Skip to main content area Skip to institutional navigation Skip to sub-navigation

FINANCIAL AID POLICIES HANDBOOK 2014-2015

Student Loan Interest Deduction

Students and parents who are taxpayers and have taken any loans exclusively to pay for the cost of attendance may deduct interest they pay on these student loans. Taxpayers may deduct all interest paid on the loan up to an annual maximum of $2,500. The interest deduction is available for taxpayers with adjusted gross income under $75,000 for single filers, or under $150,000 for married taxpayers filing jointly.

The deduction is taken as an adjustment to income, which means that taxpayers may claim this deduction even if they do not itemize deductions. Complete information is available in IRS Publication 970, from your tax advisor, or from http://www.irs.gov.

Back to the Financial Aid Policies Handbook Table of Contents »

Contact the Financial Aid Office

  • James M. Swanson, Director of Financial Aid
  • Elaine Redwine, Associate Director of Financial Aid
  • Gaye L. Scheafer, Assistant Director of Financial Aid
  • Kathy Gonzalez, Financial Aid Counselor
  • Lucie Holloway, Communication & Student Employment Coordinator
  • Libby Fletcher, Financial Aid Coordinator
  • Colleen Smith, Financial Aid Specialist

financialaid@coloradocollege.edu
800-260-6458 or 719-389-6651
Fax: 719-389-6173

Spencer Center, 1st Floor                                                                                                        14 E. Cache La Poudre St.
Colorado Springs, CO 80903

Hours of operation: Monday - Friday, 8:30am - 5:00pm