The 1098-E form provides the amount of interest paid during the calendar year on loans with the University of Southern California, which may qualify for the interest deduction. The 60-month repayment period has been taken into consideration, and periods of deferement and/or forbearance have been excluded if applicable.
You may be able to deduct up to $2000 in interest paid during the first 60 months of your repayment period. As of 2002, the 60 months limit has been waived. You will receive a 1098-E the following year for interest paid during the previous calendar year (ending 12/31). See IRS Publication 970 for more information. If you need assistance in determining your eligibility, please consult a qualified tax professional. USC employees are not qualified to assist you with income tax issues.
USC has contracted with our billing service to provide reporting services for loan interest via the 1098-E form. These 1098-E tax forms are available to view and print on-line at heartland.ecsi.net. For questions or more information, please see ECSI's online documentation.
If you have any questions on your 1098-E, please send email, or call (213) 740-4077.