If I consolidate my student loan with a personal loan can I still write off the interest?

In: loan

29 Dec 2009



I had a federal student loan which I consolidated about 8 years ago to someone who eventually sold that loan to Citibank. I pay about 8.35% in interest. I am considering paying off that student loan with a personal loan where I can get a better interest rate. If I do this will I still be able to write off the interest I pay on my taxes?

Sponsored Links




Related Post :


Other Post :



Advertisement


1 Response to If I consolidate my student loan with a personal loan can I still write off the interest?

Avatar

bostonianinmo

December 29th, 2009 at 5:56 am

Nope. It will no longer be a student loan then. You may be able to consolidate several student loans into another student loan at a better rate, but if you pay it off with a personal loan you’ll be left with a non-deductible personal loan.

Comment Form

Recent Search Terms

what is considered excessive wear and tear on leased vehicle,Kestral Inc owns 10% of Mouse Company In the most recent year Mouse had net earnings of $60 000 and paid dividends of $8 000 Kestral�s accountant mistakenly assumed considerable influence and used the equity method instead of the cost method What is the,how much earns an analyst at Goldman Sachs,is 30 degrees celsius higher than 83 degrees fahrenheit,popular student council activities,student body lunchtime activities,can i break my rental lease if property for sale,food to sell at events,with consolidation loan does the bank send you a check with the amout you requested,homecoming activity ideas,

About this blog

Personalfinancereference.com is a site about finance, loans reference and information questions..

Sponsored Links


Categories

Archives

  • The Good Shepherd gives His life: He could be. he seems to stand up for strange things. However, the antichrist can not fully manifest [...]
  • Deb: No, that is ridiculous [...]
  • denise t: it could be anybody [...]
  • Booth: Nero was probably the anti-Christ. In the book of Revelations John said the anti-Christ was already [...]
  • G C: He is AN, there is no THE [...]

Recent Searches

, , , , , , , , , , , , , , , , , , , , , , , , ,

Popular Searches Post

high school homecoming themes,homecoming themes for high school,recent development in the investment banking industry 2010,recent development in the investment banking industry,high school student council ideas,high school senior activities ideas,recent developments in investment banking 2010,student council activity ideas,ford red carpet lease,recent developments in investment banking,

Copyright © 2009 - Personal Finance Reference - is proudly powered by WordPress | Log in

Compositio Theme is created by: Design Disease brought to you by PremiumThemes.comTop Finance blogs TopOfBlogs Business