Your child must be your dependent.
Please see this answer from Kathry G3.
No. Unfortunately, you would not be eligible in those circumstances.
2019 Form 8815 Exclusion of Interest from Series EE and I U.S. Savings Bonds Issued After 1989 Instr... page 3:
Who Can Take the Exclusion You can take the exclusion if all four of the following apply.
1. You cashed qualified U.S. savings bonds in 2019 that were issued after 1989.
2. You paid qualified higher education expenses in 2019 for yourself, your spouse, or your dependents.
3. Your filing status is any status except married filing separately.
4. Your modified adjusted gross income (AGI) is less than: $96,100 if single, head of household, or qualifying widow(er); $151,600 if married filing jointly. See the instructions for line 9 to figure your modified AGI.
U.S. Savings Bonds That Qualify for Exclusion
To qualify for the exclusion, the bonds must be series EE or I U.S. savings bonds issued after 1989 in your name, or, if you are married, they may be issued in your name and your spouse’s name. Also, you must have been age 24 or older before the bonds were issued. A bond bought by a parent and issued in the name of his or her child under age 24 does not qualify for the exclusion by the parent or child.
