For the Interest on a Student Loan to Qualify for the Student

question 22

True/False

For the interest on a student loan to qualify for the student loan interest deduction,the student must be enrolled full-time.

---

Definitions:

Behavioral Economists

Researchers in economics focusing on how psychological, cognitive, emotional, cultural, and social aspects influence the economic choices made by individuals and institutions.

Availability Heuristic

A mental heuristic that uses the most readily accessible examples in someone's memory to appraise a specific area, concept, technique, or decision-making process.

Behavioral Economists

Scholars who study the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.

Payroll Deduction

A method where an employer withholds a portion of an employee's salary for taxes, insurance premiums, or contributions to retirement plans, directly reducing the employee's take-home pay.