- Generally, educational and financial institutions and governmental units receiving student loan interest payments of $600 or more during a calendar year are required to issue a form 1098-E, Student Loan Interest Statement, by February 1 of the following year.
Baylor contracts with a third party, University Accounting Service, to service its Federal Perkins, Federal Nursing, and Baylor Institutional Loans, and to prepare 1098-E forms related to these loans.
- 1098-E forms related to your other loans will not come from Baylor, but from the institution or governmental unit receiving your payments which include student loan interest.
- If we have a current email address on file, you will receive an annual email notification with information about how to access your 1098-E online. For online access to your 1098-E from Baylor University, click here. Paper copies will be mailed each year by February 1.
For complete information on the STUDENT LOAN INTEREST DEDUCTION, see Chapter 4 of Pub. 970 – Tax Benefits for Education.
The above information is not provided as legal or tax advice. Individuals should consult with a qualified tax professional, and/or contact the IRS Taxpayer Assistance line at 1-800-829-1040 with regards to any credit or deduction claimed on a personal tax return.