no
2500
You cannot claim a deduction for something you did not pay. If the primary signatory did not pay the interest, then this person does not get to deduct it. In order to claim a non-business/non-investment deduction for interest, the person claiming the deduction must (among other things) be the legal or equitable owner of the property. Usually, the cosignor is not the legal or equitable owner of the property, hence the cosignor cannot claim an interest deduction.
If you paid interest on a student loan for higher education expenses for yourself, your spouse or a dependent, you can claim a federal income tax deduction. This deduction is claimed as an adjustment to income and you do not have to itemize. Determine whether you qualify for the student loan interest deduction. You must meet the following requirements: 1. Your filing status is any status except married filing separately, 2. No one else is claiming an exemption for you, 3. Your modified adjusted gross income is less than the maximum allowable amount before phase-out ($75,000 in 2009, or $150,000 if you are married filing jointly), 4. You paid interest on a qualified student loan.
It is tough to get a home loan with bad credit, however you may be able to get a home loan with a higher interest rate. It will also be easier if you can find a cosignor.
No. No personal loan interest.
"To start, let me say that all student loans are beneficial as they are allowing someone to obtain an education. Wachovis Loans are beneficial as they provide support throughout the loan process. With a cosignor, applicants may also qualify for lower interest rates."
no
I am in college my mom defaulted on bankruptcy how can I get a loan to go to school?
A student loan consolidation interest rate determines the amount of your monthly payment on your student loan. Higher interest rates would result in higher monthly payments.
A subsidized student loan is a loan in which the interest payments are subsidized. In general terms there is no interest added to the loan until it comes due for payment. A non-subsidized loan requires interest payments during the time a student is in school
Student loan interest rates tend to vary depending on the type of loan. More information is provided by American Student Assistance, which can be found at www.asa.org.
The maximum interest rate for consolidating FEDERAL student loans is 8.25%. If your student loans are not federal loans, though, there is no maximum interest rate.