Making college tax deductible would help a lot of families

This could be even bigger than student loan cancellation. ????https://t.co/F3PynWKa6w#BREAKING #BreakingNews #stimulus #money #college #education #policy #congress #Covid_19 @RandPaul @yesmakelemonade @Forbes

— Zack Friedman (@zackafriedman) October 22, 2021

Forbes reports, “Sen. Rand Paul (R-KY) plans to introduce new legislation in Congress — the Tax Free Education Act — next week. This new bill would: make education expenses 100% deductible; enable students to deduct the cost of their education from their income tax; include student loans as 'education expenses'; apply to all colleges and technical schools; and apply to the cost of K-12 education.

‘Making college tax deductible, I think, would help a lot of families,’ Paul told WDRB in Kentucky. ‘A lot of families are struggling. College tuition has doubled over the last decade. Loan payments are going up. I meet people in their 30s still trying to pay back their loans.”

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