Student loan

[gekkoplus]

I am looking to enroll into distance mba program from a university in the UK while working full time in bay area. I need to pay $40K in next 2 years as tuition. My employer pays $5K per year as educational assistance. I want to fund remaining $30K from student loan.

My questions are -

1) Where do I find information for getting a student loan? I am not eligible for federal assistance as I am not a citizen or permanent resident.

2) Will I be able to deduct tuition expense from my gross income to reduce my taxable income? I am in doubt as the school is in the UK.

Thanks in advance.

[maryannsms]

The loan is also known as direct student loan. It can be directly availed from the federal government. What's pleasant is the terms and conditions. Unlike private student loans, the interest charged is lower. The program is intended to assist student financially. It will give opportunity to those college students who are determined in continuing their education. The high costs of tuition fees and other related expenses pose a burden on most students. Majority of students availing loans came from low-income families. Even working students are dependent on loans in order to survive college life. With the help of direct student loan, they will be able to pay off necessary expenses.