Remove IRS limits on student loan interest write offs
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Our children are hit with 6.5%- 8% student loan interest rates. If that is not bad enough- the IRS is penalizing them too! Interest paid on loans is capped at $2500 per year for write offs, yet a graduate owing $200k+ can pay $5000 in interest/yr. Why are we continuing to penalize the next generation? Aren't we suppose to be encouraging our kids? Apparently our system does not recognize nor wish to support graduates trying to make a difference!
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