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Is interest paid on student loans deductible?
Student loans have become an integral part of the higher education experience for many individuals. With the rising costs of tuition, room, and board, students often rely on loans to finance their education. However, one common question that arises among borrowers is whether the interest paid on these loans is deductible. Understanding the tax implications of student loan interest can provide valuable financial relief and help borrowers make informed decisions about their educational expenses. In this article, we will explore the deductibility of student loan interest and the conditions under which it can be claimed on tax returns.
