Warning: include() [function.include]: URL file-access is disabled in the server configuration in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include(http://www.hurryloan.com/rightbar.php) [function.include]: failed to open stream: no suitable wrapper could be found in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include() [function.include]: Failed opening 'http://www.hurryloan.com/rightbar.php' for inclusion (include_path='.:/usr/local/share/pear') in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78   Go Back To Search Results Question How is it possible to deduct more than just interest on student loans? I have 160k students Sallie Mae loans. I know I can deduct the interest, but how could one deduct the entire paid off loans? Could one do it through an LLC as an education expense, or perhaps pay cash for a piece of property, then take a loan against the property to pay off the loan? How could I possibly deduct the entire loan? By MIDegn Posted on 02/26/07 Total Answers 2 Answers- While you are in school you are allowed to deduct the tution expenses you borrowed the student loan for so you might call your tax guy to see if you qualified and took that deduction while you were in school and if not if you can go back and ammend your tax return. Answer by : KyFADirector On Date 2007-02-27 11:13:33 This site should help you http://www.studentfinancialadvisors.com Answer by : pete09301971 On Date 2007-02-28 16:00:13   Go Back To Search Results