Current Tax Year Info

Borrowers may be eligible to deduct the interest paid on their student loans when they file their income tax returns.  This is called the Student Loan Interest Statement, also known as the 1098-E. 

                                                                          Tax ID #: 57-0602805

To view your interest paid (1098-E) for the previous year, you may log in to your on-line account and click on View your interest paid for the current tax year (1098-E) on the Borrower Menu.  If you have not created an account, click here. 

All borrowers who have paid interest during the previous year will be mailed a letter and/or a statement by January 31st of the current year providing 1098-E information. 

Please be aware that interest paid on loans that were not part of the borrower's cost of attendance at their institution may not be eligible for inclusion on the 1098-E.  Examples include the PAL Residency and Relocation Loan and the PAL Law PREP (Practice Review & Exam Preparation) Loan.  Please see IRS Pub. 970 or consult your tax advisor for further information.