Originally Posted by traderumor
If you have the money to pay the tuition, you'd be better off not taking a loan where you pay interest to get a deduction. You are going to pay more in interest than you save in taxes.
It wouldn't be anything major but by taking the "small loan" I wouldn't have to worry about killing myself between school and having to work to pay for it. I know I wouldn't get alot back but it would just take that one issue and put it off until another day and keep some money in the bank.