Can i claim interest on a personal loan used to pay off student loan?

mgreenan26034 · ‎April 03, 2025

daughter is 23 and a full time student and I used personal loan to pay off student loan I do not have 1098-E can i claim the interest?

CatinaT1

No, this does not qualify as student loan interest.

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DoninGA

Interest on a personal loan is not deductible on a tax return regardless of how the loan is used.

Hal_Al

Q. Can I claim the interest portion of the student loan that I paid off with the money from the personal loan?

A. You can claim the interest deduction, if you meet the three requirements, and you paid the original student loan in 2024:

You paid the interest
You are legally obligated to pay it (co-signing counts)
The student was your dependent, at the time the loan was used to pay for qualified educational expenses (the TT pop up says “when you took out the loan”)

Do you have an Intuit account?