Student Loan Interest Tax Deduction

If you have made interest payments on your student loans or you have paid origination fees and/or capitalized interest, you may be eligible to claim these amounts as a deduction on your income taxes.

Nelnet prints taxable interest information on all statements generated between January 1 and April 15. These statements serve as your 1098-E Form. If all your loans are paid in full due to payment, claim, or consolidation, a 1098-E Form was mailed to you at the end of January. You may also view information from your 1098-E Form online by logging in to your account. Note: The interest information displayed on your online account is informational only and should not be used for tax purposes. Please refer to your account statement or 1098-E Form for official tax information.

For additional information, obtain a copy of IRS Publication 970, Tax Benefits for Higher Education (Cat. No. 25221V) by calling 1.800.TAX.FORM (829.3676).