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Actually you can deduct your interest...
There is no set amount of loans that you have to have in order to be able to decuct the interest paid into a student loan. Regardless of whether you have 5K in loans or $50,000. HOWEVER, there are income limits for using this deduction. I beleive you can't make more than $65K a year and claim the deduction.
Last edited by Discotish; 05-30-2005 at 11:00 AM.
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