SoFi

This content may include information about products, features, and/or services that SoFi does not provide and is intended to be educational in nature.

Becoming a teacher requires a bachelor’s degree and passing certification exams. Depending on the type of school setting, location, and subject area, educators may also need to earn a graduate certificate or degree. Fortunately, many teacher scholarships are available to help make pursuing a career as an educator more affordable.

Below are 25 scholarships for aspiring teachers that could help cover the cost of undergraduate and graduate degree programs.

1. TEACH Grant

The U.S. Department of Education provides Teacher Education Assistance for College and Higher Education (TEACH) Grants of up to $4,000 per year for undergraduate and graduate students pursuing a career as a teacher. Applicants must be eligible for federal student aid programs, be enrolled at a participating school, and meet academic requirements.

Recipients must fulfill a service obligation to teach a high-need subject in a low-income area or where there’s a teacher shortage or have their TEACH Grants converted to a Direct Unsubsidized Loan.

Recommended: How College Financial Aid Works

2. STEM Teachers for America’s Future Graduate Scholarships

The AFCEA Educational Foundation offers scholarships of $2,500 to graduate students pursuing a degree or credential to teach science, technology, engineering, or math (STEM) subjects to grades K-12 in the U.S. Applicants must have a GPA of 3.5 or higher and a B.S. degree in a STEM field.

3. James Madison Graduate Fellowship

The James Madison Memorial Fellowship Foundation provides awards of up to $12,000 per year for college seniors and college graduates who intend to become secondary school teachers of U.S. history, government, or civics. Recipients are expected to complete graduate programs within two academic years and teach for a duration equivalent to the fellowship funding received.

Recommended: 10 Most Common Types of Scholarships

4. Glenn Moon Scholarship

The Association of Retired Teachers of Connecticut offers the Glenn Moon Scholarship, consisting of multiple $2,000 scholarships per year for students pursuing a teaching degree. Applicants must be residents of Connecticut to be eligible.

5. SoFi Scholarship Giveaway

In addition to teacher scholarships, registering for SoFi’s $2,500 scholarship sweepstakes is another opportunity to get free money for college. Scholarships are awarded on a monthly basis, and registration takes just a few simple steps.

6. Barbara Lotze Scholarship for Future Physics Teachers

The American Association of Physics Teachers awards approximately five scholarships of up to $3,000 to U.S. citizens pursuing a degree leading toward a career as a high school physics teacher. High school seniors and current college students are eligible to apply for funding for each year of their degree program.

7. Nancy Larson Foundation College Scholarship

The Nancy Larson Foundation awards five $1,500 scholarships to students preparing to become elementary school teachers. Juniors, seniors, and graduate students who have declared an elementary education major are eligible to apply for the Nancy Larson Foundation College Scholarship.

8. TeachDFW Scholarship

The TeachDFW Scholarship awards up to $1,000 to any future educator applying to a teaching program. The scholarship aims to address the teacher shortage and improve the quality of education in local Dallas-Fort Worth schools by empowering aspiring teachers.

9. South Carolina Teaching Fellows Program

The SC Teaching Fellows Program provides professional development opportunities and funding for up to 200 high school seniors who have demonstrated community service experience, high academic achievement, and a desire to become teachers in South Carolina. Fellows can receive $6,000 a year for four years, while earning a degree that leads to initial teacher certification.

Recommended: Explaining Student Loan Forgiveness for Teachers

10. National FFA Alumni and Supporters Agricultural Education Scholarship

The National Future Farmers of America (FFA) Organization offers a variety of $1,000-$10,000 scholarships to students under the age of 23. Applicants must be high school senior FFA members who are actively attending classes full-time.

11. Joseph T. Weingold Scholarship

The Arc New York Joseph T. Weingold Scholarship awards four New York Arc Chapter employees $3,000 scholarships per year for those enrolled in a New York State degree program that leads to a special education certification.

12. International Teacher Education Scholarship

The Alpha Delta Kappa Foundation grants up to seven awards of $10,000 annually to women from outside the U.S. pursuing a graduate degree in a field of education in the U.S. To be eligible, applicants must have a bachelor’s degree and reside outside the U.S., maintaining that residency from the time of application to the awarding of the scholarship.

