I was charged a $466 fee to take out a student loan with the Dept. of Education Loan Service. This was not interest. The loan is in my name only. Can I deduct this fee?

andersontc — Tue, 04 Jun 2019 20:04:07 GMT

Yes, but you can only deduct a portion of it. You have to...

LauraVF — Tue, 04 Jun 2019 20:04:08 GMT

Yes, but you can only deduct a portion of it. You have to divide the origination fee you paid by the number of years you have to pay off the loan to calculate the amount you can deduct each year as part of student loan interest.

You can also treat capitalized interest the same way as loan origination fees.

For more information, please read the following TurboTax article.

What is a 1098-E: Student Loan Interest

topic I was charged a $466 fee to take out a student loan with the Dept. of Education Loan Service. This was not interest. The loan is in my name only. Can I deduct this fee? in Education

I was charged a $466 fee to take out a student loan with the Dept. of Education Loan Service. This was not interest. The loan is in my name only. Can I deduct this fee?

Yes, but you can only deduct a portion of it. You have to...