductible if used for qualified expenses at an eligible institution. Even though this is not a credit card loan, I am sure a credit card would not issue a 1098-E. I am just going to print each of the loan statements for record purposes.

Sallie Mae has outsourced their customer service to India, and it is impossible. The "loan specialist" kept saying that it is a private loan. Private is irrelevant, from what I have read.


Pub 970

quote:

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Interest on revolving lines of credit. This interest, which includes interest on credit card debt, is student loan interest if the borrower uses the line of credit (credit card) only to pay qualified education expenses. See Qualified Education Expenses , earlier.

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