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originally posted by: pavil
a reply to: FyreByrd
Some of the hardest hit will be student loan recipients: Nearly 12 million will be affected by repeal of the student loan interest deduction. Graduate students will be hit even harder, since the House tax bill proposes taxing tuition paid by their universities, which will raise taxes by nearly $10,000 on some students.
If your taxes are affected by $10,000 by the student loan interest deduction, you are not middle class. Doctors just out of internship have those kind of Interest deductions not normal college people. It's more a reflection on the government/collegiate complex cost of education than it is of taxes.