Education. " U.S. Department of Education Announces Agreement with Missouri to End Biden Administration's Illegal SAVE Plan."Department of Education. " Frequently Asked Questions: The Negotiated Rulemaking Process for Title IV Regulations."Read morePartner Links## Related ArticlesWhat's Next For The SAVE Plan? What Student Loan Borrowers Need To KnowCourt Revives Biden-Era Student Loan Repayment PlanEducation Department Confirms Ongoing Talks to Privatize Over $1 Trillion in Student LoansStudent Loan Forgiv ...

If you borrowed money for college for yourself or your child, you may be eligible for the student loan interest deduction, which can reduce your taxable income by up to $2,500. You’re only eligible for the tax deduction if you paid student loan interest during the tax year. If you didn’t make student loan payments in 2025 because your loan was in forbearance, deferment, or default, you won’t qualify to deduct student loan interest. To take advantage of the student loan interest deduction, it’s important ...