Where can I locate how much interest I paid on my Wells Fargo student loan(s)?

How is the 1098-E amount calculated?

Student loan interest is interest and eligible fees you paid during the year on a qualified student loan. It includes both required and voluntary interest payments. The 1098-E amount provided to you is a reflection of the amount of interest that has been paid during the year on qualified student loans.

For more information, see IRS Pub. 970, and the Student Loan Interest Deduction Worksheet in your Form 1040 instructions. Always consult your tax advisor for individual tax guidance.

Will Wells Fargo mail my Form 1098-E for my student loan(s)?

Yes, if you qualify. You will receive an official Form 1098-E in the mail from Wells Fargo if you have paid at least $100.00 in eligible interest and fees to Wells Fargo within the tax year. Please note that while the IRS only requires 1098-E forms be provided if you have paid at least $600 in eligible interest, Wells Fargo generates 1098-E forms for customers who have paid at least $100 in eligible interest due to customer demand. Read more