Make Student Loan Payments 100% Tax Deductible!

Make Student Loan Payments 100% Tax Deductible!

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44 million hardworking Americans currently owe a total of $1.5 trillion in student loan debt. This is a financial crisis that, if not addressed, will be a driver of economic catastrophe for millions who are increasingly unable to pay down their student loan debt due to high interest loans. 

Student loan forgiveness is sorely needed, but in today’s politically divisive climate it is not likely to be passed. Americans struggling to pay off their student loan debt need some form of relief now, not later. What this proposal does is allow, at the very least, those who are repaying their student loans to have those payments deducted from their tax liability, 100%. This would provide much needed tax relief for millions of Americans who are struggling to pay down their student debt. Furthermore, this would also allow Americans  with student loan debt to pay down their loans faster.

The United States House of Representatives and the United States Senate should pass this measure immediately to provide economic relief to millions of Americans currently bogged down with student debt in the form of fair taxation.