No, the student may not claim the student loan interest deduction in any taxable year in which he or she is claimed as a dependent on another taxpayer’s return [§221(c)].  However, if the student continues to pay interest on a student loan and meets the other eligibility requirements, the student may claim the student loan interest deduction for payments made in a later year when the student is no longer a dependent on his or her parent’s Federal income tax return (Notice 97-60, Sec. 5, Q&A 10).