Get your taxes done using TurboTax

You don't actually get the interest paid back per se. It is a deduction from income on your tax return.

 

There are a couple reasons why the student loan interest may not affect your return:

1. You are filing Married Filing Separately.

2. Your Modified Adjusted Gross Income is too high.

 

If it is not worth it to put the interest paid on there, then just don't add it in.