Paola is a freshman in the UC-Davis degree program in veterinary medicine. In 2015, 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 2015?

Question

Quizplus · Accepted Answer

The total qualifying education expenses for the student loan interest deduction for Paola in 2015 would be the sum of her tuition ($3,000), book expenses ($500), and supply expenses ($250), which equals $3,750. Additionally, her room and board expenses of $3,500 can also be included in the deduction, bringing the total to $7,250. Therefore, the correct answer is choice A.) $7,250.

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