In 2011 Through 2014, Rory Borrowed a Total of $30,000

In 2011 through 2014, Rory borrowed a total of $30,000 for higher education expenses on qualified education loans. In 2015, while still living at home and being claimed by his parents as a dependent, he began making payments on the loan. The first year interest on the loan was reported as $1,750. The amount that Rory can claim on his tax return is:

A) $0.
B) $1,500.
C) $1,750.
D) $2,500.

Correct Answer:

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