There is an above the line deduction that allows up to $2500 to be deducted for qualified student loan interest. I was not aware that you could deduct HELOC interest, even if used solely for college tuition, under this $2500 above the line category.
Now, if you are deducting the interest as an itemized deduction, you can probably deduct more than $2500 until the debt is paid.
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (4, 10, and 11).