We consolidated our student loans from the US dept of education in March of 2004. We got 1098 e forms from all the direct loans that were paid off.
We consolidate my dh's loan to another company because they are just sucky. now they are telling me that he doesnt get the interest that was paid when it was paid off becuse the money came from a "consolidation" company. BULL PUCKEY!! It was paid on my dh's behalf. so on the phone with them, thent he IRS and even my new consolidation compant to not only get an itemized detail of what they paid and to find out what their policy is on this situation.
So I call CFS Suntech back and they try to tell me the same carp again, we didnt pay it ourselves. BULL the interest is NOW In the principal balance we are paying to lender #2. WTHECK!!?!?!?
I told them that I contacted the irs and we went thru the pub 970 and the taxpayers relief of 1997 and NOTHING says that if it is a consolidation comp that we cant take the student loan interest credit.
That CFS Suntech needed to send me a copy of the paper that says that I am not entitled and not on their letter head. SOMETHING that the government says that I am not allowed to have that credit because of "a consolidation company" paid it.
If they cant provide that, I will open a can of worms that they wont like. I will make it my life goal to get them in deep doo doo with whoever will listen and can take action!
I am getting tired of this stupid people!
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