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What is considered eligible student loan expenses other than interest, can I take my student loan payments as a deduction.

 
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2 Replies

What is considered eligible student loan expenses other than interest, can I take my student loan payments as a deduction.

Student loan payments are not reported or deductible on a tax return.  Only the interest paid on the loan is reported on a tax return.

Vanessa A
Employee Tax Expert

What is considered eligible student loan expenses other than interest, can I take my student loan payments as a deduction.

No.  The only student loan expense that is deductible is the interest.  You cannot deduct the principal payments.

 

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