Comments on: Why rush to pay off my student loans if I can deduct the interest? https://studentloansherpa.com/rush-interest-deduction/ Expert Guidance From Personal Experience Fri, 05 Jan 2024 15:31:31 +0000 hourly 1 https://wordpress.org/?v=6.7.1 By: Money Beagle https://studentloansherpa.com/rush-interest-deduction/comment-page-1/#comment-1531 Tue, 07 Apr 2015 11:51:00 +0000 https://store.eptu0ncx-liquidwebsites.com/?p=2662#comment-1531 And I always think that getting rid of the loan and no longer having it hang over your head holds a great deal of value, likely exceeding the little bit of benefit you’d receive with the deduction. Peace of mind has high value in our house!

]]> By: Frugal Couple Blog https://studentloansherpa.com/rush-interest-deduction/comment-page-1/#comment-1532 Tue, 07 Apr 2015 01:02:00 +0000 https://store.eptu0ncx-liquidwebsites.com/?p=2662#comment-1532 Great explanation!

Our situation is a little unique, so I don’t know if this will help anyone else, but here is our reason: We don’t need the deductible. Basically, we are living, working and paying taxes in another country. Uncle Sam, therefore, already allows us almost $100,000 in foreign income exclusion, so we are paying no taxes. So the student loan interests offer no benefits but are draining away our earnings.

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