is private institution loan tax deductible
Interest deductions apply to Federal, private, and Vanderbilt institutional loans. The amount of your student loan interest deduction is phased out if your modified adjusted gross income (MAGI) is between $50,000 and $65,000 ($100,000 and $130,000 if you file a joint return).axpayers who have secured loans to pay the cost of attending an eligible educational institution for themselves, their spouse, or their dependents may generally deduct the interest they pay on these student loans.