Problem $4-47(LO4-1)$

Tam attended Brown University during $2018-2022.$ She lived $at$ home and was claimed $by$ her parents $as$ a dependent during her entire education. She incurred education expenses $of$ $$18,000$ during college, $of$ which $$2,160$ was paid for $by$ scholarships. $To$ finance her education, she borrowed $$11,000$ through a federal student loan program and borrowed another $$7,000$ from a local lending institution for educational purposes. After graduation, she married and moved with her spouse $to$ a distant city. $In2023,$ she incurred $$1,100of$ interest $on$ the federal loans and $$700on$ the lending institution loan. She filed a joint return with her spouse showing modified AGI $of$ $$118,000.$

Required:

What amount $of$ student loan interest can Tam and her spouse deduct $in2023,if$ any?