The student loan interest deduction allows eligible borrowers to deduct up to $2,500 in interest paid on qualified federal or private student loans, even if they take the standard deduction.

If you made student loan payments last year, there's a good chance you can get a break on your taxes. Don't forget about the student loan interest deduction, which allows taxpayers to deduct the ...

On average, class of 2024 graduates who took out loans left college with $29,890 in student loan debt. On its own, that’s a lot to stomach. But with a 4.24% interest rate (the average federal ...