Recommended: 10 Popular Scholarships for Women

13. Next Generation Hoosier Educators Scholarship

The Next Generation Hoosier Educators Scholarship provides awards of up to $10,000 each year for Indiana residents pursuing a career in education. Recipients may renew the scholarship for four academic years. Additionally, recipients must agree to teach for five years at an eligible school in Indiana or repay the prorated amount of the scholarship award.

14. High School Senior Scholarship for Future Teachers

The Georgia Association of Educators provides multiple awards of $1,000 for high school seniors in Georgia who will attend an accredited college or university and plan to major in education. Applicants must submit two letters of recommendation and complete a 1000-word essay on “Why have you chosen to pursue a degree in education, and what do you hope to accomplish in this profession?”

15. College Junior/Senior Scholarship for Future Teachers

The Georgia Association of Educators provides awards of $1,000 for rising college juniors and seniors enrolled in an accredited education program at a Georgia college or university. Applicants must submit two letters of recommendation and complete a 1000-word essay on “Why have you chosen to pursue a degree in education, and what do you hope to accomplish in this profession?”

16. Underwood-Smith Teaching Scholars Program

The Underwood-Smith Teaching Scholars Program provides 25 awards of $10,000 per year to students enrolled at a West Virginia college or university and pursuing a degree in math, science, elementary education, or special education. Recipients may receive funding for up to four years and are required to teach in a West Virginia public school for at least five years after graduation.

17. Martin Luther King, Jr. Memorial Scholarship Program

The California Teachers Association (CTA) provides multiple teacher scholarships of up to $6,000 for California residents pursuing a degree, credential, or certification for a teaching-related career in public education. Applicants must be a member of a defined BIPOC group and either an active member of CTA or CTA Aspiring Educators or a dependent child of a CTA member.

18. Dakota Corps Scholarship

The Dakota Corps Scholarship provides full-tuition scholarships to South Dakota students who commit to working in critical-need fields within the state, such as teaching, nursing, or engineering, after graduation. It’s awarded based on academic performance and a willingness to serve in high-demand professions in South Dakota’s rural or underserved areas.

19. Al Mance Memorial Scholarship

The Tennessee Education Association provides an Al Mance Memorial Scholarship (in addition to other scholarships) of $1,000 to a male undergraduate or graduate, ethnic minority student who is enrolled in an education degree program at a Tennessee college or university and is preparing to become a teacher.

20. Winifred R. Reynolds Educational Scholarship

The Denver Foundation provides awards for Colorado residents enrolled or planning to enroll in a master’s- or doctoral-level program in early childhood education, child development, or educational psychology, or an equivalent field. Applicants must demonstrate financial need and a cumulative GPA of 3.25 or higher.

Recommended: How Much Does GPA Matter When Applying to College?

21. Clara Onishi Educator Scholarship

The Clara Onishi Educator Scholarship, part of the Odo Scholarship Foundation, awards one scholarship of $1,250 each year for students enrolled in an accredited teacher education program. Recipients must be a Hawaiian resident and show intent to teach in Hawaii.

22. Teachers of Illinois (MTI) Scholarship Program

The Illinois Student Assistance Commission provides scholarships that may be used to pay up to the total cost of attendance for four years for students who are enrolled in an Illinois undergraduate or graduate program that qualifies recipients to be licensed teachers upon completion. Recipients must be in-state residents and committed to teaching in Illinois after graduation.

23. Victoria Soto Memorial Scholarship

This four-year renewable scholarship of up to $12,000 is awarded by the Vicki Soto Memorial Fund to four recipients per year: two graduates from high Schools in Stratford, one Connecticut recipient, and one national recipient. Applicants must be pursuing a college degree in education at an accredited school.

24. Teacher Education Scholarship

The Oregon PTA Teacher Education Scholarship offers scholarships of $1,000 for in-state residents studying at an Oregon public college or university to become elementary or secondary school teachers. The scholarship is a one-time award and available to graduating high school seniors or current college students.

25. First-Year Teacher Scholarships

The Texas Retired Teachers Foundation First-Year Teacher Scholarship provides numerous awards of $1,000 to recent college graduates entering their first year of teaching in Texas. Funds may be used to reimburse applicants for the costs of classroom materials.

