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Student Loan Deferment

Best answer from question by MKD:

Answer by NotAnyoneYouKnow
MKD:

Qualified borrowers of federal student loans are permitted to apply for economic hardship deferments one year at a time, for a period not to exceed 3 years in total.

If you haven’t already exceeded three years, you should apply to your lender to have your deferment renewed for another year. You can review the requirements for approval of your request on this Department of Education page here: https://www.dl.ed.gov/borrower/DefermentFormList.do?cmd=doViewRequirements&wizardName=Economic%20Hardship%20Deferment

Good luck – I hope that helped – and best wishes on finding a great job, soon.

Best answer from question by Zoe:

Answer by Lisa A
No. You can only deduct items that you have PAID for. Since you have not yet paid the interest, it is not deductable. Don’t worry. It will be deductable in future years when you actually pay it.

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