1. Are all parents loans tax deductible (interest) or just on the plus loans? I'm debating on a plus or one through key with lower interest.
2. can i get enough for both semesters at once? i don't want billions of TL and hards and multiple payments to worry about. (ok, so it will be 4 TL for 4 semesters and 4 CL, plus the 2 (1 open, 1 closed) i have already.)
Full Version: plus loans...
QUOTE (toopooor @ Jul 15 2008, 04:45 PM) 
1. Are all parents loans tax deductible (interest) or just on the plus loans? I'm debating on a plus or one through key with lower interest.
Only the interest is tax deductable.
2. can i get enough for both semesters at once? i don't want billions of TL and hards and multiple payments to worry about. (ok, so it will be 4 TL for 4 semesters and 4 CL, plus the 2 (1 open, 1 closed) i have already.)
Only the interest is tax deductable.
2. can i get enough for both semesters at once? i don't want billions of TL and hards and multiple payments to worry about. (ok, so it will be 4 TL for 4 semesters and 4 CL, plus the 2 (1 open, 1 closed) i have already.)
Federal loans are always dispursed by the semester thus the individual tradelines. They only do one pull for the FAFSA year.
QUOTE (LynnInMN @ Jul 16 2008, 09:12 AM)
Only the interest is tax deductable.
right - but is it for both PLUS and private SL?
QUOTE (toopooor @ Jul 17 2008, 07:31 PM)
QUOTE (LynnInMN @ Jul 16 2008, 09:12 AM)
Only the interest is tax deductable.
right - but is it for both PLUS and private SL?
correct
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