What is the student loan interest deduction and what are the requirements for the deduction?
It is a deduction that you may qualify for if you paid interest during the calendar year if you used the student loan for educated-related expenses-tuition, fees, room, board, books, equipment, supplies, transportation, etc. If you paid more than $ 600, you should receive a Form 1098-E. You may deduct up to $2500 each year of interest you paid.
