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

Adjustments to Income

Student Loan Interest

Reporting Student Loan Interest

If the taxpayer paid $600 or more in interest to a single lender, the taxpayer should receive Form 1098-E, Student Loan Interest Statement, or another statement from the lender showing the amount of interest paid. This information will assist you in completing the student loan interest deduction.

Student loan interest is reported to the taxpayer on Form 1098-E, box 1. The deductible amount is calculated using the Student Loan Interest Deduction Worksheet.

Form 1040, line for entering student tuition and interest deduction.
Form 1098-E

Form 1098-E