Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Adjustments to Income

Student Loan Interest

Qualified Student Loan Interest

Generally, student loan interest is the interest paid during the year on a loan for qualified higher education expenses that were:

  • For the taxpayer, the taxpayer's spouse (if Married Filing Jointly), or a person who was the taxpayer's dependent when the loan was obtained, and
  • Paid within a reasonable period of time before or after obtaining the loan, and
  • For an eligible student

Loan Qualifications

To qualify, a student loan:

  • Must be solely to pay qualified education expenses, and
  • Cannot be from a related person or made under a qualified employer plan

Generally, qualified higher education expenses include tuition, fees, room and board, books, supplies, equipment, and other necessary expenses, such as transportation. Review the student loan interest at a glance tip in the 4012 for more information.

More Information

An eligible student is one enrolled in and carrying at least one-half the normal load for a qualified program.

College setting.
Student loan interest deduction

Student loan interest deduction