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

Question 43
Multiple Choice

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.