Also remember there was a code change a few years back. It used to be that you could deduct student loan interest for up to 5 years. The code has since been changed, and now allows indefinite deduction of student loan interest, as long as your adjusted gross income is less than $50K for a single taxpayer and $100K for those married filing jointly (MFJ). For single filers with AGI between $50K and $65K ($100 K and $130K for MFJ), your ability to deduct student loan interest is limited, with the deduction declining as you approach $65K (or $130 K for MFJ). Once your AGI exceeds either the $65K($130K for MFJ) your student loan interest is no longer deductible, regardless of the amount. The most practical way around this is to take some kind of tax-deductible home equity loan and pay off some or all of the student loans. Obviously you'd have to own a home to do this, and you would need a significant amount of equity.