How is it possible to deduct more than just interest on student loans?
I have 160k students Sallie Mae loans. I know I can deduct the interest, but how could one deduct the entire paid off loans? Could one do it through an LLC as an education expense, or perhaps pay cash for a piece of property, then take a loan against the property to pay off the loan? How could I possibly deduct the entire loan?
About graduate student loans, is it possible to deduct paid interest from taxes paid later when at work?
If both spouses have asked for loans , does it make any difference to make a deduction if one or both are working after they graduate ?