Student loan debt is out of control. If people were able to have payments for student loans deducted prior to taxes they would be able to make larger payments and pay off their debt sooner and boost the economy by having more disposable income.
There should also be an incentive plan for paying more than the minimum payment. After you pay 50% of the loan the remaining balance is reduced by 25%.
The loan companies get their money back sooner and it encourages larger more affordable payments for the student.
To simplify this process, this program should be made available to anyone who wants to participate regardless of their income level.
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