Section 80 E

1. According to sec 80E interest paid by the assessee for the loan taken for higher education for him or for his relative will be allowed as a deduction for 8 AY from the year in which the interest is paid by the assessee. 
2. Whatever the amount paid as interest will only be allowed as deductions for 8AY from the year in which the loan was taken. 
3. If you have paid the entire amount in one year, then interest to that extent will be allowed as deductions u/s 80E. 
4. However, payment should have been out of income chargeable to tax. It should have been within 8 AY from the date of obtaining a loan. 
5. In your case sec 80E can be claimed as deduction provided all the above conditions are satisfied. 
Please correct me if the above solution has an alternative view.