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Are student loans that are refinanced through Earnest considered “student loans” for tax purposes?

Earnest loans are considered student loans for federal and state tax consideration. Note that you may or may not be eligible for interest deduction depending on your individual tax situation. You should consult your tax advisor for more information.

Earnest will have a 1098-E tax form available for download in your account (to view them, you'll log in, then go the the "My Loans" tab>"Loan Details" button>"Inbox" tab from the menu on the left) at the beginning of the each year. The form will include the full amount you've paid in interest toward your student loan. We'll make the form available regardless of the total interest paid, so even if you've paid less than $600 this year, you'll have the total for your records.


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