Danielle graduated from State University in 2016.She paid $2,100 of interest during 2017 on her qualified educational loan.The full amount is deductible.

Question

Quizplus · Accepted Answer

The interest paid on a qualified educational loan is deductible up to $2,500 per year, and there is no income limit to claim this deduction. Therefore, as Danielle paid a total of $2,100 of interest on her qualified educational loan during 2017, the full amount is deductible.

Danielle Graduated from State University in 2016