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April 8, 2025
Question

Student loan interest deduction

  • April 8, 2025
  • 1 reply
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I am an International Student from India recently completed my masters in USA. I have paid my entire tuition fee from the educational loan that I have taken from India. Since I am not earning yet, my father was paying the interest for the student loan amount from which I used to pay the tuition fee. My father is paying the interest amount from India. Am I eligible to get a student loan interest deduction in this case as My Indian bank may not give 1098-E form. Is there any way for me to claim the interest my father paid for my tuition fee. The loan amount was solely used to pay for my University Tuition fee in USA.

1 reply

April 8, 2025

No.

 

To be deductible, the lender must be a qualified US institution.

 

Please read this IRS document for more information.

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April 8, 2025

Okay.

 

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