Reporting Student Loan Interest Payments From IRS Form 1098-E on Your 2013 Taxes

If you made federal student loan payments in 2013, you may be eligible to deduct a portion of the interest paid on your 2013 federal tax return. Student loan interest payments are reported both to the Internal Revenue Service (IRS) and to you on IRS Form 1098-E, Student Loan Interest Statement.

Under what circumstances do federal loan servicers report interest payments on IRS Form 1098-E?
How many 2013 1098-Es should I expect to receive?
What help is available if I have questions?


Under what circumstances do federal loan servicers report interest payments on IRS Form 1098-E?

The IRS requires federal loan servicers to report payments on IRS Form 1098-E if the interest received from the borrower in the tax year was $600 or more.

If you paid less than $600 in interest to a federal loan servicer during the tax year and do not receive a 1098-E, you may contact your servicer for the exact amount of interest paid during the year.

 


How many 2013 1098-Es should I expect to receive?

That depends on how much you paid in interest, how many servicers you had, and some other factors. Read through the scenarios below; one of them will probably apply to you.

    1. Your current servicer was your only servicer in 2013: In this case, your current federal loan servicer will provide you with a copy of your 1098-E if you paid interest of $600 or more in 2013. Your servicer may send your 1098-E via U.S. mail or electronically.
    2. You had multiple servicers (other than those addressed below) in 2013: In this case, each of your federal loan servicers will provide you with a copy of your 1098-E if you paid interest of $600 or more to that individual servicer in 2013. Each servicer may send your 1098-E via U.S. mail or electronically.
    3. Your servicer was COSTEP, EdManage, or EDGEucation Loans before transfer of your loans to MOHELA in 2013: In this case, your new servicer, MOHELA, will provide you with a copy of your 1098-E if you paid interest of $600 or more in 2013. The 1098-E will cover all interest paid in 2013 to COSTEP, EdManage, EDGEucation Loans, and/or MOHELA. MOHELA may send your 1098-E via U.S. mail or electronically.
    4. Your servicer was KSA Servicing before transfer of your loans to Aspire Resources Inc. in 2013: In this case, your new servicer, Aspire Resources Inc., will provide you, via U.S. mail, a summary of the interest you paid to KSA Servicing in 2013 if that interest was $600 or more. In addition, Aspire will provide you, via U.S. mail, a copy of your 1098-E if the interest you paid to Aspire in 2013 was $600 or more. The 1098-E for interest paid to Aspire also will be available electronically.
    5. Your servicer was the Direct Loan Servicing Center before transfer of your loans to another servicer in 2013: In this case, Federal Student Aid (an office of the U.S. Department of Education) or your current federal loan servicer will do the following:
    • Federal Student Aid will provide you with a copy of your 1098-E if you paid interest of $600 or more to the Direct Loan Servicing Center in 2013. Federal Student Aid will send your 1098-E via U.S. mail.
    • Your current federal loan servicer will provide you with a copy of your 1098-E if you paid interest of $600 or more to the current servicer in 2013. The servicer may send your 1098-E via U.S. mail or electronically.
    • Upon request, your current federal loan servicer will look up and provide you with the amount of interest paid during the period in 2013 when the Direct Loan Servicing Center was your servicer.
    • If you don’t receive 1098-Es because the interest you paid in 2013 to the Direct Loan Servicing Center or to your current federal loan servicer was less than $600, you may contact your current servicer to receive interest paid amount information. You will then be able to determine if the combined amount of interest paid to the two entities was $600 or more.

         Note: If your loans were serviced by the Direct Loan Servicing Center and paid in full in 2013, you can access your account information within the National Student Loan Data System (NSLDS®) for the phone number of a resource that can provide interest paid amount information.

 


What help is available if I have questions?

If you have questions about 2013 1098-Es, contact your current federal loan servicer for assistance. If you’re not sure who your loan servicer is, you can look it up at www.nslds.ed.gov or call the Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243; TTY 1-800-730-8913). To see a list of servicers for federally held loans made through the William D. Ford Federal Direct Loan (Direct Loan) Program and the Federal Family Education Loan (FFEL) Program, go to our Loan Servicers page.

For more information about student loan interest deduction, visit the IRS’s Tax Benefits for Education: Information Center.