Deduction of interest on educational loan

Only interest paid on an educational loan is allowed as deduction u/s. 80E of The Income Tax Act, 1961, out of his/her income chargeable to tax i.e. Deduction will be allowed only when actual interest is paid.

hence it will be allowed to person has taken the loan i.e. to son 

since the loan is in your name, only you can claim the deduction

thnx for your replies Aditya & Pooja.

But i am confused because the loan is guaranteed by the father, so will it make any difference.