Recommended: How Much Does a Teacher Make a Year?

The Takeaway

Applying for multiple teacher scholarships can be a useful strategy to help pay for the cost of college, graduate school, and becoming an educator. The application processes can vary, so it may be helpful to explore and research scholarships that best fit your personal situation and educational and career goals.

It’s not uncommon for students to use multiple funding sources, including grants, scholarships, federal student loans, and private student loans, to help cover the cost of college.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.

FAQ

What types of scholarships are available for aspiring teachers?

Scholarships for aspiring teachers include merit-based awards, financial-need scholarships, and those focused on specific teaching areas such as science, technology, engineering, and math (STEM), special education, or early childhood education. Some scholarships are also offered for teachers pursuing advanced degrees or certifications in specific subjects.

How do I apply for a scholarship for teachers?

To apply for a teaching scholarship, you typically need to complete an online application, submit transcripts, write an essay, and provide letters of recommendation. Some scholarships may also require proof of enrollment in a teaching program or a commitment to work in underserved schools.

Are there scholarships for current teachers pursuing professional development?

Yes, many scholarships are available for current teachers looking to further their education, pursue advanced degrees, or earn additional certifications. These scholarships often focus on supporting teachers who want to specialize in areas such as leadership, technology, or special education to enhance their professional skills.

---

Photo credit: iStock/Choreograph

SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Not all repayment options may be available for all loans. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is current as of 3/2/2026 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891. (www.nmlsconsumeraccess.org).

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.
Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

SOISL-Q226-004

Read more

Asian American scholarships can offer valuable financial assistance for students who identify as Asian American or Pacific Islander (AAPI), with award amounts often ranging from $1,000 to $20,000. Sponsored by nonprofits, corporations, foundations, and colleges, these scholarships may recognize academic achievement, leadership, community involvement, or financial need.

Below, we highlight some of the top scholarships for Asian students, along with typical eligibility requirements and practical tips for finding additional opportunities.

What Are Asian American Scholarships?

Asian American scholarships are designed to increase access to higher education for students of AAPI descent. Some scholarships are open to the broader AAPI community, while others are intended for students from specific ethnic backgrounds — such as Korean, Indian, or Taiwanese heritage — or those pursuing particular fields of study, such as medicine, law, journalism, or the arts.

These scholarships help address a range of financial and educational challenges faced within the AAPI community by expanding access to higher education and supporting student success. In many cases, they can help reduce financial barriers, encourage academic achievement, and improve graduation rates for underrepresented groups.

💡 Quick Tip: Fund your education with a competitive-rate, no-fees-required SoFi private student loan that covers up to 100% of school-certified costs.

Who Qualifies for Asian American Scholarships?

To qualify for Asian American scholarships, applicants generally must identify as having Asian or Pacific Islander heritage. Other common requirements include:

•   Citizenship: Applicants typically must be U.S. citizens, nationals, or legal permanent residents. This may include citizens of the Republic of the Marshall Islands, Micronesia, and Palau.

•   Education level: Opportunities exist for high school seniors, undergraduate students (at both two- and four-year institutions), and graduate students.

•   Academic performance: Minimum GPA requirements may apply depending on whether the scholarship is merit- or need-based.

•   Accreditation: Applicants must typically be enrolled in, or planning to attend, an accredited U.S. college or university.

How to Find Asian American Scholarships Online

You can begin your search simply using your laptop or smartphone. Here are some simple ways to find Asian American scholarships online:

•   Use reputable search engines: Platforms like SoFi’s scholarship search tool or the College Board’s BigFuture Scholarship Search allow you to filter results by typing “Asian American” or specific ethnicities into the search bar to find targeted opportunities.

•   Visit major advocacy organizations: Explore the websites of leading groups such as Asian and Pacific Islander American (APIA) Scholars and the Asian American Journalists Association (AAJA), which offer substantial annual grants.

•   Explore niche databases: Look for resources tailored to your specific heritage (such as the Korean American Scholarship Foundation) or your field of study to find less competitive, more specialized awards.

