Student loan interest is tax deductible.

Is it true that student loan interest is tax deductible?

Partly. US-focused sources indicate a student loan interest deduction exists for some borrowers (income-capped, up to $2,500), while other items note the deduction was eliminated in 1986/1991 and that student loan interest is generally not deductible. None addresses deductibility outside the United States, so the general claim is only partly covered.

Verdict: CONTESTED PARTIAL · 4 sources for, 3 against · Last checked 17 Oct 2026

The private library was unavailable for some searches in this check. Missing library results are not evidence against the claim.

Canché, M. S. G. (2022). Post-purchase Federal Financial Aid: How (in)Effective is the IRS's Student Loan Interest Deduction (SLID) in Reaching Lower-Income Taxpayers and Students?. doi.org. https://doi.org/10.1007/s11162-021-09672-6

Student loan. (n.d.). en.wikipedia.org. https://en.wikipedia.org/wiki/Student_loan

ERIC (2014). ERIC ED564590: Harnessing the Tax Code to Promote College Affordability: Options for Reform. archive.org. https://archive.org/details/ERIC_ED564590

Joe, V., David, B., & Elizabeth, B. (2014). Harnessing the Tax Code to Promote College Affordability: Options for Reform. eric.ed.gov. https://eric.ed.gov/?id=ED564590

Susan, D. & E., S. J. (2016). Tax Benefits for College Attendance. doi.org. https://doi.org/10.7916/D8CF9Q8M

ERIC (1992). ERIC ED349905: Tax Allowance for Interest Payments on Educational Loans: Data and Discussion of Issues.. archive.org. https://archive.org/details/ERIC_ED349905

Alan, T. L. & Bob, L. (1992). Tax Allowance for Interest Payments on Educational Loans: Data and Discussion of Issues.. eric.ed.gov. https://eric.ed.gov/?id=ED349905