No, you can't deduct credit card interest. You can only deduct the tuition (on Form 1098-T) and other related qualified education expenses. See the examples below.
If you took out a student loan, you could deduct the Student Loan Interest on Form 1098-E.
See the TurboTax FAQ: Can I deduct education expenses that were paid with student loans?
Education expenses can be complex, but we'll simplify them for you. Here are examples of what you can and can't deduct:
You can deduct:
- Tuition
- Enrollment fees
- Expenses paid to school, on condition of enrollment (lab fees, for example)
- Certain books, supplies, and course-related equipment
- Expenses listed above (for the following semester), as long as the semester begins in the first three months of 2017
- Education expenses paid with cash, checks, credit cards and savings accounts
- Education expenses paid with loans, gifts and inheritances
You cannot deduct:
- Room and board
- Fees for non-degree courses (sports, games or hobbies)
- Insurance
- Medical expenses or student fees
- Transportation or mileage
- Fees for maintaining or acquiring a license (broker, CPA, etc.)
- Tutoring expenses
- Private high school or grade school fees
- High school or private school uniforms
- Undergraduate and graduate application fees
- Daycare expenses
- Homeschool expenses
- Contributions to a student's Coverdell Education Savings Account
