1098-E Tax Information

Borrowers paying interest on their loans will receive a Form 1098-E stating the amount of interest paid for the year.

A borrower may deduct the interest-portion of any loan payments made. Income and maximum deduction limitations apply. It is the borrowers responsibility to determine how much of the interest is eligible for the deduction. Our customer service representatives are unable to provide calculations. You can get additional information by visiting the IRS or by contacting your tax advisor.

The 1098-E is included on the reverse side of your Billing Statement - IF you receive a billing statement for January of this year. Please login to view or download your January billing statement.

Loan Repayment

You take your education seriously. It’s important to take your loan obligation seriously, too. Although student loans can often be confusing and difficult to understand, it’s crucial that you pay back your loan in a timely manner. At IDAPP, we’re here to make repayment as easy as possible.

Record Keeping

Keeping track of your loan is essential. Over the years, you’ll receive a number of documents for your records. Plus, a number of different companies may service your loan throughout its lifetime. The better records you keep, the easier it will be for you to make sure your loan and credit history remains in good status.

Contacts

Need more information on repaying your student loan? Have you changed your address? Has your school status changed? IDAPP can help with all of this and more. Simply call 800-366-5755 or email us.