The income tax created more criminals than any other single act of government-Barry Goldwater

A qualified education loan is any debt incurred to pay the qualified higher education expenses of a taxpayer, spouse, or dependent at the time the debt was incurred.

An eligible student is generally an individual who is enrolled in a degree, certificate, or other program leading to a recognized credential at institution of higher education.

In order to qualify, the education expenses must be attributable to the time the student was attending the institution at least half- time.

For purposes of a student loan deduction, qualified higher education expenses are generally the cost of tuition, fees, room and board, books and supplies. Consult your tax advisor for further detailed information.