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Undergraduate student loan interest versus graduate student loan interest
Does it matter if interest on a loan is undergraduate versus graduate?
No, it does not matter. The deduction is available for both undergraduate and graduate student loans.
Here is a link to IRS Publication 970 which has a section (page 29) on the Student Loan Deduction and covers all its aspects: https://www.irs.gov/pub/irs-pdf/p970.pdf.
The deduction is limited to $2500 of interest paid, and there are adjusted gross income phase-out ranges depending on filing status.
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