The purpose of my petition is two-fold: (1) to ensure that more students pay off their federal student loans rather than default and (2) to provide student loans with tax relief for following through on paying off their student loan obligations to the federal government making taxpayers whole.
For example, if I pay $10,000 in student loan principal in 2014 and $1000 in interest on that principal, the $10,000 would be deducted from gross income i.e. written off.