An eligible student is someone who is enrolled at least half-time in a program leading to a degree, certificate, or other recognized educational credential.
The standard for what is half the normal full-time work load is determined by each eligible educational institution.
An eligible program may include study abroad that is approved for credit by the institution where the student is enrolled.
In 2011, Jeremy paid interest on a loan that allowed his 21-year-old daughter, Kate, to complete a program in holistic medicine. Kate, who qualifies as Jeremy's dependent, is a full-time student at Southwestern College of Synergistic Therapy and the loan paid for books, supplies, and equipment. The college, however, is not accredited. Jeremy cannot deduct the interest on the student loan.