2020
Form 1098-E
Student
Loan Interest
Statement
OMB No. 1545-1576
Copy B
For Borrower
This is important tax
information and is being
furnished to the IRS. If
you are required to file a
return, a negligence
penalty or other
sanction may be
imposed on you if the
IRS determines that an
underpayment of tax
results because you
overstated a deduction
for student loan interest.
CORRECTED (if checked)
RECIPIENT’S/LENDER’S name, street address, city or town, state or
province, country, ZIP or foreign postal code, and telephone number
RECIPIENT’S TIN BORROWER’S TIN
BORROWER’S name and address
Account number (see instructions)
1 Student loan interest received by lender
2 If checked, box 1 does not include loan origination
fees and/or capitalized interest for loans made before
September 1, 2004 .........
Form 1098-E
(keep for your records)
www.irs.gov/Form1098E
Department of the Treasury - Internal Revenue Service
Instructions for Borrower
A person (including a financial institution, a governmental unit,
and an educational institution) that receives interest payments
of $600 or more during the year on one or more qualified
student loans must furnish this statement to you.
You may be able to deduct student loan interest that you
actually paid in 2020 on your income tax return. However, you
may not be able to deduct the full amount of interest reported
on this statement. Do not contact the recipient/lender for
explanations of the requirements for (and how to figure) any
allowable deduction for the interest paid. Instead, for more
information, see Pub. 970, and the Student Loan Interest
Deduction Worksheet the Instructions for Forms 1040 and
1040-SR.
Borrower’s taxpayer identification number (TIN). For your
protection, this form may show only the last four digits of your
TIN (social security number (SSN), individual taxpayer
identification number (ITIN), adoption taxpayer identification
number (ATIN), or employer identification number (EIN)).
However, the issuer has reported your complete TIN to the
IRS.
Account number. May show an account or other unique
number the lender assigned to distinguish your account.
Box 1. Shows the interest received by the lender during the
year on one or more student loans made to you. For loans
made on or after September 1, 2004, box 1 must include loan
origination fees and capitalized interest received in 2020. If
your loan was made before September 1, 2004, you may be
able to deduct loan origination fees and capitalized interest
not reported in box 1.
Box 2. If checked, indicates that loan origination fees and/or
capitalized interest are not included in box 1 for loans made
before September 1, 2004. See Pub. 970 for how to figure any
deductible loan origination fees or capitalized interest.
Future developments. For the latest information about
developments related to Form 1098-E and its instructions,
such as legislation enacted after they were published, go to
www.irs.gov/Form1098E.
U.S. DEPARTMENT OF EDUCATION
PO BOX 7860
MADISON, WI 53707-7860
(800) 236-4300
MELENA C. MCNEIL
124 WEST PIERCE ST
WARSAW, NC 28398
U.S. DEPARTMENT OF EDUCATION (777581)
CONSOLIDATED LOAN ACCOUNT
