This is a test of commonsense with single/multi-choices. Complete the next sentence:

How to deduct student loan interest
Determine that your loan qualifies.
You can only deduct interest paid if you took out the loan to cover educational expenses such as tuition, books and supplies, transportation, and room and board.
Universities typically have a " sample student budget " on their website that lists the types of expenses that qualify.

Choose your answer from:
* This information will be used to determine if you need to deduct interest from your student loan. Study the student's financial plan before you deduct student interest.
* You must use the proceeds from your student loan for these expenses. The loan also must have been disbursed within 90 days of the start or end of the academic period for which they were used.
* Technically there's no need to add students' spending to the budget. A sample student budget is only generally available when fees and taxes are required.
* You can find this information at your local library. Find out the date the interest rate was charged.
The answer is:
You must use the proceeds from your student loan for these expenses. The loan also must have been disbursed within 90 days of the start or end of the academic period for which they were used.