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PLUS Loans make you eligible for tax benefits. You may be eligible for a federal income-tax deduction. $2,500 is the maximum education loan interest deduction. There are conditions like income limits that apply to the education loan interest deduction. Your tax advisor will be able to guide you.

Deducting Student Loan Interest
Till 2001 taxpayers were able to deduct student loan interest during the first 60 months of repayment on a student loan. It used to depend on the amount of income earned. From 2002, limit was eliminated and hence you may be entitled to deduct interest regardless of the age of your loan.

You can order IRS Publication 970, "Tax Benefits for Higher Education", or contact your Tax Advisor for additional information.



For any queries on PLUS Loans, please email us or call (800) 821-5659.


How EdFed Helped others!
Trust me I have called many different consolidation companies and none of them compare to EdFeds great Customer Service. They are defiantly on top of things. They were the seventh call and out of all the other people I had previously spoken with they were the only ones to help me with all my questions and concerns. They made me feel comfortable about the consolidation process and my decision to choose them.
- Kenneth S.  Denver, CO
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Student Loan Consolidation Info - How to Choose the Right Loan Company

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Education is one of the most basic right of any human, but with the increase in prices and the costs involved in education this has made these rights turn into a privilege which very few can enjoy. Any normal person today in the whole of United States has to take an education loan at one point of time to pay for their education fees.

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CONSOLIDATION NEWS
Schools Will No Longer Receive Paper FAFSA Forms
(September 20, 2007)

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EdFed's borrower benefits program enables you to reduce your interest rate by an additional 1% if you consolidate $20,000 or more in eligible student loans and make 36 consecutive on-time payments.
US School Directory
Comprehensive List of Schools at which EdFed Assists Students.
EdFed is a FFELP lender with lender identification number 834241.
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