Student Loan Advice – 3 Reasons student loan good debt
Posted in Student Loans Debt Articles on September 30th, 2010 by Mohok – Be the first to comment
We are conditioned to believe that all debt is bad, and for the most part it is. The money you owe someone else less you have to establish your own long term prosperity. However, there are cases where some debt is not a bad thing, and some debt is definitely better than others.
In this article we discuss three reasons why student loan debts are not bad just about, and how they themselves can be a good debthave.
1. The interest is tax deductible
At the federal level, school loans, you can claim the interest you pay tax deducted from. Very few types of loans or debt you can do this and it will save you hundreds if not thousands of dollars over the term of your loan. Credit card debt will not allow, and neither is auto loans. You can usually claim the interest on your mortgage but that was it. Virtually all other debtsone can not deduct any interest. read more »







