In August 2020, Marisela took out a $10,000 qualified student loan to pay the tuition at State College. In 2022, she refinanced the student loan for an additional $5,000 that she used to buy a car to drive to and from campus. Under the terms of the refinanced loan, Marisela will be charged an additional $150 a year in interest. When completing her income tax return, Marisela can deduct what amount of the additional interest she is charged for her refinanced student loan? 

A. $0 

B. $75 

C. $100 

D. $150

Answer rating: 100% (QA)

Marisela can deduct the additional interest she is charged for her refinanced student loan ... View the full answer