1098-E

Student Loan Interest Statement

Agency
IRS
Revision
2026
Fillable fields
43
Pages
4
Official source
IRS form page
Checked
October 20, 2026
Fill 1098-E online
Page 1 of form 1098-E

Form 1098-E: Student Loan Interest Statement

Form 1098-E is the student loan interest statement. The IRS page says that if you receive student loan interest of $600 or more from an individual during the year in the course of your trade or business, you file this form and provide a statement or acceptable substitute, on paper or electronically, to the borrower. The filer sends Copy A to the IRS and gives Copy B to the borrower.

The form is short. Box 1 shows the student loan interest the lender received during the year, and box 2 is a checkbox for loans made before September 1, 2004 when box 1 leaves out loan origination fees or capitalized interest.

Copy B says the borrower may be able to deduct student loan interest actually paid in 2026, but may not be able to deduct the full amount reported. The current PDF is the 2026 form. You can fill out Copy B free on this page.

What's on Form 1098-E

Recipient or lender details

Name, address, telephone number and TIN of the filer. The instructions say to use the same name and address on Form 1096.

Borrower details

The borrower's TIN, name and address. The TIN may be truncated to the last four digits on Copy B, but not on the copy filed with the IRS.

Account number

Required when the lender files more than one Form 1098-E for the same borrower because of multiple accounts. The IRS encourages an account number on every form.

Box 1: student loan interest received

The interest the lender received during the calendar year. For loans made on or after September 1, 2004, it includes capitalized interest and loan origination fees as described in the regulations.

Box 2: older loans checkbox

Checked if box 1 does not include loan origination fees or capitalized interest for loans made before September 1, 2004.

How to fill out Form 1098-E

  1. 1

    Check that the loan is reportable

    The instructions say a reportable loan is one under a federal, state, local or school program, or one the borrower certifies was taken solely for qualified higher education expenses. Loans under a qualified employer plan are not reported.

  2. 2

    Collect the borrower's information

    Form W-9S can be used to get the borrower's name, address, TIN and student loan certification. The instructions say using it is optional.

  3. 3

    Enter lender and borrower details

    Fill in both names, addresses and TINs, and an account number when the borrower has more than one account with you.

  4. 4

    Enter the interest in box 1

    The $600 threshold applies to each borrower, however many loans they have. The instructions allow one form per loan or one form for all of a borrower's loans.

  5. 5

    Check box 2 if it applies

    Check it only for loans made before September 1, 2004 when box 1 leaves out loan origination fees or capitalized interest.

  6. 6

    File Copy A and give Copy B

    Copy A goes to the IRS and Copy B to the borrower, on paper or electronically. You can fill this form free on this page.

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Deadlines, where to send it and borrower notes

Deadlines

The instructions point to Pub. 1099, General Instructions for Certain Information Returns, for when and where to file and for statements to borrowers.

E-file rule

The instructions say the e-file threshold is 10 information returns in total, for returns filed on or after January 1, 2024. The IRS IRIS portal is one way to e-file.

Paper Copy A

The PDF says Copy A printed from it can't be scanned and a penalty may apply for filing it. Official scannable forms can be ordered at IRS.gov/EmployerForms.

Electronic statements

The instructions say a lender may offer consent to receive Form 1098-E electronically as part of a global consent to do business electronically that meets the regulations.

For borrowers

Copy B says a negligence penalty or other sanction may apply if the IRS finds an underpayment of tax because a student loan interest deduction was overstated.

Related forms

Who files Form 1098-E?

  • Lenders that receive $600 or more

    The instructions name financial institutions, governmental units, educational institutions and any other person who receives $600 or more of student loan interest from an individual in the course of a trade or business.

  • Loan servicers and collection agents

    If more than one person is connected with the loan, only the first person to receive the interest payment files. The instructions give a loan service or collection agent as an example.

  • Lenders on revolving accounts, with certification

    Interest on revolving accounts, such as credit cards, is reported only if the borrower certifies that all the loan proceeds are used solely for qualified higher education expenses. Mixed-use loans are not reported.

  • Borrowers who receive Copy B

    Copy B is the borrower's statement. It says the borrower may be able to deduct student loan interest actually paid during the year on the income tax return.

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Questions about Form 1098-E

Why didn't I get a Form 1098-E?

The instructions set the filing threshold at $600 or more of interest received from a borrower during the year, so a lender that received less may not send one.

Can I deduct the whole amount in box 1?

Not always. Copy B says you may not be able to deduct the full amount and points to Pub. 970 and the Student Loan Interest Deduction Worksheet. The 2025 Form 1040 instructions say the worksheet result goes on Schedule 1, line 21, and its line 1 is capped at $2,500.

What does box 2 mean?

If checked, box 1 does not include loan origination fees or capitalized interest for loans made before September 1, 2004. Copy B points to Pub. 970 for how to figure any deductible fees or capitalized interest.

I have several loans with one lender. Do I get one form or several?

Either. The instructions say the lender may file a separate Form 1098-E for each loan or one form for the interest on all of a borrower's loans.

Does interest on a credit card count?

Only if the borrower certifies that all the loan proceeds were used solely for qualified higher education expenses. The instructions say interest on mixed-use loans is not reported.

Who can explain how to figure my deduction?

Copy B says not to contact the lender for explanations of the deduction rules, and points to Pub. 970 and the Instructions for Form 1040 instead.