You are correct. The Statute of limitations, in general, is three years for the IRS to assess your taxes unless you omitted income or filed a false or fraudulent return.
Yes, if you claimed the student loan interest deduction and education credits, you should amend your returns to remove them. If your mom was a consignor on the loans, she can amend her returns to claim the interest if she paid on the loan and an education credit if she did not take one.
Yes, since you are no longer a dependent, you can claim the interest yourself this year.
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