Thread: Loan Question
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      04-09-2020, 03:14 PM   #12
ImolaMoop
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Quote:
Originally Posted by JP10 View Post
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.
Ok didn't know that, but still doesn't change the answer. Don't spend more money on interest just for the sake of getting some of it back at tax time.