•   Tap college resource centers: Many universities have a dedicated Asian American center that maintains curated lists of scholarships, internships, and fellowships specifically for AAPI students. Centers like those at University of North Carolina and University of Illinois provide direct links to both institutional and national financial aid opportunities.

Scholarships for Asian American Students

Here are some of the top Asian American scholarships available, categorized by sponsoring organization:

Asian and Pacific Islander American Scholars

Asian and Pacific Islander American (APIA) Scholars offers a range of college scholarships to Asian Americans, with a focus on first-generation students and those experiencing significant financial need. Applicants must be U.S. citizens, nationals, or legal permanent residents (or from specific Pacific Island jurisdictions) who identify as Asian and/or Pacific Islander. Awards range from $2,500 one-year awards to $20,000 multi-year awards.

Asian American Journalists Association

The Asian American Journalists Association (AAJA) provides a wide range of scholarships and grants for college students, recent graduates, and master’s degree students each year. Eligibility, criteria, the scholarship amount, and deadlines vary depending on the scholarship.

Asian Pacific Fund

The Asian Pacific Fund partners with donors to offer four scholarship programs specifically for undergraduate and graduate Asian American students. Each program is tailored to reflect the donor’s personal interests, whether that’s a specific ethnicity, career path, or background. Scholarship details, deadlines, and prize amounts vary each year.

Chinese American Medical Society

The Chinese American Medical Society Scholarship is an annual award for Chinese American students pursuing medical or dental degrees in the U.S. It provides financial support to students demonstrating academic excellence and financial need, typically awarding $2,000 to $5,000 to up to five recipients. Students must be in good standing at an accredited U.S. medical or dental school in the USA at the time of application.

Don H. Liu Scholars Program

The Don H. Liu Scholars Program provides Asian American first-year law students with a $5,000 annual scholarship, totaling $15,000 over three years. To qualify, applicants must be U.S. citizens or permanent residents of Asian heritage enrolled full-time in a J.D. program at an accredited law school. Candidates must also demonstrate financial need, academic excellence, and leadership potential, with a clear intention to practice in the private sector following graduation.

Japanese American Citizen League

The Japanese American Citizen League (JACL) offers more than 30 scholarships to students at various educational levels and in specialized fields. Opportunities are available for incoming freshmen, currently enrolled college students, and those pursuing graduate or professional degrees, as well as students with demonstrated financial need. To apply, students must be active national JACL members holding either an individual or a student/youth membership. Award amounts and deadlines vary by scholarship.

The Kimbo Foundation

The Kimbo Foundation offers a $2,000 annual scholarship to recognize high school graduates and college students of Korean descent who show exceptional academic achievement and leadership potential for the Korean community. The organization also takes into account an applicant’s financial need. Non-Korean students who have contributed to the Korean community and show academic achievement may also apply.

Korean American Scholarship Foundation

The Korean American Scholarship Foundation offers awards to qualified Korean American students (as well as foreign students from Korea) who are enrolled in a full time program in the U.S. Descendants of American veterans who served during the Korean War may also qualify for scholarships. The awards range from $500 to $5,000.

Taiwanese American Scholarship Fund

The Taiwanese American Scholarship Fund helps economically challenged Taiwanese American students fulfill their dreams of obtaining higher education. The scholarship is open to high school students planning to attend a college or university in the U.S. and first-year college students who plan to continue their education. This $7,500 scholarship is awarded to 10 recipients each year.

United States Pan Asian American Chamber of Commerce

The United States Pan Asian American Chamber of Commerce (USPAACC) offers scholarships to American high school seniors of Asian or Pacific Island heritage who demonstrate academic achievement, leadership, involvement in community service, and financial need. Each year, 15 to 20 students receive $3,000 to $5,000 for post-secondary education. The scholarship is supported by major corporations and small and medium Asian American businesses.

Upakar Foundation

Each year, the Upakar Foundation offers Indian American students scholarships based on academic excellence and financial need, worth $7,000 to $10,000. To qualify, applicants must be born in India or have one parent who was; be a U.S. citizen or permanent resident; and be enrolled in an accredited university or community college. Applicants’ families must also meet certain income requirements.

