I can not claim Parent Plus Federal Student Loan interest because I have too high of an annual income. Can my son claim the interest?

[IreneS · Accepted solution]

No, for the following reasons:

• Presumably you are claiming him as a dependent on your return;
• He is not legally obligated to pay interest on the loan; and
• He did not pay the interest.
  

According to IRS Pub. 970 - Tax; Benefits for Education:

Generally, you can claim the deduction if all of the following requirements are met.

• Your filing status is any filing status except married filing separately.
  
• No one else is claiming an exemption for you on his or her tax return.
  
• You are legally obligated to pay interest on a qualified student loan.
  
• You paid interest on a qualified student loan.