No, there is no requirement to report the student loan interest you paid during a tax year. How the amount will affect your return is difficult to say since there are so many other factors to a tax return. The interest is usually subtracted from your total income before computing your Adjusted Gross Income (AGI).
I suggest you do a mock-up of your return including the interest paid to see if reporting would result in a larger refund.
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from TurboTax about student loans
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HERE for TurboTax Tools and Tips about Amended Returns
