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

Adjustments to Income

Student Loan Interest

Eligible Educational Institution

For the student loan interest deduction, an eligible educational institution is generally either of the following:

  • A college, university, vocational school, or other postsecondary educational institution eligible to participate in Department of Education student aid programs. This category includes virtually all accredited public, nonprofit, and privately owned profit-making postsecondary institutions.
  • An institution conducting an internship or residency program leading to a degree or certificate from an institution of higher education, a hospital, or a healthcare facility that offers postgraduate training.
More Information

If a taxpayer does not know if the educational institution is an eligible institution, the taxpayer should contact the school. Additionally, a database of all accredited schools is available on the U.S. Department of Education website.

No Double Benefit Allowed

Taxpayers cannot deduct as interest on a student loan any amount that is an allowable deduction under any other provision of the tax law (e.g., as home mortgage interest).

College setting.