Fafsa loan

Mark2m
Fri, 25 Mar 2016 19:13:14 +0000

From the 1098 E , you will be able to claim as a deduction whether as a parent or as a dependent. But remember you have to pay it so READ Box 1 It say’s Student loan interest RECEIVED by lender. Meaning you PAID THEM during the year. Unlike interest from a mortgage where they were paid by your mortgage payment of P & I, in this situation if you don’t pay them you will have nothing in the box consequently you have nothing to declare. If you take a good look at your Stafford loan you will also notice that some is subsidized and some is unsubsidized with different rates and part of the loan.