Tax Information
You may be eligible to deduct the interest paid you paid on your student loans from your income, which could reduce the amount you
owe in income tax. The 1098-E tax form reports the amount of interest you paid on student loans in a calendar year.
Borrowers Whose Federal Loans Have Been Serviced by MOHELA Throughout 2024
If you have been serviced by MOHELA throughout 2024, we will have your 2024 tax information. If you had an adjustment from 2023 during 2024, the adjustment may be included in your total reportable amount.
Borrowers Who Transferred to or from MOHELA in 2024
If you transferred to or from Nelnet:
MOHELA will only have your tax information for the time you have been serviced by us. You may have additional federal student loan interest paid to Nelnet in 2024. For questions related to interest paid to Nelnet, please contact them.
If you transferred from Aidvantage or EdFinancial to MOHELA and are currently serviced by us:
MOHELA has your tax information from both MOHELA and your prior servicer for 2024. If you had an adjustment from 2023 during 2024, the adjustment may be included in your total reportable amount.
If you transferred from MOHELA to Aidvantage or EdFinancial and are no longer serviced by us:
Your current servicer has your combined 2024 tax information and will include any reportable amount from your time serviced by MOHELA.
Frequently Asked Questions
| I paid MORE than $600 of interest |
I paid LESS THAN $600 of interest |
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Are you signed up for eDelivery?
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Do you have a valid email on file?
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MOHELA sends borrowers Form 1098-E by January 31, reporting the prior year of student loan
interest paid.
We provide the amount of interest you paid on your student loan(s) during the prior year because you may be able to
deduct some or all of your interest paid from your income on your tax return. Deducting your paid interest could reduce
the amount you owe in federal income tax.
Each of your federal loan servicers will provide you with a Form 1098-E if you paid interest of $600 or more to that
individual servicer in a calendar year. Your servicer may send your Form 1098-E to you electronically or via U.S. Postal
Service.
If you paid less than $600 in interest to any of your federal loan servicers, you may contact each servicer to find out
the exact amount of interest you paid during the year.
The federal tax identification number for the U.S. Department of Education is 52-1198289. Please consult the Internal
Revenue Service at 1-800-829-1040 (Toll Free) or a tax advisor regarding how to use this information.
No, a physical copy of IRS Form 1098-E is not required to file your taxes. You only need the amount of interest paid and the tax identification number (EIN) to file your taxes. The actual IRS Form 1098-E is not required.
Log in to your MOHELA account. After logging in, select "More" from the menu, and then "Tax Statements". The tax statement can be downloaded from your account so you can print a copy.
To request a transcript of your tax return from the IRS, you may complete Form 4506, Request for Copy of Tax Return. Visit irs.gov/forms-instructions for more information. Please note that if you are applying for or recertifying an Income-Driven Repayment (IDR) plan, you may complete an application online through StudentAid.gov and electronically transfer your federal tax return information to your application.
For borrowers who transferred from our Legacy system to our new system, you may be able to obtain prior tax information by logging into mohela.com using your log in information for mohela.com. If you need help logging in, please follow the prompts to reset your password.