Which of the following qualifies for an educational deduction?

The educational deduction primarily pertains to expenses that are directly related to educational pursuits, specifically student loan interest which is a common deduction available to taxpayers. This deduction allows individuals who are repaying loans taken out to pay for qualified higher education expenses to deduct a specific amount of interest paid on those loans from their taxable income.

School fees can also fall under the category of qualified educational expenses, further aligning the choice with the criteria for educational deductions. This means that both school fees and student loan interest can be considered as expenses for which an educational deduction is applicable, making this option the right choice.

In contrast, contributions to Health Savings Accounts, charitable contributions, and investment interests do not meet the specific requirements for educational deductions. While they may provide other tax benefits, they lack a direct connection to educational expenses, thus making them ineligible for educational deductions.