Student Loans Companies
Do I have to report my student loans somewhere on my tax forms?
I haven't the past two years, but I never really thought about it. I've never gotten any sort of tax statement from my school or The Student Loan companies or anything.
Any advice?
Thanks for the quick responses...
Specifically, do I have to report the loans as income? They are Federal Loans (stafford).
Hello,
First of all, if you are still in school and the amount loaned to you was used in 2007 per se, you can go for a education credit which is a whole lot better than a deduction. If you are already out of school and you are repaying your loan, you can also claim this but under itemized deductions. Good luck!
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