You're eligible to claim the deduction if all of the following points apply:
- You paid interest on a qualified student loan in tax year 2025;
- You're a full time student and a degree candidate (if you have already graduated during 2024, you cannot claim the student loan interest) ;
- Your filing status isn't 'Married filing separately';
- Your student loan is from a US bank;
- Your MAGI is less than a specified amount which is set annually;
Important: Please keep in mind that if you do NOT meet even one of those conditions, you will not be eligible to claim the student loan interest deduction.