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Andy,

Simple question, complex answer. The fact you paid tuition in 2004 with student loans (vs cash, credit card, etc)doesn't have an effect on deductability of education expenses. I forget which is more common to qualify for, but you probably qualify for either the Hope credit or the lifetime learning credit, depending on your income, which credits you've claimed before, etc. Additionally, I don't think the entire amount is deductible, rather, a percentage of the amount, upto some number is deductible.

You may also get a 1098-E which will have origination fees for your loan, and that also should be deductible, atleast potentially.

danbobtx
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