Types of Scholarships Available for Asian Americans

Scholarships are generally categorized as need-based, merit-based, or a combination of both:

Need-Based Scholarships

These are awarded based on financial necessity to help students who cannot afford college. They are funded by governments, universities, corporations, and foundations. The application focuses primarily on financial data, such as family income.

Merit-Based Scholarships

Merit-based scholarships generally recognize excellence in academics, athletics, the arts, or other special interests. While some consider financial need, the primary focus is on achievement. Applicants typically provide academic records, essays, resumes, letters of recommendation, or undergo interviews.

5 Tips for Applying for Scholarships

Before you begin the process of applying for Asian scholarships, here are five key tips to boost your chances of success:

•   Start early: Give yourself a generous head start to gather documents and polish your essays. Starting well before the deadline allows for multiple rounds of revisions, which can help ensure your unique voice really comes through.

•   Track deadlines: Keep a detailed master list of deadlines and aim to submit before the date, if possible. Some committees review applications as they arrive; being one of the first in line can help make a strong impression and potentially improve your odds.

•   Sweat the details: Be sure to go through the eligibility and formatting instructions with a fine-toothed comb. Missing even one small requirement can disqualify your application — don’t let a simple oversight undo your hard work.

•   Cast a wide net: While the “big” awards may seem the most enticing, it’s wise to apply for as many scholarships as possible, including smaller local grants. These often have less competition and can add up to cover significant costs.

•   Stay persistent: Rejection is often a part of the process, but don’t let it stall your momentum. Scholarship hunting is a numbers game; stay resilient and keep applying until you cross the finish line.

Other Ways to Pay for College

While Asian American-specific scholarships are a great start, you’ll likely need to draw funds from multiple sources to pay for college. Here are some other funding options to explore:

Scholarships and Grants

Beyond identity-based awards, you may qualify for other types of merit- or need-based aid. Merit scholarships are often tied to your GPA, test scores, or specific talents like music and athletics, while grants for college are typically based on financial need.

Your first step should be completing the Free Application for Federal Student Aid (FAFSA®) to unlock federal, state, and school-specific aid. You might also explore smaller external scholarships based on your intended major (such as STEM or nursing) or local awards from community organizations, which often have less competition than national programs.

💡 Quick Tip: Even if you don’t think you qualify for financial aid, you should fill out the FAFSA form. Many schools require it for merit-based scholarships, too.

Federal Student Loans

If “free money” and savings aren’t enough to cover your costs, federal student loans are usually the next best step. These are funded by the government and generally offer lower interest rates and more flexible repayment options than private alternatives. Options like subsidized loans (where the government pays the interest while you’re in school) and unsubsidized loans are available regardless of credit history. They also provide unique protections, such as income-driven repayment and potential loan forgiveness programs.

Private Student Loans

If you still have a funding gap after tapping federal loans, you might explore private student loans. Provided by banks, credit unions, or online lenders, these loans are credit-based, meaning you will likely need a cosigner to qualify for a competitive rate. Unlike federal loans, private loans may have variable rates and usually have fewer options for deferment or forbearance. However, they can be useful for covering remaining expenses once all other aid has been exhausted.

The Takeaway

Finding Asian American scholarships can be an important step in financing college for students of AAPI descent. These awards — often based on merit, financial need, or leadership — can provide thousands of dollars in essential funding. To maximize your success, start early, stay persistent, and use online search tools and advocacy groups to cast a wide net. Beyond these specialized awards, you can round out your funding plan with personal savings, federal and private grants, and student loans

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.

FAQ

Are there scholarships for specific Asian ethnic groups?

Yes, many Asian American scholarships are designated for students from specific ethnic backgrounds. While some major organizations cater to the broader Asian American and Pacific Islander (AAPI) community, many foundations and groups focus their awards on students of Chinese, Korean, Indian, Japanese, or Taiwanese heritage, among others. These specialized scholarships often have less competition and are great to explore after checking out the larger AAPI-wide awards.

Do I need to be a U.S. citizen for Asian American scholarships?

