Student Amounts
The amount and type
of student loans for which you're eligible will be outlined
in your Student
Aid Report — and could include:
You can deduct up to $2,500
in student loan interest — even if you don't itemize.
Available types of
student loans could include:
Federal Stafford
Loans — Low interest loan taken out in
the student's name with no collateral and no credit checks.
Federal Parent PLUS Loans — Allows
creditworthy parents to borrow up to 100% of the total
cost of education for dependent children, less other aid
awarded.
Private loans — Unsecured,
credit-based loans available to students for tuition and
fees, living expenses, supplies, computers and other every
day living expenses.
Section
6: Student Loans
