I took out a student loan for my granddaughter in order to get a lower interest rate. I make the monthly payments and she reimburses me. Can I claim the student loan interest on the Form 1098-E? I would pass on the tax savings to her.
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You could only claim the student loan interest deduction if the student were your dependent when the loan was made.
You can claim the deduction if all of the following apply:
A qualified student loan is a loan you took out solely to pay qualified higher-education expenses that were:
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