You typically must be a U.S. citizen, national, or legal permanent resident to qualify for most Asian American scholarships. This often extends to citizens of certain Pacific Island jurisdictions like the Marshall Islands, Micronesia, and Palau. However, requirements vary by program. Some specific organizations may offer awards to foreign students from Asian countries, so always check the specific eligibility rules for each scholarship before applying.

Can I apply for multiple Asian American scholarships?

Yes, you can apply for multiple Asian American scholarships, and it is highly recommended. Applying for numerous awards, including those from large organizations and smaller, more niche groups, is key to maximizing your financial aid. Since scholarships are rarely exclusive — meaning receiving one award doesn’t typically disqualify you from others — you can accumulate funding from various sources. Just be sure to manage your application deadlines carefully.

What GPA do you need for Asian American scholarships?

The minimum GPA required for Asian American scholarships varies widely, as awards are offered on both merit-based and need-based criteria. Merit-based scholarships typically require a strong academic record, often asking for a GPA of 3.0 or higher, with the most competitive awards seeking 3.5 to 4.0. Need-based scholarships may focus less on GPA, instead prioritizing financial necessity. Always check the specific eligibility rules for each scholarship, as some niche awards might have lower or no GPA requirements.

Where can I find Asian American scholarships online?

You can find Asian American scholarships by using reputable search engines that filter by ethnicity, such as SoFi’s scholarship tool or BigFuture. It’s also helpful to check the websites of major advocacy groups like APIA Scholars and the Asian American Journalists Association (AAJA).

Don’t forget to look for niche organizations specific to your heritage or field of study, and check university Asian resource centers, which often maintain curated lists of AAPI-specific financial aid opportunities.

---

Photo credit: iStock/IDrazen_

SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

SoFi Bank, N.A. and its lending products are not endorsed by or directly affiliated with any college or university unless otherwise disclosed.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

SOISL-Q226-020

Read more

If you’re a borrower who paid interest on a qualified student loan, it’s possible to deduct some or all of that interest on your federal income tax return with a special student loan tax document.

You’ll need a student loan tax form known as IRS Form 1098-E. You can use this form to report how much you paid in student loan interest on your tax return. One copy of the form will go to the IRS when you file your taxes, and you’ll keep the other.

To learn how to get your student loan interest tax form, when to deduct student loan interest, and how to file a student loan tax form, keep reading.

What Is a Student Loan Tax Form?

A student loan tax form is a document that qualifying borrowers can use to deduct student loan interest from their taxes. Called IRS Form 1098-E, this student loan tax document is sent out by your loan servicer or your lender.

Who Receives Form 1098-E?

Borrowers who paid at least $600 in student loan interest during the tax year will receive Form 1098-E from their loan servicers, who are required to send the form so they can complete their taxes. Typically, loan servicers get the forms out by the end of January, since the interest forms for student loans and tax season coincide.

If you have more than one loan servicer, you’ll receive a 1098-E form from each one.

Why Student Loan Tax Forms Matter

The student loan interest tax form is designed to give borrowers the opportunity to deduct from their federal income taxes some of the interest that they paid for the year on their student loan. It is one of the student tax deductions borrowers may be able to claim.

If you paid at least $600 in interest on a qualified student loan (meaning a loan taken out to cover higher education expenses such as tuition, fees, books, and supplies), the lender you paid that interest to should send you a 1098-E. This includes federal loans, private loans, and refinanced student loans. You may be able to deduct up to $2,500 of student loan interest from your taxes, if you qualify.

Recommended: Do Student Loans Count as Income?

Uses of a Student Loan Tax Form

The student loan tax form is used to calculate your student loan interest deduction on your tax return.

As noted above, as long as you meet certain conditions, you may be eligible to deduct up to $2,500 in student loan interest from your taxable income:

•  You paid interest on a qualified student loan for yourself, your spouse, or your dependents in the previous tax year. This includes Parent PLUS refinanced loans.

•  Your filing status is anything except married filing separately.

•  Your income is below the annual limit (see the income specifics below).

•  You are legally obligated to pay the interest, not someone else.

•  If you’re filing a joint return, neither you nor your spouse is being claimed as a dependent on another person’s tax return.

