Submit a request

FAQ: Tax Forms (1098-E, 1099-MISC, & 1099-C) | Repaying Your Loan

If you are unable to find your answer within our Help Center, please reach out to your dedicated servicer for further support. 

  • For Earnest clients: Contact the Client Happiness team by using the "Get In Touch" button found at the bottom of this article.
  • For NaviRefi clients: Contact your servicer at 844-381-6621 Monday-Friday 5 am-5 pm PT.

Are Earnest Loans considered "Student Loans" for tax purposes?

Yes! The majority of Earnest loans are considered student loans for federal tax purposes. If you’re a current Earnest client, you may receive a tax document(s) if you paid interest on a qualified student loan refinance or private student loan, received at least $600 in bonuses/incentives, or have discharged debt from us. Depending on your financial situation, you may or may not be eligible for a tax deduction. We encourage you to consult your tax advisor for more information. Below, you can find the most commonly asked questions for the upcoming tax season. 

What are the 1098-E, 1099-MISC, and 1099-C forms?

Form 1098-E is a Student Loan Interest Statement required by the IRS to issue to clients who’ve paid eligible student loan interest during the calendar year. You may be able to deduct some or even all of that interest on your federal income tax return. We recommend consulting your tax advisor if you have questions. 

Form 1099-MISC is a tax form detailing the miscellaneous income you’ve received. You can expect to receive a 1099-MISC from Earnest if you’ve received $600 or more in 2023 from our student loan refinancing bonus or referral programs. 

Form 1099-C, or a "Cancellation of Debt," is a tax form detailing debt owed that has been canceled, forgiven, or discharged (i.e., bankruptcy) if you have had $600 or more in debt discharged. Please note that the IRS does not require us to provide this form when the primary borrower has had their loan discharged due to passing or being approved for Total Permanent Disability.

Will I receive a 1098-E tax form if I am a cosigner? 

If you are a cosigner on a loan or have made payments towards a loan not in your name, you will not receive a 1098-E from Earnest. The IRS requires that we send all student loan-related tax documents to the primary borrower, regardless of who made the payments towards the loans. If you would like to receive a copy of the tax documentation for your records, please reach out to the primary borrower, who should have a copy. You may also submit a request for your own copy by reaching out to your loan servicer. It’s important to note that the tax form sent will only be a copy of the primary borrower’s 1098-E tax form. We are not able to generate a tax form with your personal information, nor will it reflect any amount you may have paid toward the loan. We advise consulting your tax advisor regarding your eligibility to claim the interest you may have paid.

When will I receive my tax form(s)?

We will send your tax form(s) no later than January 31, 2024. We’ll be in touch via email as soon as your tax form(s) are available. All tax form(s) will be available via your online account regardless of the amount of student loan interest you paid. If you expect to receive your tax form(s) by mail, you’ll want to allow additional mail processing time (usually 7-10 days) from January 31, 2024.

Will I receive my tax forms electronically or by mail?  

You can verify your preferred delivery method by signing into your account, clicking Profile from the left-side navigation menu, and scrolling to Delivery Preferences, which will indicate if you will receive your tax document(s) electronically or by mail

For NaviRefi clients, 

  • if you’ve paid $600 or more in eligible student loan interest, we’ll send the tax form(s) according to your account delivery preferences.
  • if you've paid less than $600 in eligible student loan interest, we'll send your tax form(s) electronically.

Electronic delivery (paperless) - Once you receive notice that your tax form is available, you can access and download the form(s) from your online account.

  1. Sign in to your account
  2. Select “Documents” from the left-side navigation menu and choose “Tax
  3. Click the downward arrow to view and download your document(s)

By mail - We’ll mail your tax form(s) no later than January 31, 2024, to the address listed on your Earnest account. We recommend checking your address on file to ensure it’s correct. Any changes to your address must be received by January 8, 2024.

How can I change the method my tax form(s) are delivered?

Any changes to your delivery preferences must be received no later than January 8, 2024. To view or update your delivery preferences: 

  1. Sign in to your account 
  2. Select “Profile” from the left-side navigation menu
  3. Review and save any changes

Note: For NaviRefi clients, if you've paid less than $600 in eligible student loan interest, we'll send your tax form(s) electronically.

How can I verify my address if I’m receiving my tax form(s) by mail? 

Any changes to your address must be received no later than January 8, 2024. To view or update your address:

  1. Sign in to your account
  2. Select "Profile" from the left-side navigation menu
  3. Review and save any changes

Any further questions?

We’re here to help! 

  • For Earnest clients: Contact the Client Happiness team by using the "Get In Touch" button found at the bottom of this article.
  • For NaviRefi clients: Contact your servicer at 844-381-6621 Monday-Friday 5 am-5 pm PT
Was this article helpful?
0 out of 0 found this helpful
Have more questions? Submit a request