Quote:
Originally Posted by ImolaMoop
You are asking if you should:
Put your money into a loan with 3.5% interest rate (or 0% for now) that is tax deductible.
Or
Put your money into a loan with 6.5% interest rate
How is this a question? Are you guys doing mental gymnastics to make this into a hard dilemma or am I missing something?
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Each of them are tax deductible? Both are a student loan interest deduction. So in reality I'd get a better tax deduction based on the 6.7% interest rate. Since If I paid towards the premium on the fedloan none of that would go towards the interest.
Scratch that, not eligible for the deduction based on my income.. sigh