These education tax benefits include tax deductions and tax credits for college savings, tuition and fees, scholarships, employer tuition assistance and student loan interest. Tax deductions reduce the amount of income that is taxed, while tax credits directly reduce the amount of taxes paid.
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PrivateStudentLoans.com recommends you consider all financial aid alternatives including grants, scholarships and federal loans
(Federal Stafford, Federal Parent PLUS, Federal Grad PLUS) prior to applying for private student loans.