Savings Bond Interest Deduction/Student Loan

[Aleta]

I read something somewhere that if you cash in your savings bonds and pay your student loan off that you wouldn't have to put your interest on your tax form. Has anyone heard of this. Now, I'm trying to hunt down that information because my son has two bonds that have now matured and he is getting ready to pay off the rest of his student loan. He found that interesting.

[scfr]

Re: Savings Bond Interest Deduction/Student Loan

I don't know the answer, but I'll bet you could find it by digging around at the US Treasury web site (www.treasurydirect.gov) or the IRS' site (www.irs.gov)