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shari399
New Member

Can I claim the interest on a student loan paid in full? How do you calculate that?

I paid off my student loan, how do I figure out how much interest was paid?
1 Reply
HelenaC
New Member

Can I claim the interest on a student loan paid in full? How do you calculate that?

Yes, you can claim the interest on a student loan if you paid it off. You would not calculate it. Your lending institution will send you IRS Form 1098-E Student Loan Interest with the amount of interest you paid in a calendar year.

You may be able to access the information online if you have access.

Please see the screenshot of IRS Table 19-1 Student Loan Interest Deduction at a Glance below.

To enter your student loan interest, please see the following instructions:

  • Type student loan interest in the search or find bar and click search.
  • Click on Jump to Student Loan Interest.
  • Continue with the onscreen questions.



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