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 know as the 1098-E. 

Your interest paid (1098-E) for the previous year is listed on your monthly statements January through April of the current year.  You may log in to your on-line account and view this information (if you have not created an account, click here).  Once logged in, click on View My Statement/Account.  You will then click on the scroll down box: Statements on file and you may view the amount of interest paid on your statements January through April.  For your convenience, you may also print your statement by clicking on Print Statement. 

If you are on automatic bank draft, a letter will be mailed before January 31st of the current year providing your 1098-E information. 

Not all education-related loans are 1098-E eligible.  These include loans that were not part of the borrower's cost of attendance at their institution.  Examples include the PAL Residency and Relocation Loan and the PAL Law PREP (Practice Review & Exam Preparation) Loan.