Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Would it make sense to take a loan from a relative to pay off student loans?
I will start with the assumption that you will never have any late payments and will fully pay off the loan. This may be a big assumption, but if you can't assume that, then you wouldn't have asked the question in the first place. The answer depends on your income: You should calculate how much student loan interest you can deduct before and after the switch, and adjust the interest rate accordingly to compensate for any difference.