How to Obtain Your Student Loan Tax Document

To obtain your student loan interest tax form and ensure you aren’t missing any tax documents, there are a few steps you can take:

1.   Go directly to your loan servicer’s website, where a downloadable 1098-E form will likely be available.

2.   Call your loan servicer if you can’t access the form online.

3.   If you don’t know who your loan servicer is, log in to your account on StudentAid.gov, go to your dashboard, and then scroll down to the “My Loan Servicers” section.

If you have private student loans, or you’ve refinanced your student loans, contact your lender directly.

How to Fill Out a Student Loan Tax Form (Form 1098-E)

When it comes to filling out a student loan tax form, the IRS provides detailed instructions for the current tax season to help financial, educational, and governmental institutions and borrowers cover all their bases.

According to the IRS, if a loan servicer receives student loan interest of $600 or more from an individual during the year in the course of their trade or business, they must:

•  File a 1098-E form and;

•  Provide a statement or acceptable substitute, on paper or electronically, to the borrower

There are two boxes on the 1098-E form:

•  Box 1 is the amount of student loan interest received by the lender. It’s important to note, this figure represents interest paid, not loan payments made.

•  Box 2, if checked, denotes the fact that the amount in Box 1 does not include loan origination fees and/or capitalized interest for loans made before September 1, 2004.

Once you, as the student loan borrower, receive the 1098-E form from the loan servicer or lender, it’s up to you to include it when you file your taxes.

How and When to Deduct Student Loan Interest

Student loan interest deduction is a type of federal income tax deduction for student loan borrowers that lets them deduct up to $2,500 of the interest paid on qualified student loans from their taxable income. It’s one of the tax breaks available to students and their parents to help them pay for college.

To know when to deduct student loan interest, it’s important to understand if you meet the necessary qualifications:

Your student loan was taken out for the taxpayer (you), your spouse, or your dependent(s).

•  Your student loan was taken out when you were enrolled at least half-time in an academic program that led to a degree, certificate, or recognized credential.

•  Your student loan was used for qualifying education expenses such as tuition, textbooks, supplies, fees, or equipment (not including room and board, insurance, or transportation).

•  Your student loan was used within a “reasonable period of time,” and its proceeds were disbursed 90 days before the beginning of the academic period in which they were used or 90 days after it ended.

•  The college or school where you were enrolled is considered an eligible institution that participates in student aid programs.

Income Limits for the Student Loan Interest Deduction

Eligibility for the student loan interest deduction is determined based on a borrower’s modified adjusted gross income (MAGI). At a certain higher income bracket, the deduction is reduced or eliminated.

•  For taxpayers filing as single: The deduction for tax year 2026 is reduced when a borrower’s MAGI is more than $85,000, and the deduction is eliminated at $100,000.

•  For taxpayers filing jointly: The tax year 2026 deduction is reduced when MAGI is more than $175,000, and the deduction is eliminated at $205,000.

Recommended: Are Student Loan Interest Rates Monthly or Yearly?

Do International Students Have a Different Tax Form?

For international students, it’s possible to deduct student loan interest from a foreign country, as long as their student loan is qualified (meeting the requirements listed above) and they’re legally obligated to make student loan payments on that loan.

There’s no need for international students to acquire a special international student tax form, however. The year-end financial statement from their loan servicer is typically sufficient enough proof for them to claim the student loan interest.

How to Claim the Student Loan Interest Deduction

To claim the student loan interest deduction you’ll need Form 1098-E that shows you paid at least $600 in interest on a qualified student loan for the tax year in question. If you have more than one loan servicer, you should get multiple 1098-E forms.

If your MAGI is in the range where student interest deduction is reduced, as noted above (more than $85,000 for single filers and $175,000 for joint filers), you can generally follow the instructions on the student loan interest deduction worksheet in Schedule 1 of Form 1040 to figure out the amount of your deduction when filing your federal income taxes. Then, you can enter the calculated interest amount on Schedule 1 of the 1040 under “Adjustments to Income.”

Keep in mind that the student loan interest deduction reduces your taxable income for the year — it’s not a credit that reduces dollar-for-dollar the amount of taxes you owe. This is a major difference between a tax credit vs tax deduction.

