Tax Question from new college student?
The question
If I am attending college right now (Spring semester) and have taken out a student loan in 2012, do I use that in rank on my 2011 taxes??
Best answers:
It depends on the school you are going to, they may question you for your 2009 or 2010. It all depends on how the school function.
Your student status should have some bearing on exemptions you can take out.
The interest on your student loan will become a deduction, but only after you start paying it.
The interest on your student loan will become a deduction, but only after you start paying it.
Related Links
- FAQ: Is consolidating federal college loans a good idea? Federal College Loans 2012
- As a teacher, can I qualify for BOTH Public Service and Teacher Loan Forgiveness Programs?
- FAQ: Can anyone offer advice and/or personal experiences regarding consolidating federal AND private student loans? Consolidate Federal And Private Student Loans Together 2012
- is my lender bank of america or great lakes? Great Lakes Bank Student Loans 2012
- FAQ: Is student loan money sent directly to the school, or to you? Do you need to apply each school year? Student Loans Sent Directly To You 2012
