<p>Tax deductible means that you deduct it from your income on your federal taxes. You then pay taxes on the lowered income. Sometimes it knocks you into a lower tax bracket. For comparison, the inclusion of student loan interest deduction on my taxes this year changed my refund by about four hundred bucks when I had paid about sixteen hundred in interest</p>
<p>DS stipend had a stipulation of n months, and a set dollar amount. DS finished his MS in 14 continuous months. His roomate, finished in 16 months.</p>
<p>sorry, it was 16 continuous months for DS and 18 months for his roommate.</p>