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May A Parent Claim The Student Loan Interest Deduction If The Parent Borrows To Pay His/Her Childs Costs Of Attending College?

Yes. A parent may claim the student loan interest deduction if the parent borrows money to pay the costs of attending college for members of the individual's family or household and incurs the debt in a year in which the individual supplies more than half of the student's support.

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This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified student loan interest deduction lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local student loan interest deduction attorney to discuss your specific legal situation.

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