The federal government made $41.3 billion in profit on student loans in 2013. According to USA Today, that puts them just behind Exxon Mobile and Apple for having the most profitable 2013. The nation's student loan debt now surpasses auto loans and credit card debt yet the government has done nothing to address these issues. America deserves better.
In order for America to maintain its preeminence into the 21st century, it is essential that we incentivize our young people to attend college without worrying about financially jeopardizing their future. Therefore, we ask the government to make all student loan payments tax deductible. Enacting such legislation will reward those American who wish to attend college and responsibly pay off their loans, as payments will not be taxed as income.