What is a 1098-E?
The 1098-E Student Loan Interest Statement is an IRS tax form that lists the amount of interest paid on your student loans during the previous year. You may be able to deduct some or this entire amount from the income you report on your federal tax return, which may reduce your income tax. Check with a tax advisor to determine which interest is tax deductible. For more information, see the Student Loan Interest Deduction chapter in IRS Publication 970 (Tax Benefits for Education).
A student loan servicer must issue IRS Form 1098-E (Student Loan Interest Statement) to report student loan interest payments totaling $600 or more during the calendar year. If you had more than one servicer, you may receive a 1098-E from each.
How to access your 1098-E :
- For Campus Based Student Loans (including Perkins, University, and Hawk), UCI’s new loan servicer, Heartland ECSI, will issue 1098-E forms starting with tax year 2017. For more information about your 1098-E form, contact Heartland ECSI at 1-888-549-3274 or visit their website at https://heartland.ecsi.net/
- For Direct Loans (including subsidized, unsubsidized, and PLUS), the US Department of Education employs several servicers. Login at My Federal Student Aid to find the servicer’s contact information for your loan(s).
If you have questions, please feel free to contact our office at 949.824.7310 or email firstname.lastname@example.org.