You May Have Loads of Student Debt, but It May Be Hard to Deduct the Interest

interest-on-student-debt

More than 43 million students are in debt with an average of $39,351 each, according to the research group EducationData.org. If you have student loan debt, you may wonder if you can deduct the interest you pay on it. The answer is yes, subject to certain limits. However, the deduction is phased out if your […]