1098 - Tax Reporting for my loan

Scratch, our loan servicer, issues 1098 forms to all Funding U borrowers, regardless of what amount of interest you paid last year.  1098 forms typically arrive in the mail late January / early February. www.scratch.fi

NOTE: Per IRS requirements, Lenders/Servicers are only required to send you a 1098 if your total interest paid exceeds $600 in a calendar year.  If you have other private lenders they may not issue a 1098 but you can still deduct all student interest paid on your personal taxes.  Please consult a tax professional for more information.

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