Feed: Report College Students Relying More on Student Loans - AggScore: 14.0

A new report by the Pew Research Center shows that reliance upon student loans among college students increased dramatically between 1996 and 2008.

The survey, analyzing data collected by the U.S. Department of Education for the quadrennial

Jeff Mictabor is an enthusiast on the topic of student loan issues in the news. He has been writing for the past 10 years for a variety of education publications. He now offers his writing services on a freelance basis.

Is student loan still tax deductable when refinancing a student loan with a personal loan?

My daughter has two very high interest student loans. Her credit won't let her do anything, but I can "refinance" it with me getting the loan using my credit. But is it still a "student" loan that she can deduct. She is making the payments and her name will be also on the loan (ironically, she will co-sign for me). This seems to be some gray area once the loan gets moved around. Just want to make sure the "chain of custody" still makes the new loan interest tax deductable. Hope this made sense and thanks for your help.

Answer
Nope, sorry, but personal loan won't qualify, as you will have nothing in writing to say that it is student loan interest.