If I Consolidated My Student Loans… Through A New Company… Can I Take The Student Loan Interest Deduction?

I havn’t actually paid any money out of my pocket towards interest. However, I did take out a new loan which paid off my old one. They are from different companies, but they are both still direct loans. I technically paid the intrest off by borrowing a new loan. Can I take the student loan interest deduction for this year?

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2 Comments so far »

  1. sdmike said

    am December 9 2009 @ 12:55 am

    yes, your interest is deductable no matter who you pay it to.

  2. MikeInRI said

    am December 9 2009 @ 1:48 am

    yes
    Good Luck!!!

  3. naratiwas said

    am May 17 2010 @ 10:26 am

    : If i consolidated my student loans… through a new company… can i take the student loan interest deduction? http://bit.ly/9fpCTE

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