Common Mistakes to Avoid When Filing Student Loan Tax Forms

It’s important to be accurate when filing student loan tax documents. Some common mistakes to watch out for include:

•  Failing to claim the deduction. Don’t overlook Form 1098-E. This can happen during the busy tax season when there is a lot of paperwork to keep track of. Keep an eye out for the form in the mail, or log onto your loan servicer’s website to download it before the tax filing deadline.

•  Incorrect interest amount on Form 1098-E. Review your 1098-E form carefully to make sure all the information on it is correct. Double-check the interest amount listed on the form with your records of the loan payments, including interest, you’ve made.

•  Claiming an incorrect amount for the deduction. The amount of student loan interest tax deduction you can claim depends on your MAGI and tax filing status. As noted, you’re eligible for a reduced deduction if your MAGI is more than $85,000 as a single filer and $175,000 as a joint filer. Follow the instructions on Schedule 1 of Form 1040 to figure how much of a deduction you can claim, or consult a tax professional.

•  Filing when ineligible for the deduction. As discussed, not all borrowers are eligible for the student loan interest deduction. Your student loans must be qualified and your MAGI must be below the cut-off levels to qualify for a full or reduced deduction. Those whose MAGI is $100,000 or more as single filers or $205,000 or more as joint filers are ineligible for the deduction.

The Takeaway

If you paid interest on a qualified student loan for yourself or a dependent, you can likely deduct at least some of that interest on this year’s tax return. This applies to federal, private, and refinanced student loans. Once you’ve determined when and whether you’re able to deduct student loan interest and how to file a student loan interest tax form, watch for your loan servicer to send you a copy of your 1098-E or visit your loan servicer’s or lender’s website to download the form.

Looking to lower your monthly student loan payment? Refinancing may be one way to do it — by extending your loan term, getting a lower interest rate than what you currently have, or both. (Please note that refinancing federal loans makes them ineligible for federal forgiveness and protections. Also, lengthening your loan term may mean paying more in interest over the life of the loan.) SoFi student loan refinancing offers flexible terms that fit your budget.

With SoFi, refinancing is fast, easy, and all online. We offer competitive fixed and variable rates.

FAQ

What is Form 1098-E and how do I use it?

Form 1098-E is a tax form for student loans sent out by your loan servicer or lender. The form is sent to borrowers who paid at least $600 in interest on their student loans for the year. If you have more than one loan servicer or lender, you’ll receive a 1098-E from each one. You can then use the form to help calculate your student loan interest tax deduction on your federal tax return.

Can I deduct student loan interest if I’m still in school?

If you’re making student loan payments while you’re in school — even if you’re making interest-only payments — you may be able to claim the student loan interest deduction as long as you paid $600 or more in interest for the year.

How do I know if I qualify for a student loan tax deduction?

You should qualify for a student loan tax deduction if you: have a qualified student loan, paid at least $600 in interest during the tax year, are legally obligated to pay interest on a qualified student loan, cannot be claimed as a dependent on someone else’s return, have a tax filing status that is anything except married filing separately, and your MAGI is under the annual cut-off amount.

Do private student loans qualify for tax deductions?

Qualified student loans, including private student loans, are eligible for the student loan interest deduction as long as you paid at least $600 in interest on your loans for the year in question.

What should I do if I didn’t receive my student loan tax form?

If you didn’t receive your student loan tax form, go to your loan servicer’s or lender’s website where you should be able to download a copy of the form. If you can’t find it there or you have questions, call your loan servicer for assistance.

---

Photo credit: iStock/FG Trade

SoFi Student Loan Refinance
Terms and conditions apply. SoFi Refinance Student Loans are private loans. When you refinance federal loans with a SoFi loan, YOU FORFEIT YOUR ELIGIBILITY FOR ALL FEDERAL LOAN BENEFITS, including all flexible federal repayment and forgiveness options that are or may become available to federal student loan borrowers including, but not limited to: Public Service Loan Forgiveness (PSLF), Income-Based Repayment, Income-Contingent Repayment, extended repayment plans, PAYE or SAVE. Lowest rates reserved for the most creditworthy borrowers. Learn more at SoFi.com/eligibility. SoFi Refinance Student Loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.
Third Party Trademarks: Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®

SOSLR-Q226-016

Read more