Student debt is crippling a generation of Americans who believed that higher education was their path to economic freedom but have found, instead, that their student loans are their economic slavery.
Income tax is intended to tax income, but student loans are not income! It is money that goes straight from the lender to the student's expenses. Taxing student loan payments is double taxation!
We encourage Americans to buy homes by making mortgage interest tax deductible. We should extend this same encouragement towards the pursuit of higher education.
Make student loan interest 100% tax deductible!