<prompt> Human: Now, my parents are taking a large sum 1200 out of my account every month. With my previous student loan, I was able to write off the interest for tax purposes. Is there a way to do the same thing now, or am I not able to because of the change in type of loan?I am 24yo and working my ass off to pay down this enormous debt.I am making 59kyear pre-tax, putting 4 into 401k.Paying 1200 into the loans. Car payment of 240month.I live with my parents, and they charge me 500month rent which I think they are putting towards my loan.I have shoulder problems, so I have been paying out of pocket, and towards my 1300 deductible over the past month which has hurt my savings significantly.If anyone has advice or has been in a similar situation, feel free to post anything helpful, it is much appreciated. Thanks everyone!  <response>: With my previous student loan, I was able to write off the interest for tax purposes. Is there a way to do the same thing now, or am I not able to because of the change in type of loan?No, you cant. Your parents may be able to deduct the mortgage interest from their taxes, and they could decide to give you some money because of that. But on the other hand, they already helped you bigtime by taking out that mortgage at a low interest rate, just for you. 