https://www.taxtmi.com/forum/issue?id=111036 Eligibility for the interest deduction depends on the purpose of the loan, not its label; the loan need not be formally called an education loan. Interest on a personal loan used solely for financing higher education may qualify if the taxpayer can demonstrate that the proceeds were applied exclusively for education. en-us Tue, 18 Oct 2016 12:43:27 +0530 Thu, 23 Jan 2025 15:56:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111036 Eligibility for the interest deduction depends on the purpose of the loan, not its label; the loan need not be formally called an education loan. Interest on a personal loan used solely for financing higher education may qualify if the taxpayer can demonstrate that the proceeds were applied exclusively for education. Discussion-Forum Income Tax Tue, 18 Oct 2016 12:43:27 +0530 https://www.taxtmi.com/forum/issue?id=111036