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New Member
posted Feb 5, 2024 7:22:42 AM

Can I claim the interest on my daughters student loan if I have made all the payments?

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2 Replies
Expert Alumni
Feb 5, 2024 7:24:29 AM

Yes, you can take the student loan deduction if you are the borrower or the co-signer of the loan and made the loan payments.

 

Please read this TurboTax article on the student loan interest deduction.

Level 15
Feb 5, 2024 8:17:57 AM

You can claim the interest deduction, if you meet these three requirements:

  1. You paid the interest
  2. You are legally obligated to pay it (co-signing counts)
  3. The student was your dependent, at the time the loan was used to pay for qualified educational expenses