Student Loan Consolidation Incentives and Tax Benefits for Florida and  Tennessee  Students    

Based on current tax regulations, you may be able to deduct the interest on your student loans and take advantage of other student loan consolidation incentives.

Now you can deduct student loan interest for an unlimited time. In the past you could only deduct the interest payments on student loans for the first 60 months of repayment. Now, depending on your income, you may be able to deduct the interest regardless of the age of your loan. Since the income eligibility amounts have been increased to include a larger group of taxpayers. Even if you didn't qualify in the past, you may now be eligible for these new tax benefits and student loan consolidation incentives.

Florida and Tennessee residents/students to find out how you qualify for a student loan interest deduction,  please contact your tax adviser or check the IRS Publication 970.

You can also contact the IRS at 1-800-829-1040 or www.irs.gov .