Consolidating student loans and forbearance

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Can I take a student loan interest deduction on my taxes? Qualified Student Loans For the purpose of taking a student loan interest deduction on your federal income tax return, the loan must be associated with the expenses paid to an eligible educational institution.

An eligible educational institution is defined as any college, university, vocational school, or any other type of postsecondary educational institution that is eligible to participate in a student aid program administered by the Department of Education.

Funds are limited and are on a first come first serve basis.You may be eligible to postpone your payments with a deferment or forbearance.For assistance determining the best option for your circumstance and to apply, please contact us at 888.866.4352.Deferment and forbearance options are limited and require monthly interest payments.Consolidation loans are subject to available funding.

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