Rewatch
LESSON 5
Take advantage of student loan tax deductions
Recap
During tax season, you may be able to deduct interest paid on both private and federal loans.
There are limits to the deductions you can claim based on income and other factors.
Start prepping your student loan information early to be prepared for tax season.
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Lessons
LESSON 1
Make more than the minimum payment
Learn how a well-crafted budget can help you make more than the minimum payment.
LESSON 2
Refinancing vs. consolidating
Differentiate between the two and decide if either strategy makes sense for your situation.
LESSON 3
Making extra payments each month
Learn how making multiple payments can impact your balance and how to budget for it.
LESSON 4
Explore federal repayment and forgiveness
Find out more about these beneficial options available to borrowers with federal loans.
LESSON 5
Take advantage of student loan tax deductions
See if you’re eligible for a student loan tax deduction and what steps to take next.
