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My Parents have a ParentPlus loan to cover my tuition. I have made payments on the loan. They received the form 1098-E. Is there a way for me to claim it on my taxes?

 
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Hal_Al
Level 15

My Parents have a ParentPlus loan to cover my tuition. I have made payments on the loan. They received the form 1098-E. Is there a way for me to claim it on my taxes?

Q.  Is there a way for me to claim it on my taxes?

A. No. 

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

  1. You paid the interest
  2. You are legally obligated to pay it. Co-signing counts. But, typically, students do not co-sign Parent Plus loans.
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