Education loan helps in saving income tax?

masterboy123

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Can anyone say how this educational (medical study) loan helps in saving my income tax? I have heard that if I have taken loan I have to pay less income tax. Can someone please explain me how it can be done?
Soon I am going to start my first job with HSE, as a doctor.

Thank you!
 
Hi Ellen,

I have checked revenue and citizeninformation page as well already but couldn't find anything for my case.

I studied in another EU country where I paid about 8000 Euros annually for 6 years as tuition fees and now I am about to start work in Ireland.
I cant find correct information whether the tuition fees relief applies to me or not. I have educational loan from my home country (not Ireland) which I have to start repaying from coming summers.

You may find some information under tuition fees. If you run a search on thesite itself you may find something further.

Not sure if would have anything but it is handy to know about that site either way.
 
I have heard that if I have taken loan I have to pay less income tax.

Can someone please explain me how it can be done?
!

I am only aware of tax relief on tuition fees paid. In Ireland there is no relief for loans taken out to pay for education.
 
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