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February 9, 2021
Question

I refinanced my student loan in 2020. Do I include interest paid on the loan I refinanced and the new loan?

  • February 9, 2021
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1 reply

Employee
February 9, 2021

The refinanced loan can be considered qualified education loan interest as long as the new loan only refinances one or more qualified student loans that were made to you.  If you included balances from other loans (like student loans in someone else's name, or credit card debt) or if you used some of the loan proceeds for other personal expenses, then the loan interest is no longer qualified student loan interest.