The student loan interest deduction, a long-standing provision in the US tax code, is facing increasing scrutiny. Its potential phase-out has sparked considerable debate, raising questions about its effectiveness, economic consequences, and the impact on millions of student loan borrowers. This examination delves into the multifaceted implications of such a policy change, exploring its effects on the federal budget, individual taxpayers, and the future of higher education. This analysis will consider the potential for increased student loan delinquency, the distributional effects across different demographic groups, and the viability of alternative approaches to student loan debt relief. We will examine the Read More …