Zach attended Champion University during 2012-2016. He lived at home and was claimed by his parents as a deduction during the entire duration of his education. He incurred education expenses of $14,000 during college of which $3,640 was paid for by scholarships. To finance his education, he borrowed $9,000 through a federal student loan program and borrowed another $5,000 from a local lending institution for educational purposes. After graduation, he married and moved with his spouse to a distant city. In 2017, he incurred $900 of interest on the federal loans and $500 on the lending institution loan. He filed a joint return with his spouse showing modified AGI of $112,000. What amount of student loan interest can Zach and his spouse deduct in 2017, if any?