Paola is a freshman in the UC-Davis degree program in veterinary medicine.In 2014,Paola paid $3,000 in tuition,$500 for books,and $250 for supplies for class.Paola also paid room and board of $3,500.What is the total qualifying education expense for the student loan interest deduction for Paola in 2014?

Question

Quizplus · Accepted Answer

The total qualifying education expense for the student loan interest deduction includes tuition, fees, and other related expenses. In this case, Paola's total qualifying education expenses are $3,000 for tuition + $500 for books + $250 for supplies + $3,500 for room and board = $7,250. Therefore, the answer is (A) $7,250.

Paola Is a Freshman in the UC-Davis Degree Program in Veterinary