and is on a superbowl contendor <| sep |> Rocket League so you and your friend can both play . Start the spirit of giving early ! <| sep |> I understand who he ' s talking about . But really , taint ? He couldn ' t just spell his name correctly ? <| sep |> s which go directly against the principal but are not eligible for tax deductions . My rationale is that I can pay down the principal quicker and that will reduce the total amount of interest to be paid over the life of the loan to a degree that would justify the lesser tax deduction . Anyone with an accounting background or relevant expThis calculation is incorrect . Tax deductions tax credits . The interest payments to student loans are not tax deductions but tax credits , and it is 15 % of payments no matter what your income is . Therefore , the tax adjusted interest rate is 4 . 42 % 5 . 2 % 115 % This is the same principle as RRSP tax deductions vs medical expenses or any other tax credits . One is based on the marginal tax rate and the other is always 15 % no matter what your income is .