Quote:
Originally Posted by JP10
Each of them are tax deductible? Both are a student loan interest deduction. So in reality I'd get a better tax deduction based on the 6.7% interest rate. Since If I paid towards the premium on the fedloan none of that would go towards the interest.
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Ok didn't know that, but still doesn't change the answer. Don't spend more money on interest just for the sake of getting some of it back at tax time.