Private College Student Loan - Can I claim Repayment of Education Loan in India for Tax Benefit in USA?

Can I claim Repayment of Education Loan in India for Tax Benefit in USA?

My wife and I both are working in USA. I did my Masters here. I recently (in 2009) repaid my education loan back home in India. Can I claim that as a Tax Benefit while filing for Taxes in USA for 2009? Please answer as it seems like I will be ending up paying more this time (approx 4000$) instead of getting a rebate and I am trying to minimize that amount.

Public Comments

The only tax benefit for paying a student loan is a deduction for the interest. IRS publication 970 indicates that in order for the interest to be deductible, the tuition it paid for must have been at a school covered by the US Department of Education Federal Student Aid Program. Only a few schools outside the US would qualify.
No. Even if you are eligible for student loan interest deduction, in that case, you must get W-8BEN from the foreign bank and must withhold tax on the interest paid as per tax treaty. You should also be aware of Form TD F 90-22.1 filing requirements.
To find a good, trusted loan lender online is very rare as a result of so numerous fruadstar that claims to be true lender. I'm posting this information to whoever is in need of loan for establishment and other purpose, someone Mr Johnson Fred Joe referred me to Mr Charles Bricks, I thought it was a joke, I contacted Mr Charls Bricks and he processed my application and helped me out. I'm glad to let you all know that I have been able to pay my bills, startup my fashion designing shop with the loan Mr Charles gave me without any such upfront fee. I have to also add that there are much security questions before they could approve my loan, they said due to so many bad customers. His contact weltland.microfinance@gmail.com Endeavour to inform him that I Loveth Fisher referred you.
BLOOMBERG INVESTMENT COMPANY. 1st Floor Jalan Teman Pusat Kepong 50200 Kuala Lumpur, Malaysia. TELEPHONE: +60-129-710-964 Bloomberg investments came into being with the desire to harness both our human and material resources, for the creation of wealth for individuals and corporate bodies around the world. It desires to, among other things: 1.Compliment the efforts of the United Nations (UN) and the International Monetary fund (IMF) to eradicate poverty and provide financial security. 2.Reach out to the grassroots through financial empowerment and soft loans that will help them grow their individual businesses and actualise their dreams which would come with the accompanying positive multiplier effect on the world economy. 3.Attempt to bridge the gap between the poor and their better off fellow humans through capital building, enhancing a savings culture and poverty reduction initiatives. 4.Assist people to settle bills and advice them on ways to go about making money through online businesses. LOANS Our Loans are opened to everybody and corporate bodies above 18 years of age from any part of the world and with a steady source of income or a business proposal. Loans are given out after a careful study of the application of a client and verification of details provided. Loans between $2,000 USD and $5,000,000 USD are given at 3% interest rate (Flat Rate) for a period of 1 to 10 years as the case may be. Repayments will be made in monthly instalments which will commence three (6) months after the receipt of the loan. Details of the repayment plan will be sent to you as soon as your loan application is approved. Loan services rendered include: {1} Personal Loans {2} Student Loans {3} Business Loans {4} Debt Consolidation Loans {4} Home Loans ETC Approved loans will be transferred to the recipient within 48 hours after verification of details on the application. If you are interested in obtaining a loan from us, contact me via e-mail (bloomberginvest_asia@asia.com). You will be glad you did. Dr. Paul Brown Asian Regional Manager ©2009 BLOOMBERG INVESTMENT COMPANY
Hello my name is tessy peter am from texas you know to secure loan this days is very difficut,and when your credit score is bad.but am able to secure a loan last week from a legit lender and my credit score is bad, you can contact them via emial>USMAN_CORPORATELOANFIRM@YAHOO.COM becuase i know they will help u.
Good day to you, We are a registered financial company which grant loans to all individuals.We also deal on the sales of gold. We give out loans ranging from Home loans, Auto Loans, Mortgage loans, Business Loans, International Loans, Personal Loans,etc. Contact us today if you are interested in the loan. Mr. Frank Smith. Contact E-mail:ultimate.lenders@yahoo.com 14 Cabot Square,Fulham, London,United Kingdom Tel Num: +447045723089.