Congress Failure to Act Hurts Students

Once again our elected officials failed to do their elected duties. This time their gridlock hurt students. The interest rate costs of subsidized student loans for college students doubled due to lack of action by Congress. The only silver lining, however small, is that student loan interest is deductable from total income on the front page of the federal tax return. That means it also reduces state income. Unfortunately that doesn’t make up for educational debt that is mounting due to interest rates that are high due to the incompetence of Congress.

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